Surviving an IRS Audit: What You Need to Know | The Startup Magazine


Finding out that you are going to be audited by the IRS can be a little bit scary. However, with the right preparation, anyone can get through it. Here’s what you need to know to survive your IRS audit.

Don’t Ignore The Notice

Once you receive your IRS audit notice, you will usually have 30 days to respond to it; the precise time period will be specified in the notice. You should never ignore any correspondence from the IRS, claiming to not have received the letter won’t hold water in a courtroom. You can’t simply feign ignorance on the basis of not having received the letter.

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