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The Right Way to Handle Your IRS Audit Reconsideration Application

When you get audited by the IRS, you face two options: to accept or challenge the results of the IRS audit process. You’re allowed to seek audit reconsideration when disagreeing with the taxes the IRS asserts you owe. Should your request be granted, your audit with the IRS gets reopened. As you seek professional help with handling an IRS audit reconsideration request, here are insights to help you get it right:

Conditions for Which the IRS May Withdraw an Assessment

If a review of your IRS audit reveals specific conditions to be true, the IRS has authority to cancel part or all of its assessment. A case in point is when the tax that an evaluation claims you owe exceeds the right tax obligation, in which case, correction is mandatory. Another condition is when the assessment is completed past the expiration of the limitation period that applies. In case of a mistake or illegality in the audit, you may be granted reprieve too.
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But the IRS won’t do an audit reconsideration when you’ve already signed an agreement undertaking to pay the tax owed, such as a closing agreement or offer in compromise. Similarly, there will be no tax audit review when the U.S Tax Court or another court has already reached a conclusive determination regarding the taxes you owe.
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Requirements for Requesting an IRS Audit Reconsideration

There are requirements that a tax payer should satisfy prior to submitting a request to have their IRS assessment reconsidered. For starters, you must file returns for the subject tax year. And if you have a copy of the audit report, submit it too. Equally important, include the changes you’re submitting for reconsideration. Always provide a detailed memorandum specifying the pertinent facts and applicable laws.

While you’re at it, appreciate that audit reconsideration is not a matter of the tax payer’s legal right, but a request is honored totally at the IRS’s discretion. 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. Normally, the IRS hold ups any collection activity after it has received an audit reconsideration request, although it does not have to do this under the law.

Submit an application for the review of your IRS audit after you’ve exhausted your other options, including filing a petition. The whole audit reconsideration package should be prepared and delivered in the exact form as an Appeals notebook.

So, get professional help with the filing of an IRS audit reconsideration request to stand a better chance.