What To Do If Audited - KFYRTV.COM - Bismarck, ND - News, Weather, Sports

What To Do If Audited

Posted: Updated:

The IRS reports less than 1 percent ofAmericans will be audited during this year's tax season. But, what do youneed to do if you find yourself in this situation?

The IRS is busy processing thousandsof tax returns, but there is one thing that could stand between you and yourreturn.

"You'll get that letter fromthe IRS, and I get phone calls with clients going 'ahhhh!' it's like breath, it'sokay," says Jackson Hewitt Tax Service manager Gina Manley.

While you have less than a onepercent chance of getting audited by the IRS, big changes in audits from yearto year, home office deductions, excessive business mileage and forgetting toadd income to your taxes could trigger a notification letter from the IRS.

"Once we get themover the initial fear then, you're at the state where you're just retrievingdocuments, and you're looking for all the paperwork to back up your taxreturn," says Manley.

If you can't provide certaindocuments, you may be contacted by the IRS for an interview and an officialaudit could follow depending on the situation.

"The IRS is not out to getanyone," says Manley. "Most audits are just documentation audits.  Theyjust want you to verify something on your return or they have a question."

And, just because you're audited oneyear, doesn't mean you're off the hook the next.

"Let's sayyou're a small business or you're in a business-type situation and theyaudit you one year for under reporting of income. They're going to audityou for several years after that to make sure you're getting it correct," she says.

Typically, filers have 30 days to respondto the IRS inquiry. If you have questions orconcerns about an IRS audit visit www.irs.gov.

Most Popular

Stories
Videos
loading...
  • TOOLBOX

  • Special Feature HomeSpecial FeaturesMore>>

  • Presidential Visit

    Presidential Visit

    Ongoing coverage of President Obama's visit to North Dakota.
    Ongoing coverage of President Obama's visit to North Dakota.
  • Ask An Attorney

    Ask An Attorney

    CLICK HERE TO GO TO THE ASK AN ATTORNEY PAGE!
    CLICK HERE TO GO TO THE ASK AN ATTORNEY PAGE!
  • Mobile Apps

    Mobile Apps

    We have the best Mobile Apps.  Learn how you can download yours today.
  • Me-TV North Dakota

    Me-TV North Dakota

    NBC North Dakota News has launched a new channel -- Me-TV North Dakota!  If you love the classics, Me-TV North Dakota has them.
    NBC North Dakota News has launched a new channel -- Me-TV North Dakota!  If you love the classics, Me-TV North Dakota has them.  Me-TV North Dakota will also play a replay on the Evening and Night Report at 11:30pm Monday-Friday.  As well as, local news and weather updates throughout the day.
  • On the Farm

    On the Farm

    CLICK HERE TO GO TO THE ON THE FARM PAGE!
    CLICK HERE TO GO TO THE ON THE FARM PAGE!
Powered by WorldNow
    Powered by WorldNow
    All content © Copyright 2000 - 2014 Worldnow and KFYR. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.