HOW TO AVOID AN AUDIT RONSON SHAMOUN

An audit is a screening process that the IRS uses to gather information about groups of taxpayers and their income and expense habits, to ensure that taxpayers are being compliant with the Internal Revenue Code, and to ensure that the information you provided to the IRS was accurate. Although the IRS suspects wrong doing in some of the returns it audits, most of the time the Revenue Agent is simply checking for accuracy. In most cases, the taxpayer has little to worry about. However, nervousness may cause you to say the wrong thing to the auditor, which can expose yourself to more potential liability. In addition, some Revenue Agents are overzealous in their examination and may take advantage of your unfamiliarity with the audit process. The most common mistake that taxpayers make is providing the IRS with too much information, thus launching a fishing expedition into multiple years of tax returns and areas that are outside the initial scope of the audit. This mistake can ultimately cost you lots of time and money when you receive your final examination change report.

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• taxes
• federal
• attorney
• tax attorney