IRS audits are every taxpayer’s worst nightmare. Many taxpayers in El Paso are concerned about how long they need to worry about an audit. They may also worry about how far back the Internal Revenue Service can go. Clifford, Ross, Raudenbush & Cooper, LLC can help you to determine how far back the IRS can go and we can assist you during the process of an audit if you are targeted by the IRS.
How Far Back Can IRS Audits Go?
The Internal Revenue Service describes an audit as a review of an individual or a corporation’s accounts. The IRS will generally go back around three years when it conducts an audit. However, if the IRS identifies a substantial error, the audit can go back further. In these cases, the audit will typically go back for a maximum of six years. While the IRS can go back this far, however, the IRS typically tries to conduct audits as soon as it can.
The IRS will usually look at taxes within the last two years. Additionally, the IRS may ask you to extend the statute of limitations for assessment taxes. You don’t have to do this, but it can give you more time to provide data. You should get help making decisions during IRS audits so you can make informed choices about the best way to limit your tax liability. It is important to find the aid you require if IRS audits are bringing you much stress.
Getting Help with IRS Audits
Clifford, Ross, Raudenbush & Cooper, LLC will help you throughout IRS audits. We can assist in gathering paperwork and presenting it to the IRS. We may also aid you in making decisions about how to respond to IRS requests. Contact Clifford, Ross, Raudenbush & Cooper, LLC today and let’s take care of your IRS audit together!