Types of Audit
There are three main types of audit that the
IRS conducts. Some types of audit result from simple mistakes
on the taxpayer's behalf. Below are the types of audit that you
are likely to come across when studying the IRS audit process.
Knowing about different types of audit will give you the
confidence that you need to deal with the IRS in an audit.
The letter audit is also
called the correspondence audit. It is the most
common type of IRS audit and is the most
friendly. Basically, if you have made a mistake
that has a tax implication on your tax return,
you will likely get the letter audit from the
IRS. The IRS may say that you now owe less or
may say that you now owe more.
audit is more serious than a letter audit (aka
correspondence audit). A taxpayer will get to meet with the IRS
auditor face to face in an office audit.
A field audit is by far the most serious of
all types of IRS audits. A field audit is when the IRS auditor
visits a home or a business to do the audit.