An audit by the IRS needs not to be feared with the right tax attorney. There are safeguards put in place to protect taxpayers during this process. However, without the right tax advisor, it can be a burdensome process. The truth of the fact is the IRS only examines a small portion of returns filed each year. From my experience, returns are almost always selected within two years from the filing of the tax return. In most cases, this is because the IRS has 3 years from the date the return is filed to examine that return. The statute of limitations (SOL) is the technical terms for this 3-year expiration date. However, there are exceptions to the SOL set out in IRC Sec 6501.  IRS Statute of Limitations
There are three types of audits: 1. Correspondence audit, 2. Field audit, and 3. Office audit. Correspondence audits are more common and usually are conducted by mail. Producing documentation can usually solve correspondence audits. In addition, correspondence audits address issues with claims for credits and deductions. Field audits involved reviewing a taxpayer’s records and books through interviews conducted by a revenue agent. Working with the revenue agents and presenting the documents he/she requests is key. Office audits are more complex and involve questions of fact issues such as if income was fully reported. The word audit can cause fear to many taxpayers. However, a tax attorney can prepare you and help you through the journey of examination. Call Cumberland Law Group, LLC to speak with an experienced Atlanta tax attorney today.WL – WebLinks Directory
