However, it’s crucial to stay calm and verify the situation. After all, scammers tend to prey on people in distress, especially during tax season. When you receive an IRS audit letter, it will clearly list your full name, taxpayer/SS ID number, form number, IRS employee ID number, and IRS contact information. This letter should clearly identify the primary reason for the audit and what documents you will be expected to provide. The IRS also more irs audit commonly audits small business owners and those who share stock in a partnership. If a certified tax professional did your taxes, reach out to them for review and clarification.

What Does an IRS Audit letter Look Like and How Should I Respond?

It’s important to keep the contra asset account audit letter and all related documents safe. This will help you if you need to refer to them during the audit process. The IRS audit letter will come in an envelope that is labeled “Official Business” and will include the IRS logo. The letter will usually begin with the words “We are auditing your” followed by the type of tax return, such as “income tax return”. It will also include the year of the return being audited. The letter will also include a list of the items being audited, the audit period, and a list of documents that you need to provide for the audit.

IRS audit phone number

Before you communicate with the IRS about an audit, consult with a tax attorney about your options. The Request for Consideration of Additional Findings is a letter that will provide the auditor’s proposed adjustments and the report of findings. If you agree with the adjustments, you can sign and return the form. If you dispute the auditor’s conclusions, you must file an appeal within 15 days of the letter’s receipt.

How to Handle Your IRS Audit Letter: Navigating IRS Mail Audits and IRS Communications

Regardless of how you submit it, you should always include the reply coversheet with the documents you send. Upload https://www.bookstime.com/bookkeeping-services/lincoln your tax forms and Keeper will prep your return for you. The good news is, you can always go on a payment plan, just like with any other tax bill. With one of these, the IRS typically allows for up to six or seven years to pay it off.

• Without knowing, giving the wrong information or documentation could lead to a more extensive and costly examination.
• This underscores the importance of thoroughly understanding the diverse tax laws and identifying which ones are relevant to your specific situation.
• To alleviate those fears, it’s important to understand how IRS audits work.
• Dealing with an IRS audit can feel like navigating a maze.
• While most show up during tax season, it’s crucial to stay aware of potential fraudulent letters year-round.

Once you’ve sent in your response, expect a minimum of 30 days before the IRS responds back (again, it will be by mail). Here’s a detailed list from the IRS of other documentation they might request during your audit. Never respond to an IRS notice asking you for personal information — that’s a sure sign of a scam. If you’re one of the “lucky” ones to hit the audit lotto, you will only ever be notified by mail. If you agree with our proposed changes, follow the instructions in your letter to have your case closed. If we determine that the documentation is insufficient, we will send you a letter to let you know what information we still need to resolve your case.