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In The Event Of An IRS Audit, What To Do?
By Darrin Mish of Law Offices of Darrin Mish
Numerous people have absolutely no idea whatsoever when it comes to their rights during an IRS audit. Luckily, even if they do not understand their rights, their rights are still protected and should not be violated by the IRS in the course of the audit process. Among the most important rights during an audit process is just having the right to an explanation of the entire audit process and what is going to occur and what's happening. Much like any legal proceedings, you also have the right to be represented by an enrolled agent, a CPA, or a tax lawyer. It's your right to claim additional deductions that were unclaimed on your original tax return. You also have the right to take any issues with your particular IRS agent that may arise in your audit to the national IRS office. Being aware of your rights in an audit can make the process much seamless, but most essentially, it can help ensure that you are treated fairly by the auditor regardless of what your IRS problem may be. When undergoing an audit, it is recommended to read the Taxpayer's Bill of Rights, or IRS Publication 1. All the taxpayer's basic rights are printed in this booklet. To give you more time to refresh your memory on your tax return's contents, as well as to collect supporting documents, you can postpone your audit. Before you actually meet with the IRS auditing agent, it's recommended to meet with your counsel. This is to offer you an opportunity to develop a strategy on how to deal with the issues that the auditor will bring up, whether you are working with a CPA or a tax lawyer. Only bring the documents requested in the IRS notice. Any more might result to more IRS problems. Areas that were overlooked in the first place might be delved into further by the auditor. Among the best ways to cause an audit to end sooner than later is to just be ready to back up all of your claims. The more completely prepared you are, the less likely an auditor will invest time looking for more reasons to keep the auditing going. They'll realize that you will be prepared to provide supporting documentation, no matter what issue they look into. Audits can be exhausting and intense, obviously. No matter how heated the case is, you want to make sure that you're always courteous and professional. At the same time, you should expect to be treated in the same manner by the IRS agent who is conducting your audit. Finally, the most essential and simplest thing to do in an audit is to tell the truth. Lying will not assist you. That single truth alone can save you a lot of trouble and help you with any IRS problem. |
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