When Does Audit Reconsideration Make Sense?
We understand the frustration of facing an audit and the consequences that could come with it. That’s why we employ a sophisticated approach to help you seek audit reconsideration. This process involves filing a request with the IRS to re-examine a previously assessed tax liability. We work diligently to gather new and compelling evidence to support your case and present it persuasively to the IRS. Our ultimate goal is to achieve a fair resolution and help you move forward with confidence.
When To Request An Audit Reconsideration
If you receive a notice of tax deficiency or an IRS audit assessment that you disagree with, you may have the option to request an audit reconsideration. Audit reconsideration is a process that allows taxpayers to dispute the accuracy of an audit report and request a new audit or reassessment of their tax liability. You may be eligible for audit reconsideration if you can provide new information or evidence that the IRS did not consider during the original audit.
When You Can’t Request An Audit Reconsideration
You cannot request an audit reconsideration if you have already gone through the appeals process or paid the full amount of taxes owed due to the audit.
How to Request an Audit Reconsideration
To request an audit reconsideration, you must submit Form 1040X, Amended U.S. Individual Income Tax Return, along with any supporting documents that back up your claim. You must do this within three years from filing the original return or two years from when you paid the tax, whichever is later.
If you believe you are eligible for audit reconsideration, you must file a formal request with the IRS. The request must include a statement of the reasons why you disagree with the original audit results and any new information or evidence you wish to present. You should also include copies of any supporting documents not previously provided to the IRS.
What Happens In An Audit Reconsideration?
After receiving your request for audit reconsideration, the IRS will review your tax account and any new information or evidence you provided. If the IRS determines that your request is valid, they will schedule a new audit or reassessment of your tax liability. During this process, you can provide additional evidence and arguments to support your position.
If the IRS agrees with your position, they will adjust your tax liability accordingly. If they disagree, you may be able to appeal the decision or take other legal action. Working with an experienced tax attorney throughout the audit reconsideration process is essential to ensure the protection of your rights.
Get Started With A Case Evaluation
At Goldburd McCone LLP, our team of experienced tax attorneys is dedicated to providing sophisticated, professional, and intelligent advocacy to small to medium-sized businesses and nonprofits across the country.
With decades of legal experience, we are skilled in all aspects of tax law. We are committed to providing creative solutions to your tax issues. If you are considering an audit reconsideration or have any other tax-related questions or concerns, contact us today for a case evaluation. We are here to help you achieve your tax goals and protect your rights. Call 212-235-1817 or toll-free at 866-712-9505, or fill out our contact form to make an appointment.