Accounting Articles > IRS Audit:

IRS audit adjustment

At the end of an Internal Revenue Service Audit, one would hope for what is called a “No Change” letter.

This basically means that they haven't found any material changes which need to be made and that no additional tax is due.

If there are material changes which need to be made to the return, then The Service will send a letter detailing the adjustments along with a bill for the additional tax, interest, and penalty. If the changes are reasonable, then try to pay this as soon as you can. You won't want to face additional interest on this already difficult to pay bill. If you cannot pay the bill all at once, there are payment plan options. Simply go to the Standard Accounting Packages section on this website. We will negotiate and file a payment plan for as little as $500. If an Offer and Compromise is necessary we can also help. Simply e-mail or call our offices today.

If the adjustments are unreasonable, then you may be a candidate for an appeal. Please call one of our specialists today. Either way, don't try to handle this yourself. As highly recommended CPA's and Enrolled Agents in the Chicagoland Area, we have the experience necessary to help you through this difficult time and save you money. Call or e-mail us today.