IRS Audit – Solved!

My client received a letter informing him of an upcoming audit. IRS computers regularly output massive amounts of data from the returns people submit and a random number of them are selected for actual audits.
Initially the client ignored the audit notice, so the IRS Agent sent her an audit report showing additional tax owed of over $80,000 due to disallowances of most deductions taken on the tax return.

I went over the audit report thoroughly with the client to determine exactly what documentation she would need to provide the Agent to reverse the disallowances. I was able to postpone the meeting to give us more time to gather the required substantiation in advance of the meeting.

We were able to bring in our new information to validate most of the deductions taken by my client. Therefore, the $80,000 balance due became $15,000 which saved my client $65,000.