If you disagree with the results of an IRS audit, you might have the option to initiate the process known as an audit reconsideration. In all likelihood, you will still be responsible for some or all of the taxes the IRS has concluded that you must pay. However, by going through the reconsideration process, there is a chance that the amount of taxes you owe can be reduced – or the payment method and timetable can be adjusted in order to help you bear the burden.

A Tampa CPA from Reliance Consulting, LLC, can provide advice about whether audit reconsideration is a wise course of action. There are specific circumstances that make an audited taxpayer eligible for reconsideration. You can request reconsideration if:

• You disagree with the audit assessment
• You failed to appear for your audit
• You failed to receive correspondence from the IRS because of a move
• Additional information has been uncovered since the audit

Keep in mind that not every request for audit reconsideration is granted by the IRS. You must have verifiable documentation supporting your assertion that something was incorrect on the audit. In addition, the request may be accepted if you provide information previously unavailable; you file a return after the IRS filed one for you; or you believe the IRS made a math mistake or processing error in assessing your tax owed. The formal process of requesting an audit reconsideration can be a challenge in itself, so it pays to seek professional help from a CPA from Reliance.

If you are concerned at all about the potential for being audited, let an experienced CPA from Reliance handle your tax planning and preparation. This is the most effective way to avoid the need to ever request an audit reconsideration. To learn more, or for a free financial health checkup, contact Reliance today.