General Process
General outline of the Tax Audit Representation process includes:
1. Notification from the tax authority.
2. Preparation including gathering the necessary documents, such as tax returns, financial statements, and receipts.
3. Initial meeting with auditor to discuss audit scope and objectives.
4. Information review and exchange.
5. Examination by the auditor of the taxpayer's financial records.
6. Communication with the auditor to discuss discrepancies, provide explanations, or negotiate potential adjustments.
7. Auditor presents their findings and discuss proposed adjustments, additional taxes owed, or potential refunds.
8. Appeal or agreement.