December 16, 2011
Duluth GA/Gwinnett/Forsyth/Alpharetta CPA…Know Your Rights: The Audit Reconsideration Process
An Audit Reconsideration process was set up to help taxpayers if you disagree with the results of : • An IRS Tax Assessment resulting from a change due to an IRS audit of the tax return. • A Return prepared by the IRS because you did not file a return as required per IRS tax Code.
The IRS Audit Reconsideration process is intended to be an informal way to address open tax monies arising out of the above circumstances. If you are paying the tax in full you will need to file a formal claim (IRS Form 1040X/Amended U.S. Individual Income Tax Return).
The IRS will accept an Audit Reconsideration request if: • You forward information that the IRS did not previously evaluate and consider that might change the amount of tax due the IRS/refund due. • You file a return after the IRS completes a tax return for you, based upon information they have (frequently these are in error as the IRS does now have at their disposal all of your personal tax information (i.e., property taxes on cars, property given to charities, business income and loss, original purchase price and date of stock sales). • You believe there is an error in the determination of your tax as calculated by the IRS. • The amount due is still open or any applicable credits have not been accepted/processed.
The IRS will not accept and Audit Reconsideration if: • You previously agreed in writing to pay the amount of tax by signing a Closing Agreement/IRS Form 906, a IRS Form 1040X/Amended U.S. Individual Income Tax Returnor IRS Form 870-AD with the IRS Appeals Office. • The determined tax owed came from a final partnership return under the 1982Tax Equity Fiscal Responsibility Act. • U.S. Tax Court, or another duly authorized court, issued a final determination on the amount owed.
To start the process you must: • File a Return • Send written notice to the IRS detailing the changes you desire the IRS to consider. • Any New Documentation that supports your position along with a copy of your Examination Report/Form 4549.
- Atlanta CPA: Using the Internal Revenue Service Tax Advocate Office
- Atlanta CPA Shows How to Resolve IRS Back Tax Issues
- Completing IRS Form W-4 and Worksheets & Georgia Form W-4
- Setting up IRS Installment Agreements
- Opening a Roth Individual Retirement Account (Roth Ira)