Monday, July 19, 2021

Was Your Income Tax Return Selected for an Audit?

Did you know that income tax audits can be completed through the mail or in person? 

The IRS determines how to complete your audit based on certain factors, like how complex the return is. In general:

  • Correspondence audits (via mail) are used for simple, individual returns (Form 1040) 
  • Face-to-face audits (“office audits”) are held in IRS offices for more complex issues
  • Very complex income tax returns are audited at the taxpayer’s place of business

If your return is selected for audit, you can make the process easier on yourself following these tips:

  • Always maintain accurate, well organized records
  • Respond to all requests for information promptly
  • Only provide the requested info
  • Be calm and polite

Call us for help on your income tax in the Ann Arbor area. 

Learn more on our website!

Tuesday, July 6, 2021

Are You Worried About an Income Tax Audit?

An audit of your income tax return doesn’t always mean there’s a problem. Returns can be selected randomly and can also be selected if a partner or investor was selected for audit. 

Even if your income tax return is selected for audit, chances are good the auditor will accept it as is — unless they question part of the return.

If your return is selected for an audit, don’t panic! As a taxpayer, you have the right to be treated courteously and with confidentiality. And, remember, IRS agents are not out to “get” anybody. They are professionals doing their jobs — correcting errors and checking facts — and want the audit to be resolved quickly, efficiently, and accurately.

Need help with an audit in the Ann Arbor area? Learn more on our website!