IRS Audit Reconsideration: A Guide to Getting Your Application Right In case you’re audited by the IRS there are two possibilities for you: accept or contest the outcome of the IRS audit process. There’s the provision for apply for audit reconsideration when you’re disputing the tax IRS says you owe. Your audit with the IRS is reviewed when your application is successful. While you consult an expert for assistance looking into the possibility of IRS audit reconsideration, here’s information to help you get your application right: Conditions for Which the IRS May Withdraw an Assessment The IRS is authorized to withdraw all or part of its assessment if certain conditions are found to be true after your audit has been revisited. For example, if the figure that the assessment claims you owe is more than the accurate tax liability, it has to be corrected. Another situation is if the evaluation was completed after the expiration of the duration of limitation that applies. If there was an error or illegality in the assessment, reprieve is also possible.
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Yet, the IRS will not carry out an audit reconsideration in case you’ve already signed a deal, agreeing to pay the amount owed, for example a closing agreement or offer in compromise. Also, no tax audit reconsideration may be forthcoming when the U.S. Tax Court or another court has declared a final ruling regarding your tax liability.
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Preparing to Submit an IRS Audit Reconsideration Request There are requirements that a tax payer should satisfy prior to submitting a request to have their IRS assessment reconsidered. Firstly, you need to file returns for the tax year in question. Additionally, submit a copy of the assessment report if you have it. It’s also crucial to point out the changes being sent for re-assessment. Don’t forget to include a memorandum detailing the relevant facts and laws that apply. While at it, you should know that audit reconsideration is not a question of legal right to the tax payer, but it’s granted completely at the discretion of the IRS. In the request, you must explain your position with arguments supported by the law and provide supporting facts. The implications following an audit reconsideration request may not turn out as anticipated without sufficient facts to back your claims. Usually, the IRS postpones any collection processes once it has received an audit reconsideration application, although that’s not a legal obligation for the authority. Send a request for the re-assessment of your IRS audit if other options, including filing a petition, are not viable. Your entire audit reconsideration filing must be prepared and presented in the exact style as an Appeals notebook. So, get professional help with the filing of an IRS audit reconsideration request to stand a better chance.