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  • Dallas Tax Attorney
  • Dallas Tax Attorney
  • Dallas Tax Attorney
  • Dallas Tax Attorney
  • Dallas Tax Attorney

Every year, taxpayers are required to file a tax return. Your tax return reports to the IRS what your income was for the previous year, and sets forth your own calculation of the taxes you owe. This self-made calculation of your taxes is called “self-assessment.”

As inconvenient as it is for all of us to have to file a tax return year in and year out, taking precious time out of our already busy days, the IRS is actually giving us an opportunity by allowing us to file our own returns. The reason for this is because we get to tell the IRS how much we think our tax bill should be, and it is the IRS’s burden to prove otherwise. This self-assessment income tax system is drastically better than alternative systems, like the property tax system, in which our local government appraises our homes without our permission, and as a result assesses additional property taxes. Under this type of system, the burden falls on the homeowner to prove the local government was wrong in its assessment. We’d much rather self-assess our property taxes if we were given the opportunity.

Nevertheless, the self-assessment income tax system of the IRS comes with one major caveat: the IRS is not required to agree with your self-assessment. When the IRS does not agree with your assessment, the IRS may choose to conduct what is called an audit, or as the IRS refers to it, an “examination.”

There are three types of audits the IRS can conduct:

  • Correspondence Audit: This is the most common type of audit, comprising around 80% of all IRS audits. In this type of audit, the IRS will send you a certified letter notifying you of the audit, and request additional information from you to determine if your tax return was accurate. It is called a Correspondence Audit simply because the audit is conducted via correspondence – meaning, through the mail or phone. You never have to meet the auditor in person, and you will typically not have to speak to them over the phone if you don’t want to.
  • Office Audit: In this audit, you will be notified in a similar way as the Correspondence Audit, via mail. But unfortunately, you will be required to go to your local Dallas IRS office and be audited in person. Luckily, you can send a representative in your place.
  • Field Audit: Again, you will be notified of the Audit by mail, but this time the IRS agent will come to your home or business. The IRS may choose this type of audit if, among other reasons, it believes you are hiding assets, and will visit your home or business to look for visual evidence.

None of the audits should be taken lightly, and you need to be prepared. Fortunately, you have the right to legal representation for any of the audit types. A Dallas tax attorney from Margolies Law Office can represent you during your audit, alleviating much stress and headache. Also, there is a good chance you will get a better result by hiring an Audit Attorney than would otherwise result by handling the audit yourself.

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