Factors That Trigger an IRS Audit #infographic

Factors That Trigger an IRS Audit #infographic

You may feel like you're a brave person with a grip on fear. You then receive an official letter notifying you of an IRS audit of your income taxes, and for fear you have a new appreciation.

An IRS tax audit may take place for a range of reasons. You may have made a basic data entry mistake, or you may have missed a main type with the return. This kind of audit is easy, and not all that scary.

However, in other situations the IRS might be asking for detailed details on your salary and tax situation, leaving you in danger of paying a much larger tax bill with late payment penalties.

In this incredibly frightening scenario a tax attorney will help. The solicitor has the right to bargain on your behalf with the IRS, while aiding you in planning a case against financial liability and in any potential enforcement action.

If the audit isn't going your way, a tax lawyer will assist with a judgment appeal.

To schedule a 10-minute call to discuss a possible IRS audit with an accomplished tax attorney, contact David W. Klasing Tax Law Offices.

Typically and usually an audit would look back on the previous three years of tax returns. While it sounds like a wide window for the IRS for three years, the audit period will only extend. For example, if a significant mistake or other serious error is found, the audit period can extend to a maximum of 6 years. Where the taxpayer has failed to file or claims of wrongdoing are made or the auditor discovers evidence of fraud, the length of the audit period is technically indefinite. That is, for any tax year, the auditor can look back for and assess tax.

Factors That Trigger an IRS Audit #infographic

infographic by: klasing-associates.com

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