What happens when IRS audits you?

Answer During an IRS audit, you must supply evidence to back up information you provided on your tax return. You are entitled to have a lawyer or accountant represent you, and you have the right to appeal... Read More »

Top Q&A For: What happens when IRS audits you

Job Description for Sales Audits?

Companies have employees carry out sales audits to ensure that the sales records are accurate, that the company's income matches what the account books says and to provide accurate and available in... Read More »

Statute of Limitations on Tax Audits?

The Internal Revenue Service has three years from the date of the taxpayer's tax return to request an audit. If a substantial tax mistake is found, the IRS may ask the taxpayer for tax records for ... Read More »

Does the IRS get bank statements for tax audits?

The short answer is no. The IRS will not get your bank statements for an audit, but if you're audited by the IRS, the IRS will want to compare your bank statements and deposits with your reported i... Read More »

Will an IRS Audit Lead to Audits in Subsequent Years?

No thought evokes greater fear in taxpayers than the idea of being audited by the Internal Revenue Service. And if you're ever audited, the last thing you need is for that previous audit to trigge... Read More »