If you’ve recently gone through an IRS audit and feel the results were wrong, you might be wondering what options are available. One option is an IRS audit reconsideration, which could help correct mistakes or reopen your case. Let’s explore what this process involves, why it’s important, and how it could impact your tax situation.
What is an IRS audit reconsideration?
An IRS audit reconsideration happens when you request the IRS to review and potentially change the outcome of a previous audit. This process starts if you believe the IRS made an error, missed key information, or overlooked certain evidence during the original audit. Essentially, it allows you to reopen your case after the final audit decision has been made.
When can you request an audit reconsideration?
You can request an IRS audit reconsideration if you didn’t agree with the results and believe there’s a valid reason to dispute them. This could happen if the IRS didn’t take your documents into account, if there were discrepancies in your return, or if you missed the initial opportunity to appeal. It’s also an option if you didn’t respond to the IRS’s original notices or if you can provide new evidence.
How to request an audit reconsideration?
To start the reconsideration process, submit a written request to the IRS. This should include the following:
- A statement explaining why you believe the audit results are incorrect.
- Any new information or documents that weren’t previously considered
- A copy of your tax return and the audit report.
The IRS will review your request, but expect the process to take months.
What happens during the reconsideration process?
Once the IRS receives your request, they will review the original audit and the new evidence you provide. If they determine they made an error, they may adjust your taxes or refund money if you overpaid. However, if the IRS upholds the original decision, you can still appeal the outcome in tax court.
If the reconsideration is successful, the IRS will issue a notice of adjustment to your account.
In certain situations, an audit reconsideration could lead to a more favorable outcome, so it’s worth exploring if you think the audit was handled incorrectly.