The Irs wants to do an examination of my 2004 federal
what to expect?
2007-07-27 06:06:29 · 5 answers · asked by dragonness36 2 in Business & Finance ➔ Taxes ➔ United States
An exam tests you, an audit inspects you.
You'll want to be ready to explain/justify everything they question.
2007-07-27 06:10:17 · answer #1 · answered by Zeera 7 · 0⤊ 1⤋
There is no difference. An examination IS an audit. There's something about your tax return that flagged and an agent looked it over and doesn't think everything's in order.
Be prepared with legitimate receipts for everything you claimed as deductions. If you can't prove the deductions, you will end up owing more taxes than you thought you did.
2007-07-28 19:34:30 · answer #2 · answered by Let me steer you 7 · 0⤊ 0⤋
People talk through their hats. The IRS has not called their income tax examinations "audits" in years. They probably have listed the items that they are interested in. If there is a lot at stake, hire a CPA or enrolled agent to handle it and be far away.
2007-07-27 09:34:35 · answer #3 · answered by mattapan26 7 · 1⤊ 0⤋
Examination is slightly better than an audit.
Usually there is a red flag that they have they want more information about. Usually its some form of deduction they are questioning. Get all th supporting paperwork from your filing, and set up a date. It is usually better to meet them at their office than in your home.
2007-07-27 06:11:24 · answer #4 · answered by patrick 6 · 1⤊ 1⤋
exam is just questions and for documents like receipts, explanations, etc
I suggest you are very polite and very available
these IRS people are regular people who like to be treated with respect,
-----if you smart mouth them they will grab all your accounts and make your life MISERABLE
2007-07-27 06:11:00 · answer #5 · answered by god knows and sees else Yahoo 6 · 0⤊ 2⤋