Many adults living and working in America are afraid of being audited by the Internal Revenue Service. When it comes to tax issues, you can expect penalties, fines and even imprisonment.
An IRS audit can even be conducted on residents and citizens who have paid their taxes in full and not done any illegal activity. You can now easily deal with the IRS by hiring Orange County IRS Tax Attorney for helping you settle or lower your back taxes.
Image Source: Google
When they get an audit notice, the most honest people will question if they did their taxes correctly. This can be the most stressful and exhausting period in a taxpayer's life. Be aware that IRS audits are protected by law.
In 1998, Congress passed the third installment of TaBOR (Taxpayer Bill of Rights). This bill requires taxpayers to be honest informed about the types of actions they can expect from IRS and their rights under the IRS.
An audit brings to mind a regular meeting between the IRS auditor and taxpayer. Audits are done by post, which is more common than not. The IRS often asks for additional documentation and sends letters to taxpayers about claims made in tax returns. These issues can be quickly resolved if you keep organized records.
The IRS may audit your entire tax return or just a portion. Only send documentation that pertains to the IRS portion you are auditing. If you provide more documentation than is necessary, the IRS might request additional documentation.