An IRS tax audit is an examination of your tax return to determine if it is accurate. The IRS can audit you for any year’s taxes, and tax audits can occur within three years of filing the return.
Suppose the IRS believes you have underreported your income, overstated your deductions, or made other errors on your tax return. In that case, they will send you a notice informing you that you are being audited. The notice will specify which items on your return are being questioned and why.
After that, you will be required to present proof of your return information. This may include bank statements, receipts, invoices, or other records. After reviewing your supporting evidence, the IRS will decide whether you incur additional taxes.
The IRS will issue you a charge for the outstanding amount if they discover that you owe more taxes. You will also be liable for interest and penalties on unpaid taxes. You can pay the amount and continue your life if you concur with the IRS’s conclusions.
However, you can appeal if you think you don’t owe the taxes. It’s critical to have an accomplished tax accountant on your side because the appeals procedure can be difficult. Alex Gurovich has represented taxpayers in IRS audits and can help you navigate the appeals process.
Our firm has helped thousands of clients who received CP notices including, but not limited to the following:
- CP 09 – Earned Income Credit You May Be Entitled To
- CP 10 – Changes to Tax Return, Reduced Amount Applied Toward Payment of Your Estimated Tax
- CP 11 – Changes to Tax Return, Balance Due
- CP 11A – Changes to Tax Return and EIC, Balance Due
- CP 12 – Changes to Tax Return, Overpayment
- CP 13/CP 13A – Changes to Tax Return, No Refund and No Balance Due
- CP 14 – Balance Due, No Math Error
- CP 16 – Changes to Tax Return, Overpayment Applied to Balance Due
- CP 21B – Data Processing Adjustment Notice, Overpayment of $1 or More
- CP 22A – Data Processing Adjustment Notice, Balance Due of $5 or More
- CP 22E – Examination Adjustment Notice, Balance Due
- CP 23 – Estimated Tax Payment Discrepancy, Balance Due
- CP 32A – We Want to Send You a New Refund Check
- CP 45 – Reduced Amount Applied Toward Payment of Your Estimated Tax
- CP 49 – Overpaid Taxes Applied to Other Taxes You Owe
- CP 54B/CP 54E/CP 54G/CP 54Q – Problem with Name and Identifying Number
- CP 59 – First Notice Request for Your Tax Return
- CP 75/CP 75A/CP 75B – EIC Portion of the Refund Delayed
- CP 79 – Earned Income Credit Eligibility Requirement
- CP 79A – Earned Income Credit Two Year BanM
- CP 90/CP 297 – Final Notice – Notice of Intent to Levy and Notice of Your Right to a Hearing
- CP 91/CP 298 – Final Notice Before Levy on Social Security Benefits
- CP 161 – Balance Due – Request for Payment or Notice of Unpaid Balance
- CP 501 – Balance Due Reminder Notice
- CP 504 – Urgent Notice – Balance Due
- CP 523 – Notice of Intent to Levy – You Defaulted on Your Installment Agreement
- CP 2000 – Notice of Underreported Income
- Letter 531– Notice of Deficiency
- Letter 525 – Examination Report
- Letter 12C – Information Request