How concerned should a taxpayer be about the IRS if New York State is conducting an audit?
Our team of former government tax auditors can tell you based upon experience that the Internal Revenue Service (IRS) and New York State (NYS) have a very good relationship. Upon concluding an audit of a resident of the state or an entity conducting business within the state, the IRS sends NYS an RAR that discloses the adjustments made to one’s returns. NYS does the same as well. How likely is it that either one of the tax agency pursue the matter? You bet! It will. The earlier you act upon the matter, the safer it is.
Related Questions
- Why does Civil Service want to do an audit verifying the eligibility of dependents enrolled in the New York State Health Insurance Program (NYSHIP)?
- How concerned should a taxpayer be about the IRS if New York State is conducting an audit?
- Does the IRS ever contact a taxpayer or the tax preparer via e-mail to initiate an audit?
