What to Do if You Get Audited by the IRS
If you’ve just been audited by the Internal Revenue Service (IRS), the first thing you need to do is to remain calm. The IRS entity can be quite intimidating. However, what you need to understand is that they’re just a bill collector looking for you to pay what is owed to them. The big difference is that the IRS is a federal entity. This means that they have the authority to take extreme measures if you neglect your taxpaying responsibilities.
So what exactly do you do if the IRS audits you?
First of all, you need to make sure that it’s a legitimate claim. There are far too many scammers posing as IRS agents trying to get someone’s social security number.
Confirm and Protect Your Social Security Number
A social security number is the absolute worst piece of information that can be compromised. The social security number serves as your official identification as a United States citizen. With this number, you can apply for multiple lines of credit that will allow you to purchase cars, homes, and take out loans. This is a piece of information that you definitely want to keep secure and why you need to call the IRS’ official number to verify the claim is legit.
Here’s a list of official IRS numbers to call:
- Individual Taxpayer: 1-800-829-1040
- For Businesses: 1-800-829-4933
For more phone numbers on specific tax issues, visit our website here.
Once you have verified that the claim is legit, then you’ll need to provide whatever documents the IRS is asking of you. This could mean gathering your tax information for a certain year in question, or it might mean gathering tax information from the past 3-5 years, possibly even 7. This is all contingent on how severe the matter in question is, and how much money the IRS claims you owe.
In addition to collecting your tax documents, you’ll also need to gather your financial records. This means getting documentation that tracks all of your personal income as well as your expenses. This task might not be as difficult as it used to be now that everything is computerized and most transactions are done through debt and credit cards. You’ll be able to get this information through your bank.
And Now, You Wait…
Once you have complied with the IRS and given them the information they need, the next step is just waiting for them to verify that you owe what they claim you owe. One thing to remember is that the IRS does not work for you. So you would do well to hire tax professionals who will.
Success Tax Relief has over 30 years of experience communicating with the IRS on our client’s behalf helping them alleviate their tax debt. We have a competent staff of tax lawyers, CPAs, and tax accountants to manage your case and keep you informed every step of the way. Call us today if you need help with your audit at 877-825-1179 or contact us online.