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 Field Audited by 2022-2024

Puerto Rico Corporation Income Tax Return 2022-2024 Form

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hello and welcome to another episode of tax law guy today we're going to be talking about irs audits and i have three practical steps for you on how to handle an irs audit so let's say you go out to get the mail and there is that letter from the irs the the the all too familiar logo and congratulations you won the lottery not the lottery you wanted to but the irs audit lottery and so let's talk about irs tax audits [Music] all right so if you're audited you're actually in a pretty exclusive group roughly one out of every 400 returns uh results in an audit so it's a pretty rare group so when you get that letter and it's time for an irs audit there's three practical things that you can do on how to handle that the first is understand the uh the depth of the audit so what what exactly uh what kind of audit is it is it a correspondence audit uh where they're asking for specific documents uh and so that's the the typical mailed audits okay where they are going to send it to you by mail they

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