In Pursuit of Profit
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Source: Internal Revenue Service Data Book, 2017
- Publication 55B - Washington, DC - March 2018
Once your organization has been selected, an experienced auditor will review the return. They may accept it; or if the auditor notes something questionable, they will identify the items noted and forward the return for assignment to an examining group.
The IRS enforces the tax law in a number of ways; the more common methods include correspondence (examination by mail) and field (face-to-face audit) examinations. This section provides information about examinations of most types of tax returns such as income tax, estate and gift tax, employment tax, and excise tax. Information is also provided about examinations of tax-exempt organizations.
Does reviewing the selection process for an audit by the IRS a cause for concern? If so, one of the many services we provide for businesses is preparation of tax information for tax compliance and tax planning. Please contact Eric Moore here.