IRS REVIEW VS. AUDIT: Understanding the difference.
Channel: Souri, Gazda, & Co.
Date: 2021-10-12

“We have received your tax return and it is being reviewed.” Many of us have received this message and have no idea what to make of it. Should you panic when you receive a message like this from the IRS?

In juxtaposing an IRS review vs audit, many people end up with a plethora of questions. Do they mean the same thing? What does the IRS mean when they say “taxes under review” Or “refund under review?” Why is my refund under review? What is the IRS review process? If my tax return is under review how long will it take? What does manual review mean on your taxes? And so many more questions along that line.

You may have received an IRS review letter (CP05) that has you wondering. If you have received an IRS review letter, you should know that the IRS is allowed to carry out a review or examination of your information and accounts to ensure you’re reporting things correctly

If you have ever wondered what the difference between an IRS review vs audit is, then this video has been waiting to find you. In this video, we have explained the crucial differences between an IRS tax audit and a tax review in the simplest, most entertaining way possible. 
We will touch down on what a tax audit is, and give you quick tips regarding how to win your tax audit and review successfully. Watch now. 

For more information, visit: www.newstarttaxconsulting.com
Email:  help@newstarttaxconsulting.com.