Hi, I'm Linda with Tax TV. Here, I have some information for taxpayers about the IRS audit process. Have you ever wondered how the IRS determines which return to audit? Well, the IRS has a variety of ways of picking which returns to examine. For example, if some information doesn't match in your return or if your return is related to another term that is under examination, there is a higher probability that it will be chosen to be examined by the IRS. The government also picks returns to audit by using a computer system that gives each return a score. This sophisticated and confidential scoring is based on the likelihood of the tax changing when compared to similar returns. With a high score, your return is a possible candidate for examination. After selection, there are three types of audits: correspondence, office, and field. Most audits are conducted through correspondence or mail. In fact, of the almost two million returns examined in 2010, over seventy percent were handled through mail. Before the IRS examiner contacts you, they will review the complete tax return, including line items, credits, the balance sheet elections, schedules, and any other items attached to the return. They begin with the issues identified by the computer and then look for large, unusual, or questionable items. The examiner will then mail you a form that explains the scope of the audit and may ask for additional information to be provided. The IRS may request various types of documentation to verify items of income and expenses, including receipts, invoices, and worksheets. It is important to keep track of all information and copies of all documents supplied to the examining agent. Additionally, maintaining a record of any oral communications with the agent by jotting down the name of the agent, date, time, and some...
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Irs examination letter Form: What You Should Know
The notice is mailed to you. It will include an Initial Contact letter. You can file a response form. Response to IRS Initial Contact Letter May 9, 2022—You file a response. It's not a formal rejection and will not affect you in the future. Responding to TOSAB.com May 3, 2024 — TOSAB.com sends you a notice of potential tax due, tax deficiency or a notice of potential tax collection. Do not ignore this notice and complete your information This notice tells you the IRS has selected to do an audit of your return. You are allowed to respond and will be notified when you have Responding to IRS Internal Notice and Audit Request May 3, 2024 — Initial Contact Letter — IRS will inform you of your audit eligibility for IRS and TAS auditing services. If you make it through your Initial Contact Letter — IRS May 3, 2024 — The notice will tell you if you qualify for IRS and TAS auditing services. This notice sends you information about how you can File a Statement of Audit May 9, 2024 — You file a statement of audit and pay the filing fees. You may pay by check, money order, credit or debit card. Additional Responses Apr 19, 2024 — The notice explains in detail how you can respond. Depending on your response, you can Respond to Internal Notification Letter and Audit Request Apr 19, 2024 — You are invited to file a response letter to the IRS and TAS audit notice. You have until May 9, 2021, to Submit Your Answer Apr 22, 2024 — The notice will let you know if you qualify for IRS and TAS auditing services. Responding to IRS Notice and Audit Request Apr 22, 2024 — You have until June 23, 2022, to complete your response. What Will IRS Do with Your Response? May 9, 2024 — The IRS will inform you of their final disposition of your case and the next step in your audit process. They will inform you what action was taken on your case. Additional IRS Notice, IRS Tax Filing Deadlines & How You Can Save Money All the information about these notice is in The IRS Notice of Audit Dates and Deadlines and TOSAB.com's Taxpayer Rights Notice page.
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