No one likes to hear from the IRS and getting a letter them sends most of us into a panic and with good reason. Dealing with the IRS can be a colossal headache, and you could be wrangling with your tax issue for months, maybe even years. You may be one of the fortunate few who received a notice for a problem that is easily corrected. You might also be one of the unfortunate taxpayers the IRS has decided to audit.
Why Am I Being Audited?
There are several reasons the IRS singled you out for an audit, including:
You were randomly chosen
A computer screen of your tax form found inconsistencies out of the norm
There were discrepancies on your income or business tax forms that raised a red flag for auditors
You listed as a business associate of someone under audit
What Do I Do Now?
Regardless of why you were chosen to be audited, you need to be prepared for it. An audit is a review of your finances and tax filings, so you need to begin gathering all the financial documents, tax forms and any other information that may be pertinent to your case.
Once you get an audit notice, USAttorneys.com recommends you speak with a tax attorney in New Mexico to help you prepare for your tax investigation. They will evaluate your case and see if you might be able to avoid the audit. If that is out of the question, an attorney can familiarize themselves with your financials and prepare you for the audit.
How Will My Audit Be Conducted?
Your audit can take place through the mail, or you may be asked to meet with a tax agent in person. An audit can take place via mail, at an IRS office, at your place of business or in your home. Your notice will
If your audit is going to be conducted by mail, the IRS will request the pertinent information through the mail. The IRS will provide instructions on the notice and explain the mistakes or discrepancies they found. You can send them the documents through the mail, or you can request to meet with an agency in person.
Below you will find addresses of tax offices in New Mexico:
NM Taxation & Revenue Department- Albuquerque
5301 Central Ave NE, Albuquerque, NM 87198
NM Department Taxation & Revenue- Santa Fe
1220 S St Francis Dr., Santa Fe, NM 87505
US Internal Revenue- Tax Payer
5338 Montgomery Blvd NE, Albuquerque, NM 87109
Internal Revenue Service
Rodeo Park Dr. E, Santa Fe, NM 87505
Consult with a Tax Expert in New Mexico
Whatever the reason for your tax notice, speak with a legal expert. Call one of our tax lawyers in New Mexico and set up a case evaluation. Our team of attorneys will do whatever they can to alleviate your tax problems.
Other reasons you might receive an IRS notice:
Mathematical error on a tax form
Failed to file taxes for one or more years
Missed a payment thereby violating a payment arrangement