There are many different levels to an audit, and some may be cleared up by simply mailing supporting documents to the Internal Revenue Service. Others, however, may be comprehensive, and if this is the case, individuals may want to speak to their tax preparer about handling the audit.
“I never recommend that a client call the IRS themselves nor attend the audit,” tax professional Sharon Warren told Bankrate.com. “They can unwittingly reveal information that is not required and potentially cause more problems."
However, individuals should gather all relevant paperwork, pay stubs, income statements and supporting documents that were used to claim tax credits and deductions. Tax professionals will need this paperwork in order to represent the individual undergoing the audit.
While most audits are small inquiries that can be resolved quickly, taxpayers can avoid the additional scrutiny by visiting a tax preparer during filing season to reduce mistakes on their returns. It’s important to have receipts and invoices that support credits or deductions filed and consumers should closely review their tax forms to ensure no small typos or calculation errors were made. Additionally, consumers should maintain organized records for at least three years in the event the IRS requests supplemental information.
Every effort has been taken to provide the most accurate and honest analysis of the tax information provided in this blog. Please use your discretion before making any decisions based on the information provided. This blog is not intended to be a substitute for seeking professional tax advice based on your individual needs.