Audits |
If you receive an audit notice from the IRS, you need
to acknowledge it and respond promptly. You should consult a tax professional
before sending information or additional money to the IRS. There may
be an error in the amount that IRS claims you owe. Some tax professionals
may even represent you at an audit without your actual attendance.
The IRS is conducting fewer audits now than ever, but there are circumstances that cause the IRS to examine your return more closely. For example, the IRS may examine your return and request more information if your itemized deductions exceed any IRS internal guidelines or you claim tax shelter losses. Also, if your business expenses or charitable contributions of cash are substantial in relation to your income, you may receive an audit notice. Contact our offices to find out more. |
