As an American citizen, you’re always in fear of making a mathematical error when you're filing your taxes unless you’ve got a professional doing it for you. This feeling of fear can become a lot stronger when the Internal Revenue Service (IRS) sends you a piece of mail stating that you’re going to be audited. Luckily, knowing how an audit works and the steps you need to take during the audit can help you relieve some of that fear very quickly. The Different Types of Audits While there are quite a few types of audits that the IRS conducts, the most common three that you should expect are the correspondence audit, office audit, and line-by-line audit. Correspondence Audit: This audit … [Read more...]