What to Do if You Get Audited by the IRS: Essential Tips
Learn how to handle IRS audits effectively with our expert tips on documentation and professional help.
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If you get audited, stay calm and review your records. The IRS will request specific documentation. Cooperate by providing accurate information and seeking help from a tax professional if needed. Prevention tip: Maintain organized and thorough financial records to simplify the process.
FAQs & Answers
- What should I do first if I'm being audited? Stay calm and begin by reviewing your financial records to gather the necessary documentation requested by the IRS.
- How can I prepare for a potential audit? Maintain organized and thorough financial records throughout the year to simplify the audit process if it occurs.
- Do I need a tax professional for my audit? It's advisable to seek help from a tax professional who can guide you through the audit process and ensure you provide accurate information.
- What types of documents does the IRS typically request during an audit? The IRS often requests documentation such as bank statements, receipts, tax returns, and proof of income to verify your financial information.