What should I expect during a tax audit?

What should I expect during a tax audit?

During a tax audit, you can expect the IRS or tax authority to review your financial records to ensure accuracy.

How long does a tax audit usually take?

The duration of a tax audit can vary, but it typically takes a few weeks to several months, depending on complexity.

What documents do I need to prepare for the audit?

You'll need to gather your tax returns, receipts, bank statements, and any other relevant financial documents.

Can I represent myself during the audit?

Yes, you can represent yourself, but many people choose to hire a tax professional for assistance.

What happens if I disagree with the audit findings?

If you disagree, you can appeal the findings or request a meeting to discuss your concerns with the auditor.