Audit Preparedness: Reducing Stress and Anxiety

The Reality of an IRS Audit There’s no denying that the mere mention of an IRS audit can send shivers down anyone’s spine. Whether you’re an individual, a small business owner, or a financial director of a large company, the prospect of an IRS audit can spur stress and anxiety. The complexities of the tax […]

Audit 101: What Every Taxpayer Should Know

Understanding the Concept of Audit An audit, in the context of taxation, is simply an examination or inspection of a taxpayer’s financial records by an authorized entity, often a government organization like the IRS. This exercise is conducted to verify that the financial information provided by the taxpayer in their filings accords with the tax […]

Understanding the Impact and Outcomes of an Audit

What is an Audit An audit is a systematic examination and verification of an individual’s or an organization’s accounts or financial situation. Typically carried out by certified professionals, an audit delves into the intricacies of financial records to ensure their accuracy and alignment with applicable laws and regulations. At Brightside Tax Relief, we understand how […]

How Long Does an IRS Audit Take?

When you get audited, the IRS gives you an advance notice. If you’re selected for audit in one of these situations, you’ll know about it several weeks before the scheduled appointment time. You can see the guidelines for how long audits take in the IRS Manual.  The audit team will send you a letter (or […]