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How to Execute an IRS Audit Reconsideration Request

When you get audited by the IRS, you face two options: to accept or challenge the results of the IRS audit process. You have the option of requesting audit reconsideration if you’re rejecting the taxes the IRS claims you owe. Your audit with the IRS is reviewed when your application is successful. 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:

Conditions for Which the IRS May Withdraw 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 example, if the figure that the assessment claims you owe is more than the accurate tax liability, it has to be corrected. Another situation is if the evaluation was completed after the expiration of the duration of limitation that applies. In case of a mistake or illegality in the audit, you may be granted reprieve too.
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Yet, the IRS will not carry out an audit reconsideration in case you’ve already signed a deal, agreeing to pay the amount owed, for example 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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Prerequisites for Sending an IRS Audit Reconsideration Application

There are requirements that a tax payer should satisfy prior to submitting a request to have their IRS assessment reconsidered. First thing is to submit returns for the tax period in question. Additionally, submit a copy of the assessment report if you have it. It’s also crucial to point out the changes being sent for re-assessment. Never leave out a comprehensive memorandum pointing out the relevant facts and applicable regulations.

As you proceed, just know that audit reconsideration is not a legally guaranteed right to the tax payer, rather, it’s accepted totally at the discretion of the tax authority. In your application, you must give your position on the basis of the law while providing relevant evidence. The outcome of an audit reconsideration request may not be favorable when you’re not including sufficient evidence to back your position. 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.

File an application for the revisiting of your IRS assessment subsequent to exhaustion of other options, like filing a petition. Your entire audit reconsideration filing must be prepared and presented in the exact style as an Appeals notebook.

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