If you’re going to be audited by the IRS, you are probably anxious about why it’s happening, when it will happen, what you’ll have to do, and how this could affect your financial livelihood. In most cases, an IRS audit is initiated when the IRS has detected a problem with the information contained in a tax return; surprisingly enough, an audit could be requested even years after filing, and could potentially leave you with an enormous, unanticipated, and devastating tax obligation.
There are two types of IRS audits: those that occur via the mail, and those that occur in the “field.” A mail audit can be simpler to deal with, as it usually just requests that you send proof of having made a purchase or charitable donation. Audits that occur in the “field” can be more intimidating and complex, and could involve an IRS agent visiting your home or company and conducting an investigation. If you face an impending field audit in Ohio, it is important that you have a tax resolution attorney provide you with guidance and make sure that your rights are protected.
There are two possible outcomes of an IRS audit: the IRS deems your tax return valid, or confirms their suspicion of a problem and imposes a change to the amount you received or owe to the IRS. If the latter occurs, you have the right to file a tax appeal, which should be done with the assistance of a qualified Ohio tax resolution attorney.