Do I have to sign an extension to an IRS audit?
I am in the middle of an IRS audit and the auditor is new to auditing and does not have time to finish the audit before their original deadline. He asked me to sign an extension of time for the audit, but I am not sure if I should. If I do not sign the extension,what are the consequences and/or benefits? Thanks.
Answered By: Steven J. Fromm
If you do not file the extension and you are close to the statute of limitations deadline, the auditor may send you a 90 day letter that will land you in United States Tax Court. Whether to sign an extension should be discussed with your tax accountant or a tax attorney.
Answer Applies to: Pennsylvania
Replied: 8/21/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answer Applies to: Pennsylvania
Replied: 8/21/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answered By: David Hoines Law
If you don’t the auditor will probably assess you back taxes to protect the statute of limitations.
Answer Applies to: Florida
Replied: 8/12/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answer Applies to: Florida
Replied: 8/12/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answered By: Givner & Kaye
You do not have to sign an audit. We never agree to sign extensions. Why? Because that will give the auditor additional time to beef up the file and, if it is obvious that the matter is going to go disagreed at audit, you don't want to give the auditor any more of your (i) facts or to (ii) arguments. You would prefer to keep both for use at the Appeals division. If you have no new facts and no new arguments, then it makes it difficult for the Appeals officer to rule in your favor.
Answer Applies to: California
Replied: 8/8/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answer Applies to: California
Replied: 8/8/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answered By: The Schreiber Law Firm
The consequence is they do an immediate assessment.
Answer Applies to: California
Replied: 8/8/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
Answer Applies to: California
Replied: 8/8/2011
Disclaimer: The response above does not form an attorney-client relationship. This answer may or may not apply to you and should not be relied upon as legal advice. LawQA does not make any representation as to the expertise or qualifications of this attorney. This attorney may or may not be admitted to state bar of your state.
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