What happens when the IRS audits you?

On Behalf of | Mar 29, 2021 | white collar crimes

While most Missouri residents are never going to have to undergo an IRS audit, there are certain circumstances that may make an audit more likely. Making certain errors or raising certain red flags when filing your taxes may trigger an audit. In some cases, the IRS may choose to audit you completely at random, although this happens to only a small number of people.

If the IRS does decide to audit you, knowing what to expect may help you stay calm and informed while you navigate the process. Also, try not to panic. Many audits take place entirely by mail.

The by-mail audit

If the IRS does audit you, it may do so by mail. This version of an audit has you sending certain receipts or documentation to back up what you reported on your taxes. Often, doing so is enough to bring your case to a close.

The office audit

Sometimes, the IRS may need more information from you and request a face-to-face meeting at your local IRS office. If so, you may have to furnish additional documentation that backs up what you entered on your tax forms.

The field audit

Many people consider field audits to be more intimidating than the other audit types. With a field audit, an IRS agent may have to come to your home or workplace and conduct a thorough investigation of your earnings and finances.

You may be able to navigate an audit by mail on your own. However, many people want additional assistance or representation when facing an in-office or field audit.