If there’s one thing in common between taxpayers, it’s that they dread the possibility of being audited. When that notice comes in the mail, naturally people are concerned about what will happen next. When the IRS wants to take a closer look at your tax return, you could end up paying more or fewer taxes, so it’s not all bad. However, the process of getting everything prepared for an audit — as well as the audit itself — can be harrowing. If you’ve received a notice of audit from the IRS for your individual taxes, it’s time to get help.
Talk to Your Auditor
It’s not uncommon for people to need more time to get their documents and records together to provide the auditor what they are asking for. However, don’t assume that the auditor knows this. Communicate with them by writing back or by contacting them in another way if the notice specifies an email or phone number. Let them know that you’re aware of the audit and that you are requesting a time extension to gather documentation. The worst thing you can do is simply ignore the letter — even if you’re getting your records together, if your auditor doesn’t know this, it could spell trouble.
Relax. It’s Probably Not Going to be a Face to Face Meeting
Most audits are not done in person — they’re done via mail. The IRS will first notify you of their intent to audit, which will be followed by a request for specific information. They may ask to see receipts for deductions you’ve made, or they may want to verify your W-2’s. Send them copies of the paperwork they’re asking for and take a deep breath. Chances are, this will be sufficient and the audit will be considered complete.
Give The IRS Exactly What They Are Asking For
The IRS should let you know very specifically what additional information they want to see. It’s important that you provide them with this information and only this information. Don’t offer up additional records or documents beyond what they’ve asked for. If you do happen to be asked for an interview, either face-to-face or via phone, answer their questions succinctly and stick to the topic at hand.
Consider Hiring Representation
Many people believe that if they hire an audit defender that this somehow communicates to the IRS that they are guilty of tax fraud or have something to hide. This is a myth and hiring tax audit defense can actually be extremely helpful in your case. Your defender can help you to gather the documentation needed and can guide you through the audit process, helping it to be smoother and more efficient. Often, IRS representatives prefer to deal with attorneys versus individuals, because the attorneys are experienced and understand exactly what is needed to facilitate the audit.
Did you receive a notice of audit? Don’t wait to get legal representation. Contact Tribute Tax Defense today by filling out the online form or calling (713) 497-1841 for a free consultation.