Audit program for taxes

The Audit Committee guides the program and ensures that it is responsive to member state needs. Over the last 5 years the MTC Audit program completed the equivalent of 1, state income and sales tax audits.

The average hours to complete an individual state audit over this period was This is a strong indication that a joint audit is very cost effective. For a more detailed description of the audit selection process, please see the following information:.

A single MTC audit takes the place of separate and duplicative audits by member states, and provides obvious economies of scale to the states. At the same time, it relieves the taxpayer of the burden of multiple ongoing audits. A joint audit is also a good way to achieve uniformity among states with similar laws and regulations in the treatment of income or transactions reviewed in a particular audit.

The Joint Audit Program helps states learn of any inconsistent reporting to different states by multistate taxpayers. Should your account be selected for audit, we will notify you by mail. The IRS manages audits either by mail or through an in-person interview to review your records. The interview may be at an IRS office office audit or at the taxpayer's home, place of business, or accountant's office field audit. Remember, you will be contacted initially by mail.

The IRS will provide all contact information and instructions in the letter you will receive. If we conduct your audit by mail, our letter will request additional information about certain items shown on the tax return such as income, expenses, and itemized deductions. If you have too many books or records to mail, you can request a face-to-face audit.

The IRS will provide contact information and instructions in the letter you receive. These guides will give you an idea of what to expect. The IRS will provide you with a written request for the specific documents we want to see.

The IRS accepts some electronic records that are produced by tax software. The IRS may request those in lieu of or in addition to other types of records. Contact your auditor to determine what we can accept. The law requires you to keep all records you used to prepare your tax return — for at least three years from the date the tax return was filed. For any delivery service you may use, always request confirmation that the IRS has received it.

For example, if you use the US Postal Service, you can request one of their additional services to ensure delivery confirmation. For audits conducted by mail - fax your written request to the number shown on the IRS letter you received. If you are unable to submit the request by fax, mail your request to the address shown on the IRS letter.

We can ordinarily grant you a one-time automatic day extension. We will contact you if we are unable to grant your extension request. You may continue to work with us to resolve your tax matter, but we cannot extend the time you have to petition the U.

Tax Court beyond the original 90 days. For audits conducted by in-person interview — If your audit is being conducted in person, contact the auditor assigned to your audit to request an extension. Generally, the IRS can include returns filed within the last three years in an audit. If we identify a substantial error, we may add additional years.