Did you know that most real “audits” are done without us knowing it; and most are completely random? If your return is chosen, an IRS agent manually looks at it and makes a decision as to whether they need more information. If they do send a letter, it’s usually what’s called a “line item” audit. In that case, they just want to verify the accuracy of an entry. Pretty simple - just make sure to respond timely and follow instructions. But before you do, check out the resources below so you fully understand what your letter means and the action you need to take, if any.
Pro Tip: Always verify letters you receive from the IRS or state taxing authorities are legit before taking action.
If you need tax advice or have questions that aren't answered in the links above, please ask in our Taxes forum that best fits your needs!