Being audited by the IRS can make anyone nervous, but before working yourself up, it is best to have your case analyzed first. The first step is to consult with specialists like ourselves that can explain what an audit means.
What is an audit?
An audit from the IRS is a review or examination of an organization or individual’s accounts and financial information to ensure that it has all been properly declared according to tax laws, and to verify that the amount of taxes declared is accurate.
Being selected for an audit does not mean that there is a problem. The IRS uses several methods for selection, such as randomized computer selection and the relationship that one has with other taxpayers. Notification of an audit arrives by mail.
Frequently Asked Questions:
- I need your help with my problem with the IRS. They sent me letters telling me that I owe them money, but I don’t understand why.
- Someone stole my identity and now I owe the IRS $35,000, and I also owe the state. Please help me.
- I did my taxes with an office that has since closed and my statements where filed incorrectly, what do I do now?
- I owe the IRS $50,000. Can you help me negotiate a payment plan?
Do you have questions? Call us, we are here to answer them!