IRS Audits

An IRS audit is a review of your financial information by the Internal Revenue Service to ensure your tax return is accurate and complies with tax laws. It can involve examining your income, expenses, deductions, and supporting documents. Audits may be selected randomly or due to specific red flags like large deductions or inconsistent reporting. The process can be conducted through mail correspondence or in person. Being prepared with organized records and honest communication helps ensure the audit process goes smoothly. Ultimately, the goal of an audit is to confirm that the correct amount of tax has been paid.