IRS Notice Audit Letter 3572 | Understanding IRS Audit Letter 3572

IRS Notice Audit Letter 3572 - Audit Notice

The IRS uses Letter 3572 to inform you of an audit. They want to ask you questions in your home, office or the IRS office. An audit is a serious matter with potential devastating consequences and profession representation is advisable. Letter 3572 will provide you with the Agent’s contact information.

The notice will request contact “within 10 days” to set an initial interview. This may be delayed by up to 30 days.

The IRS may outline the issues at the bottom of Letter 3572 but more likely issue Form 4564 or Form 886A to inform you of requested information.

Warning: Over 50% of the referrals that the Criminal Investigation Division (CID) receives, come from Revenue Agent as part of the audit process.

Would you voluntarily get in the ring with Mike Tyson. Why? Because you would likely feel TOTALLY unprepared and consider it DANGEROUS! Make sure you understand what you are getting yourself in for.

It is important to obtain representation during this process.

Know Up To 6 Months in Advance That You Are Going to be Audited, With Audit Alarm Real-Time Monitoring

Income Issues: The IRS will determine your income by reviewing the Wage & Income Transcripts, your bank records & your lifestyle. You should get the Wage & Income Transcripts from the IRS Agent or by calling 1-800-829-1040 so you can compare them with your records.

The IRS will declare all deposits into bank or other accounts to be income unless you can prove otherwise.

By reviewing your assets & purchases the IRS will estimate if the income you reported compares to your lifestyle.

Deduction Issues: The IRS Agents often deny deductions because the evidence is insufficient, is poorly organized or lacks substantiation. Each item being questioned on your return has its own unique legal evidence requirements – more than just a few receipts or cancelled checks or even an accounting software program. You must produce titles, insurance policies, purchase & transaction records, license information, employment records, etc. to prove your case. Each issue requires its own unique approach.

Lost Documents: If you didn’t keep your records or the records are lost or unavailable we can still re-create your case. Unless you dealt solely in cash, bank records & credit card records can be obtained. Even if you used a lot of cash, we can get affidavits or use industry standards to arrive at a reasonable figure.

What is my first step?

If you received a letter or notice, a decision has to be made. Do you feel confident to handle this situation on your own? If it is a simple issue and you already know the answer, call or write them. If the issue is more complicated, you need to hire a Certified Tax Resolution Specialist. The IRS or State will take full advantage of your lack of knowledge and experience.

What is Your Next Step?

The next step is to determine if the notice was sent in error. Do you have an outstanding tax liability? Do you have unfiled or incomplete returns?

Is There a Time Limit?

Yes, each letter or notice from the IRS or State will indicate a date that you MUST to contact them by. If you need more time, call the number on the notice or letter and request an extension. DO NOT ALLOW the time to expire without contacting them or hiring a representative to contact them for you.

What You Don’t Want to Do!

What you don’t want to do is nothing. Your tax problems will only get worse if you ignore them. If you cannot pay, there are a number of potential solutions available to those who are otherwise in compliance. In compliance means having all tax returns filed and any balances paid or on a payment plan. If you have outstanding debts or unfiled returns, you need to get hire a Certified Tax Resolution Specialist.

Get Some Help

If you don’t know how to address the issue(s), have unfiled return/unpaid balances or just done feel confident, let the experts at Legacy Tax & Resolution Services represent you. Work with our team of Certified Tax Resolution Specialists to resolve your issue(s) quickly. Best of all, you don’t have to talk to the IRS or State; we can speak on your behalf.

Stop the stress and resolve your problems Call 800-829-7483 TODAY