The IRS can audit you for many different reasons. But whatever the reason, here are a few ways to prepare if the IRS comes knocking. Obtain the Requested Documents or Seek Out Third-Party SourcesThe IRS will send you a notice once your tax return undergoes the audit process. The IRS requires you to keep your documents as long as needed to prove your deductions on the tax return. Bell says generally, the IRS Appeals Office seeks to settle to avoid tax court, so you can expect that the IRS officer will be willing to compromise.

Source: Forbes May 24, 2021 20:35 UTC