It’s that time of the year. The thrill of getting a massive tax refund is just subsiding and things are getting back to normal when suddenly the unthinkable happens. You get a letter from the IRS saying your return is being audited. What now?
First, don’t panic. The letter you’ve received explains the issues with your return. All you need to do is provide the documentation requested. Typically, the IRS will give you 30 days to provide the information but you can request additional time to make sure you have everything in order.
Once the IRS gets your information they’ll either accept it and close the audit or propose changes. If they propose changes: You can appeal those changes.
As you can see there is a method to this madness but it can be time consuming and it can create undue anxiety if you’ve never been audited before.
You don’t have to suffer this alone. If you’ve received an audit notice for yourself or your business make sure to connect with me today. I’ve helped countless people in your situation and I can help you too. All you need to do is schedule an appointment now. I know taking the first step can be scary (kind of like getting a shot) but you’ll feel better knowing you have a seasoned tax resolution professional looking out for your best interest.
As always, this is not legal advice and you should consult a professional (like me!) to determine what is right for you and your business.