March 20th, 2008
Correspondence Audits And You
Conducted through the mail, a correspondence audit is commenced when the IRS computers uncover a questionable item on your tax return. You’ll be told of the discrepancy on an IRS notice and you will be asked to send documentation to support your return. You will either be given a refund or requested to settle the additional taxes if the error is mathematical.
Be ready against IRS problems and audits by always making copies of your tax return and the supporting documents. It is best to work with a correspondence audit.