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The words IRS audit have long struck fear into the hearts of American taxpayers. The Australian Taxation Office (ATO) is gearing up for another tax crackdown to coincide with the end of the financial year. For those things you can control, however, I reached out to our friendly neighbors . Jump to How long does it take to complete an audit ? Some go one step further and say you should even file for extensions as most returns are already selected for auditing in a given tax year by the latest extension . The myths about who or who does not get audited —and why—run the gamut.

Audits generally always happen two years after you file,” Zinman said. It depends on the type of audit , of which there are four kinds. Correspondence audits are ones in which you get a notice asking you to send in documentation . Getting an IRS Audit is something no individual, or business owner ever wants to go through.

It is time intensive, headache inducing, resource consuming, . Tax audits often happen years after the return in question was filed. That can make for a messy situation. Learn How to Sail Through an Audit With Flying Colors. If adjustments are require these will be discussed with you and you will also be notified in writing. If discrepancies are identified in your control . What Happens When You . But there are some situations that do make an audit more . Your odds of facing an IRS audit are low.

But here are things to know if you do get audited. Can You Go to Jail for an IRS Audit ? An audit by the IRS is one of the greatest fears of every American taxpayer. If errors were made and you have been audited , call Sheppard Law office today. Many people become anxious and confused when facing an IRS audit. If an IRS audit happens to you we have the IRS . By the time you file multiple income tax returns, you may start to wonder what would happen if the IRS audited an old return.

Could you find your information? The IRS reserves the right to go back as far as six . If not, you can file a tax appeal or lodge a protest with the tax office that conducted the audit. You have days to do this. If you get a Notice of .