The IRS Tax Audit Letter

The Dreaded IRS Audit Letter

If you have received a tax audit letter from the IRS, do not panic. An audit just means that the IRS wants to confirm that the entries on your tax returns are correct. There are different types of letters you may receive from the IRS.

Types of Audit Letters

If you receive an audit and examination notice, it just means that the IRS wants to discuss your tax returns with you.

  •  If there is some calculation error or mistake on your returns, you will receive Letter 525 informing you about the error or mistake and the adjustments that need to be made on your return. If you agree with the adjustments suggested by the IRS, all you need to do is sign the letter and return it to the IRS. If you feel that there is no error or the adjustments suggested by the IRS is not acceptable you, you can request for an appeal with the IRS.
  • You will receive Letter 531 if the IRS believes that there is a deficiency in your tax returns. You can pay the deficiency or file a lawsuit in the court with 90 days of receipt of the letter challenging the deficiency finding by the IRS.
  • Letter 692 will be sent to you if the IRS determines that detailed adjustments have to be made to your tax returns Like Letter 525, if you agree with the adjustments suggested by the IRS, just sign the letter and return it to the IRS otherwise you can request for an appeal with the IRS. But you must request an appeal within 15 days of receipt of the letter.
  • You will receive CP 2000 Notice if the IRS intends to make changes to your returns. If you find the changes acceptable you can return the notice to the IRS after signing it or else you can request an appeal within 60 days of receipt of the notice.
  • Letter 915 is sent to inform you of the adjustments to your tax amount. You can return the notice to the IRS after signing it the letter to the IRS if the adjustments are acceptable to you. If not, you can request an appeal within 30 days of receipt of the letter. If the IRS has already conducted its filed audit, then you will receive IRS letter 950 informing you of the findings. If the findings are acceptable to you, you can return the notice to the IRS after signing it. If not, you can request an appeal within 30 days of receipt of the letter.
  • If the IRS determines that you have a tax liability but you have not filed the returns, you will receive Letter 3391. The letter will inform you about the changes to your tax liability. If the changes are acceptable to you, you can return the notice to the IRS after signing it. If not, you can request an appeal within 30 days of receipt of the letter.

When dealing with a tax audit, you should remain calm. Basically when you receive any of these letter, it does not mean that you have committed an offense. It just means that the IRS has a different view from yours. You should request a meeting with the IRS official. Attend the meeting with your tax attorney or CPA. Provide the IRS with all information that it needs.

 

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