Figuring Out Resources

IRS Audit Reconsideration: A Guide to Getting Your Application Right When you get audited by the IRS, you face two options: to accept or challenge the results of the IRS audit process. There’s the provision for apply for audit reconsideration when you’re disputing the tax IRS says you owe. Should your request be granted, your audit with the IRS gets reopened. As you engage an accountant for guidance on how to proceed with an IRS audit reconsideration application, below are some tips to help do it the right way: Factors Under Which an IRS Audit May be Abated If a review of your IRS audit reveals specific conditions to be true, the IRS has authority to cancel part or all of its assessment. A case in point is when the tax that an evaluation claims you owe exceeds the right tax obligation, in which case, correction is mandatory. Another condition is when the assessment is completed past the expiration of the limitation period that applies. In case of a mistake or illegality in the audit, you may be granted reprieve too.
If You Think You Get Professionals, Then Read This
But the IRS won’t do an audit reconsideration when you’ve already signed an agreement undertaking to pay the tax owed, such as a closing agreement or offer in compromise. Likewise, expect no tax audit reconsideration in case the U.S Tax Court or another court has already delivered a final determination about your tax obligation.
On Professionals: My Rationale Explained
Preparing to Submit an IRS Audit Reconsideration Request There are conditions that a tax payer has to meet before sending their request for a review of their IRS audit. For starters, you must file returns for the subject tax year. Additionally, submit a copy of the assessment report if you have it. It’s also significant to set forth the alterations meant for revisiting. Don’t forget to include a memorandum detailing the relevant facts and laws that apply. As you proceed, just know that audit reconsideration is not a legally guaranteed right to the tax payer, rather, it’s accepted totally at the discretion of the tax authority. In your application, you must give your position on the basis of the law while providing relevant evidence. The implications following an audit reconsideration request may not turn out as anticipated without sufficient facts to back your claims. Typically, the IRS delays collection processes once an audit reconsideration application has been received, although the law does require it to do so. Submit an application for the review of your IRS audit after you’ve exhausted your other options, including filing a petition. The whole audit reconsideration package should be prepared and delivered in the exact form as an Appeals notebook. To better your odds, consult an accountant while you’re applying for IRS audit reconsideration.