The IRS divides it’s audits into categories, and the most common type isn’t really that scary. Indeed, when you think of an audit, you think of an intrusive process where the IRS combs through your business. However, the reality is more varied. The three types of audits are the following:
- Correspondence Audit
- Field Audits
- Office Audits
Each type of audit has its quirks and rules, but with proper representation you should be able to get through the process relatively unscathed. You will need to have your documentation in order, but you will not have your life turned upside down.