I m getting audited

Chances are, you’re not going to get audited. Unless your income is really high, you have a less than chance of getting picked for an audit. If it happens, though, you want to be prepared. The idea of an IRS audit can be frightening no matter how diligent you are about reporting your income to the IRS.

While the risk of being audited is quite low for most (statistics indicate that in 201 the IRS audited only about percent of all returns), being aware of what audits are, why they are conducte and how to know that you are being audited is essential for every taxpayer. Audit notification and preparation: The IRS notifies you (or your authorized tax pro) about the audit , almost always by mail. Usually, the audit will be for a return that you filed within the past two years. The IRS will send a request for information (Form 456 called an information document request, or IDR). Apr 0 20 The IRS manages audits either by mail or through an in-person interview to review your records.

Remember, you will be contacted initially by mail. Each year, there are about million taxpayers who have their tax return questioned by the IRS, either by audit or by a verification notice from the IRS. What If I Don’t Have Receipts?

Following up on your refund The best way. Jun 0 20 If you got a letter saying you are being audited , you are being audited. Two VERY different things. Audits may or may not be done in person. My sister was audit three years in a row thanks to divorce, moving from state to state, remarriage, more kids, moving again yadda yadda lol.

After a tax audit is complete, you’ll get a notification of the result within days stating your charges, if any. You then have days to either appeal or accept the result. If you appeal, you will take your case to an IRS appeals agent who will then make a decision based on the facts of your case.

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