An IRS Audit (Part VII) How long does an audit take? The length varies depending on the type of audit; the complexity of the issues; the availability of information requested; the availability of both parties for scheduling meetings; and your agreement or disagreement with the findings. What are my rights? Publication 1, Your Rights as…

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An IRS Audit (Part VI) How far back can the IRS go to audit my return? Generally, the IRS can include returns filed within the last three years in an audit. If they identify a substantial error, they may add additional years. The IRS usually does not go back more than the last six years.…

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An IRS Audit (Part V) How do I know if the IRS received my response? For any delivery service you may use, always request confirmation that the IRS has received it. For example, if you use the US Postal Service, you can request one of their additional services to ensure delivery confirmation. What if I…

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An IRS Audit (Part IV) Examples of records the IRS might request in an Audit (cont.) Loan agreements – Include a copy of the original loan with the following: Names of the borrowers Location of the property Financial institution making the loan Amount borrowed Terms (the number of months to pay) Settlement sheet If the…

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