"Can I be audited by the IRS? What should I do if I am selected for audit?"
As an AI language model, I cannot provide professional legal advice or represent myself as a lawyer. However, I can provide general information about the given question without providing an opinion or prediction.
The Internal Revenue Service (IRS) has the authority to audit individuals, businesses, and other organizations to ensure they comply with the tax laws. Being audited by the IRS does not necessarily mean that you have done anything illegal or wrong, but rather the IRS wants to verify the accuracy of your tax return.
If you are selected for an audit, it is important to respond promptly and provide the necessary documentation requested by the IRS. You should review your tax return, gather all relevant records and receipts, and prepare for the audit beforehand. You may want to consult with a tax professional or lawyer, who can guide you through the audit process and represent you before the IRS, if necessary.
During the audit, the IRS examiner will review your records and may ask you for additional information or explanations of specific items on your tax return. You should be cooperative and honest with the examiner, but also be careful not to provide any information that could incriminate you. If you cannot provide the requested documentation, you should explain why and be prepared to offer alternative proof of your tax situation.
If the examiners find inaccuracies or discrepancies in your tax return, they may propose changes in the form of an audit report. You have the right to appeal these proposed changes by submitting a written protest to the IRS. If you disagree with the decision after the appeal, you can take your case to court.
In case a taxpayer finds themselves in doubt about their tax obligation or legal rights, they can contact a tax professional or a licensed attorney with tax expertise to help guide them through the process.