Category Archives: Audits
Demystifying Form 4549: A Comprehensive Guide to Understanding Your IRS Audit Report
Form 4549, officially known as the "Income Tax Examination Changes" form, is issued by the IRS following an audit. If you get one, it means the IRS is questioning your return. Let's get into the form and what it means.Demystifying Form 4549: A Comprehensive Guide…
The Art of Audit Reconsideration: Turning the Tables on Your IRS Audit
An IRS audit is something we all dread, especially when it comes with unexpected tax assessments. Audit reconsideration is all about finding a strategic opportunity to challenge the IRS's findings and potentially reduce or eliminate those additional tax liabilities. You'll want an experienced tax defense…
Navigating AUR Pitfalls: How to Avoid Common Errors and Mistakes
The IRS Automated Underreporter (AUR) system is designed to compare taxpayer income reports with third-party data, and it often uncovers discrepancies that lead to AUR notices. These notices are, of course, very useful to the IRS in ensuring compliance, but they can also be a…
Effective Strategies for Responding to AUR notices: Taking the right Action
Few things are more alarming than getting any kind of notice from the IRS, and an AUR (Automated Underreporter) notice is one of the worst. You should not put off responding, but what's the right AUR notice action to take? A tax defense lawyer can…
AUR (Automated Under reporter)
Underreported income continues to be a focus for the IRS, with some studies suggesting that the average American underreports their income by 4-5%. Although randomized audits and field investigations are still common, the IRS also uses sophisticated technology to tackle the problem. The Automated Underreporter…
Navigating CP2501 Notices: What You Need To Know
If you’ve ever received a CP2501 letter from the IRS and wondered why, read on. It’s not just any letter; it’s an invitation to explore discrepancies they’ve noticed. This might sound like navigating through a maze blindfolded but don’t worry. We’ll walk through this together,…
You Received An Audit Notice, So How Soon Should You Hire A Tax Audit Attorney?
Received an IRS Audit Notice? How a Tax Lawyer Can Guide You For an American, few phrases inspire instant anxiety quite as effectively as “IRS audit“. The popular notion of an audit is that of an unsmiling, robot-likeIRS auditorturning your life or business upside-down, looking…
Can a Tax Attorney Negotiate a Settlement with the IRS on My Behalf?
We all know what Benjamin Franklin said about the certainty of taxes, but sometimes that certainty can fall by the wayside in the busyness of life. This can lead to complications later down the line and stir up issues with the IRS. If you've accrued…
Form 4549 IRS Audit Reconsideration: The Full Guide
Key Takeaways: 1. Act Promptly and Decisively: Upon receiving Form 4549, indicating IRS audit adjustments, it is imperative to respond swiftly to request reconsideration, providing compelling evidence or documentation to counter the proposed changes. 2. Comprehensive Documentation is Key: Successfully contesting an IRS audit decision…
Underreported Income To The IRS? Here’s 4 Simple Steps To Take
Key Takeaways: Under reported income includes any earnings subject to tax that are left off of a tax return The largest portion of the tax gap tracked by the IRS is made up of underreported income Taxpayers may underreport income due to a desire to…
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