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How to Execute an IRS Audit Reconsideration Request When you get audited by the IRS, you face two options: to accept or challenge the results of the IRS audit process. You’re allowed to seek audit reconsideration when disagreeing with the taxes the IRS asserts you owe. In case your request is accepted, your audit with the IRS is revisited. As you seek professional help with handling an IRS audit reconsideration request, here are insights to help you get it right: Conditions for Which the IRS May Withdraw an Assessment When reconsideration of your IRS audit indicates particular circumstances to be true, the IRS the mandate to abate its assessment in full or part. A case in point is when the tax that an evaluation claims you owe exceeds the right tax obligation, in which case, correction is mandatory. 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. Additionally, submit a copy of the assessment report if you have it. Equally important, include the changes you’re submitting for reconsideration. Don’t forget to include a memorandum detailing the relevant facts and laws that apply. While you’re at it, appreciate that audit reconsideration is not a matter of the tax payer’s legal right, but a request is honored totally at the IRS’s discretion. In your application, you must give your position on the basis of the law while providing relevant evidence. The implications following an audit reconsideration request may not turn out as anticipated without sufficient facts to back your claims. Usually, the IRS postpones any collection processes once it has received an audit reconsideration application, although that’s not a legal obligation for the authority. Send a request for the re-assessment of your IRS audit if other options, including filing a petition, are not viable. 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.