audit of taxes

Tax returns can be subject to review {audit, tax}. Audits question statements on tax returns.

process

An Internal Revenue Service (IRS) letter asks for records supporting tax-return statements. You must send requested records and a statement defending tax return or request an appointment with an IRS agent to deliver them.

If IRS rejects answers, you can appeal for review with IRS agent at IRS District Director office. However, burden of proof is on you. If review goes against you, you can appeal to Audit Division, then District Director, then Appellate Division of Office of Regional Commissioner, and then tax court.

field audit

Auditors can come to home or business in cases of complicated returns.

probability

Tax returns are more likely to have an audit if you have income greater than $60,000, large deductions, many deductions, cash income, casualty claims, conflict between reported and W-2 income, or conflict between 1099 and reported interest or dividends. Auditing is by random selection or in response to an informer who thinks people broke tax law.

time

If people did not file a tax return, IRS has unlimited time. IRS must question tax returns within three years of due date, unless it suspects fraud or gross income misstatement. If IRS claims fraud or gross misstatement, limit is six years for criminal charges. In case of fraud, IRS has unlimited time to attempt to recover due tax, plus penalties and interest.

Related Topics in Table of Contents

Practical Affairs>Financial Affairs>Tax

Whole Section in One File

7-Financial Affairs-Tax

Drawings

Drawings

Contents and Indexes of Topics, Names, and Works

Outline of Knowledge Database Home Page

Contents

Glossary

Topic Index

Name Index

Works Index

Searching

Search Form

Database Information, Disclaimer, Privacy Statement, and Rights

Description of Outline of Knowledge Database

Notation

Disclaimer

Copyright Not Claimed

Privacy Statement

References and Bibliography

Consciousness Bibliography

Technical Information

Date Modified: 2022.0224