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Types of Tax Audits

A tax audit is an examination of your tax return by the IRS to verify that your income and deductions are correct. A financial audit is very common among all the types. During a financial audit, the auditor analyzes the fairness and accuracy of the business' financial statements. Here is the 4 types of Tax Audits which help you to understand it very well. To get more information about Tax Audit & Tax Audit Due Date, do check out Tax Guru.

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Types of Tax Audits

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  1. TYPESOFTAX AUDITS CORRESPONDENCE AUDIT It refers to the IRS request of additional information to verify the accuracy or details of your tax return. OFFICE AUDIT An office audit refers to the in-person interview with an IRS manager to process your audit. FIELD AUDIT This is the most serious type of audit because the IRS agents will visit you at home or business. RANDOM AUDIT The IRS auditor will review the entire tax return to make sure the information was entered correctly. Togetmoreinformationabout & taxduedate justgotoTaxGuru. tax audit WWW.TAXGURU.IN

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