Accounting Articles > General Accounting:

Auditing and amending your tax return

Once the audit of a tax return has been completed, you will receive a list of changes from the Internal Revenue Service or The Illinois Department of Revenue Auditor.

The letter will also be specific as to whether or not the auditor would like your return to be amended or not. Most instances do not require a full amendment. But if there are substantial changes to a balance sheet, many times an amendment is warranted. In order to stay in compliance, you must either accept the changes, following the directions of the auditor, or take the examination into the reconsideration or appeals process.

If you are asking this question in the first place, then its probably time for a new accountant. Call our offices today. The Special Accounting Packages section of this website may have a special offer which will benefit you. If you would like a second opinion on your case, we can accomplish that for as little as $500. As highly recommended CPA's and Enrolled Agents providing tax accounting services in the Chicagoland Area, we have the experience necessary to help your company. Simply call or e-mail one of our specialists today.