Audit reconsideration is a process whereby we petition the State or Federal tax agencies to reopen an old audit in order to lower the tax assessment.
A taxpayer might have gone through a State or Federal tax audit resulting in an additional tax assessment. During the audit, the taxpayer might have been unable to prove their case due to the lack of certain documents or other evidence that would have worked in the taxpayer’s favor. Other taxpayers might have missed their audit altogether, causing an erroneous assessment to be issued against them. Once the audit assessment becomes final, the government proceeds to collect on the debt. However, the taxpayer may discover new favorable evidence that would have resulted in a smaller assessment or no assessment at all. We have achieved significant success in reopening and overturning inaccurate audit assessments resulting in hundreds of thousands of dollars of savings.