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How to Execute an IRS Audit Reconsideration Request If you get audited by IRS what happens is that you may agree with or dispute the outcome of the IRS audit process. You’re allowed to seek audit reconsideration when disagreeing with the taxes the IRS asserts you owe. Should your request be granted, your audit with the IRS gets reopened. As you engage an accountant for guidance on how to proceed with an IRS audit reconsideration application, below are some tips to help do it the right way: Factors Under Which an IRS Audit May be Abated When reconsideration of your IRS audit indicates particular circumstances to be true, the IRS the mandate to abate its assessment in full or part. For example, if the figure that the assessment claims you owe is more than the accurate tax liability, it has to be corrected. Another situation is if the evaluation was completed after the expiration of the duration of limitation that applies. If there was an error or illegality in the assessment, reprieve is also possible.
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But the IRS won’t do an audit reconsideration when you’ve already signed an agreement undertaking to pay the tax owed, such as a closing agreement or offer in compromise. Likewise, expect no tax audit reconsideration in case the U.S Tax Court or another court has already delivered a final determination about your tax obligation.
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Prerequisites for Sending an IRS Audit Reconsideration Application Certain conditions should be addressed by a tax payer before they can submit their application to have their IRS assessment revisited. First thing is to submit returns for the tax period in question. And if you have a copy of the audit report, submit it too. It’s also crucial to point out the changes being sent for re-assessment. Don’t forget to include a memorandum detailing the relevant facts and laws that apply. While at it, you should know that audit reconsideration is not a question of legal right to the tax payer, but it’s granted completely at the discretion of the IRS. In the request, you must explain your position with arguments supported by the law and provide supporting facts. The implications following an audit reconsideration request may not turn out as anticipated without sufficient facts to back your claims. Typically, the IRS delays collection processes once an audit reconsideration application has been received, although the law does require it to do so. Submit an application for the review of your IRS audit after you’ve exhausted your other options, including filing a petition. The complete audit reconsideration files ought to be prepared and submitted in the same way as an Appeals notebook. So, get professional help with the filing of an IRS audit reconsideration request to stand a better chance.