Nobody wants to be audited by the IRS. An audit occurs when the IRS claims you have misrepresented your income. The IRS believes they have credible evidence that proves you made more money than you reported on your tax return, and thus owe money to the IRS. If you filed taxes on your own, then you may be fully responsible for getting an answer to the IRS. However, if you used an accountant or other arbitrage compliance specialists to assist you in your calculations, then you may be able to appeal to them for help. There are many software programs available these days that people use when they file their taxes. At the end of your tax return, most of these programs have a process that they go through that they call their audit check. The software scans through all the information you input into your tax return to determine the probability that the IRS will ever audit you. For average American citizens who earn W-2 wages only, the probability is low that you will ever be audited by the IRS. The more complicated your tax situation becomes, the more likely it is that you will be audited. As you add more forms and sources of income, the IRS becomes more curious whether or not you are hiding something. The IRS will send a request for you to prove everything you reported on your tax return. You are responsible for keeping a record of the receipts and other documentation showing how you came up with the numbers on your return. If you used an accountant or arbitrage compliance specialists to assist you with your calculations, then you may be able to request information from them. Chances are they keep their own records just in case the IRS comes knocking on your door. Arbitrage Compliance Specialists, Inc. (http://www.rebatebyacs.com/) has grown to be the largest arbitrage rebate providers in the nation, with over 25 years of arbitrage rebate experience. For more info about arbitrage compliance specialists visit us.
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