Tax Audits

Tax Audits

An audit is a review of an individual’s or a firm’s tax return and finances conducted by the Internal Revenue Service  to ensure that the amount of tax reported is correct. The majority of taxpaying individuals and businesses are audited because the information they provided either has noticeable numerical discrepancies or falls outside of what the IRS considers statistically normal. This is determined by both computer analysis and direct examination by IRS agents.

Frequently Asked Questions:

What is an audit?

How can I avoid an audit?

Why am I being audited?

What should I expect during an audit?

What is an interview with the IRS like?

How far back can the IRS audit me?

How long can the IRS audit me for?

When does an audit end?

What if I don’t agree with the audit results?

How likely am I to go through an audit without owing any money to the IRS?

What kind of penalties can an audit result in?

What is tax fraud?

What are my rights during an audit?

Can I be criminally investigated by the IRS?

How do I appeal an audit?

What documents will the IRS want to see?

Why are small business owners are at significantly higher risk for audit than individuals?

My auditor hasn’t contacted me in a couple of months, what should I do?

Do I have to let the IRS into my home?

Can the IRS take my house?