Find Answers to Your Questions

Explore millions of answers from experts and enthusiasts.

What is an IRS Audit Reconsideration?

An IRS audit reconsideration is a process through which taxpayers can request the IRS to reevaluate the results of a previous audit. This initiative is essential for those who believe that the IRS has missed critical information that could significantly alter the outcome of their audit.

Reasons for Requesting Reconsideration

  • New Evidence: Taxpayers may have new documents or information that were not previously submitted during the audit.
  • Incorrect Information: If taxpayers believe that the IRS made mistakes in applying the law or understanding the facts, they can initiate reconsideration.
  • Procedural Errors: Claims that the audit process did not follow proper procedures can also be grounds for reconsideration.

How to Request Audit Reconsideration

  1. Gather all relevant documentation that supports your case.
  2. Complete Form 9465 to request a reconsideration.
  3. Submit the form along with your new evidence to the appropriate IRS office.

Considerations

It is important to understand that an audit reconsideration does not guarantee a favorable outcome. The IRS will review the new information carefully, and the process may take several months to complete. However, for individuals who have legitimate claims, it can be a crucial opportunity to correct past discrepancies in tax assessments.

Similar Questions:

What is an IRS audit reconsideration?
View Answer
How does IRS auditing process consider filing status?
View Answer
What is the IRS audit risk for freelancers?
View Answer
How does the IRS audit cryptocurrency transactions?
View Answer
What records should I keep for potential IRS audits on crypto?
View Answer
How do I prepare for an IRS audit regarding cryptocurrency?
View Answer