Survive an IRS Audit: A Taxpayer's Guide to Navigating an IRS Audit

What is an IRS audit?

An IRS audit is a review of a taxpayer's tax return by the Internal Revenue Service (IRS). The purpose of an audit is to ensure that the taxpayer has reported all of their income and deductions correctly and has paid the correct amount of tax.

How do I know if I am being audited?

The IRS will typically notify you by mail if you are being audited. The letter will explain the reason for the audit and the documents that you need to provide.

Survive an IRS Audit

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What should I do if I am being audited?

The first step is to contact the IRS and schedule an appointment for an audit. You can do this by calling the number on the letter you received or by visiting the IRS website.

Once you have scheduled an appointment, you should gather all of the documents that the IRS has requested. These documents may include your tax return, W-2s, 1099s, and other financial records.

What happens during an audit?

During an audit, the IRS auditor will review your tax return and supporting documents. The auditor will ask you questions about your income, deductions, and other items on your tax return.

The auditor may also ask you to provide additional documentation, such as receipts or bank statements.

What happens after an audit?

After the audit is complete, the auditor will send you a letter explaining the results of the audit. If the auditor finds that you owe additional taxes, you will be required to pay the taxes within 30 days.

If you disagree with the results of the audit, you can file an appeal.

How can I avoid an IRS audit?

There is no surefire way to avoid an IRS audit, but there are some things you can do to reduce your chances of being audited. These include:

* Filing your tax return accurately and on time * Keeping good records of your income and expenses * Reporting all of your income, even if it is from a side hustle or a hobby * Claiming only the deductions and credits that you are entitled to * Avoiding common red flags, such as large deductions or questionable expenses

What should I do if I am audited?

If you are audited, it is important to remain calm and cooperative. The auditor is simply ng their job.

Here are some tips for dealing with an IRS audit:

* Be prepared. Gather all of the documents that the IRS has requested and bring them to your audit appointment. * Be honest and cooperative. Answer the auditor's questions truthfully and provide any documentation that they request. * Don't be afraid to ask questions. If you don't understand something, ask the auditor to explain it to you. * If you disagree with the auditor's findings, you can file an appeal.

An IRS audit can be a stressful experience, but it is important to remember that you have rights. By following these tips, you can increase your chances of successfully navigating an IRS audit.

Survive an IRS Audit

4.5 out of 5

Language	:	English
File size	:	383 KB
Text-to-Speech	:	Enabled
Enhanced typesetting	:	Enabled
Word Wise	:	Enabled
Print length	:	165 pages
Lending	:	Enabled
Screen Reader	:	Supported

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