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How to Execute an IRS Audit Reconsideration Request In case you’re audited by the IRS there are two possibilities for you: accept or contest the outcome of the IRS audit process. You have the option of requesting audit reconsideration if you’re rejecting the taxes the IRS claims you owe. In case your request is accepted, your audit with the IRS is revisited. While you consult an expert for assistance looking into the possibility of IRS audit reconsideration, here’s information to help you get your application right: Circumstances Under Which the IRS May Abate an Assessment When reconsideration of your IRS audit indicates particular circumstances to be true, the IRS the mandate to abate its assessment in full or part. For instance, when the amount that an assessment says you owe is in excess of the correct tax liability, correction is inevitable. 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. Likewise, expect no tax audit reconsideration in case the U.S Tax Court or another court has already delivered a final determination about your tax obligation.
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Preparing to Submit an IRS Audit Reconsideration Request Certain conditions should be addressed by a tax payer before they can submit their application to have their IRS assessment revisited. For starters, you must file returns for the subject tax year. Additionally, submit a copy of the assessment report if you have it. It’s also significant to set forth the alterations meant for revisiting. Never leave out a comprehensive memorandum pointing out the relevant facts and applicable regulations. While at it, you should know that audit reconsideration is not a question of legal right to the tax payer, but it’s granted completely at the discretion of the IRS. Your request should explain your stance and arguments based on the law without leaving out supporting evidence. The outcome of an audit reconsideration request may not be favorable when you’re not including sufficient evidence to back your position. Usually, the IRS postpones any collection processes once it has received an audit reconsideration application, although that’s not a legal obligation for the authority. File an application for the revisiting of your IRS assessment subsequent to exhaustion of other options, like filing a petition. The complete audit reconsideration files ought to be prepared and submitted in the same way as an Appeals notebook. As such, seek expert help when you’re requesting an IRS audit reconsideration to improve your chances.