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Handling IRS Auditors
By Darrin Mish of Law Offices of Darrin Mish
An IRS audit is the taxpayer's biggest fear. You will begin to doubt if you did your taxes right, even if you filed them truthfully. The thought of penalties, levies, and even jail are brought to mind. Before you worry, though, be aware that there are laws that protect you in an audit by the Internal Revenue Service. The third installment of the Taxpayer Bill of Rights (TaBOR) was passed in 1998 after numerous Americans lobbied Congress about the abusive behavior of IRS auditors. With this bill, the IRS are mandated to truthfully inform taxpayers of their rights and what type of action they can expect from the IRS. A regular meeting between IRS auditor and taxpayer comes to mind in an audit. However, more usual than not, audits are done through the mail. The IRS sends the taxpayer letters pertaining to claims in their tax returns, often asking for further documentation. If you kept organized records, these are typically quickly resolved. A section of your tax return or its entirety can be audited by the IRS. If the IRS just audits a section of your return, make sure that you just offer documentation pertaining to that portion. Giving more documentation encourages the IRS to look further and request for even more documentation. Also, most people aren't fit to deal with the IRS on their own. In a meeting with the IRS, it's recommended to bring a qualified tax advisor like a CPA or tax attorney. If you employed a tax service or accountant, make sure you call the actual professional who prepared your tax return. They can help in forming a response to the auditor and may know of the particular problems related to your return. Your audit will generally be resolved with the IRS agent telling you about any of the errors that they uncovered on your tax returns. You'll then be notified officially if you need to pay more money in fines, debts, or other financial adjustments. Some taxpayers have even gotten the rare refunds after an audit. Obviously, you should probably not depend on this happening with your tax audit and IRS problems. |
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