Overview
An IRS examination (audit) is a review of your tax returns and records to verify accuracy and compliance. Proper preparation reduces stress, shortens the review, and often limits additional tax, penalties, and interest (IRS Publication 556: Examination of Returns, Appeal Rights, and Claims for Refund, https://www.irs.gov/pub/irs-pdf/p556.pdf).
Quick checklist (first 48–72 hours)
- Read the IRS notice carefully and note deadlines. The IRS initiates contact by mail—never by unscheduled phone calls demanding payment.
- Don’t panic or admit errors in writing. Acknowledge receipt and request time to gather records if needed.
- Decide who will communicate with the IRS. If you’ll use a tax professional, file Form 2848 (Power of Attorney) so they can represent you (irs.gov/forms-pubs/about-form-2848).
Documents to gather (start here)
- Tax returns for the year(s) under review and the prior three years.
- General ledger, bank statements, credit-card statements, and reconciliations.
- Invoices, receipts, and vendor contracts tied to claimed deductions.
- Payroll records, Form W-2s, 1099s, and supporting contractor agreements.
- Inventory records, depreciation schedules, and fixed-asset receipts.
- Loan documents, lease agreements, and insurance records.
- Documentation of cash transactions and evidence for estimated tax payments.
How to assemble the package
- Use a clear index and label files by tax year and topic (income, expenses, payroll, assets).
- Provide summarized schedules that tie back to specific return line items (e.g., “Office supplies — Schedule A, p.3”).
- If sending electronically, follow the IRS guidance for digital file formats and organization. See our guide to creating a digital audit package for best practices: “Preparing a Digital Audit Package: Organizing Electronic Records for the IRS” (https://finhelp.io/glossary/preparing-a-digital-audit-package-organizing-electronic-records-for-the-irs/).
Common audit types and what they request
- Correspondence audit: IRS asks for specific documents by mail. Respond in writing by the due date.
- Office audit: You meet an IRS reviewer at a local office—bring originals and organized copies.
- Field audit: An IRS agent visits your place of business and may review books on-site.
Timeline and statute of limitations
- The IRS generally has three years from the date the return was filed to assess additional tax (IRS recordkeeping and statute guidance: https://www.irs.gov/businesses/small-businesses-self-employed/recordkeeping).
- If you omit more than 25% of gross income, the period generally extends to six years; there is no limit for fraud or willful evasion.
Communicating with the IRS
- Keep all correspondence copies and use Certified Mail or a document tracking method when sending materials.
- Be concise and factual. Avoid volunteering unrelated information.
- If you don’t understand an item requested, ask for clarification in writing.
When to involve a professional
- Bring a CPA, EA, or tax attorney when issues are complex, penalties are likely, or potential criminal exposure exists. For guidance on when to add a practitioner to your audit team, see: “When a Tax Practitioner Should Be Added to Your Audit Team” (https://finhelp.io/glossary/when-a-tax-practitioner-should-be-added-to-your-audit-team/).
- A representative can handle communications, attend meetings, and negotiate on your behalf (file Form 2848 to authorize representation).
Rights and appeals
- You retain rights during an audit, including the right to professional representation and to appeal IRS findings. Review “Taxpayer Rights During an IRS Audit: A Practical Checklist” for a focused list of rights and remedies: https://finhelp.io/glossary/taxpayer-rights-during-an-irs-audit-a-practical-checklist/.
Common mistakes to avoid
- Sending unorganized or incomplete records.
- Ignoring deadlines or the initial letter.
- Discussing the audit on social media or with non-authorized parties.
Final practical checklist (before sending records or meeting the auditor)
- Create a cover letter that lists enclosed documents and the point of contact.
- Number pages and include a table of contents or index.
- Highlight or annotate records that directly support the disputed return items.
- Keep originals secure; provide copies unless the IRS specifically requests originals.
- Track all shipping and delivery receipts and maintain a response log of dates and contacts.
Useful authoritative references
- IRS Publication 556: Examination of Returns, Appeal Rights, and Claims for Refund (https://www.irs.gov/pub/irs-pdf/p556.pdf)
- IRS Recordkeeping for Businesses (https://www.irs.gov/businesses/small-businesses-self-employed/recordkeeping)
- IRS Form 2848, Power of Attorney and Declaration of Representative (https://www.irs.gov/forms-pubs/about-form-2848)
Professional disclaimer
This article is educational and does not constitute tax advice. For tailored guidance, consult a qualified tax professional or attorney about your specific circumstances.
In my practice over 15 years, businesses that prepare an indexed, annotated audit package and engage a representative early routinely shorten the process and reduce adjustments and penalties.

