When you first receive notification you're being audited by the IRS, your reaction may be shock and fear. But it's important to understand that there are a lot of misconceptions about IRS audits, and they don't have to be stressful or terrifying experiences. Below, tax attorney Allen N. Davey LLC, Attorney at Law, CPA, in Honolulu, HI, shares three things you should do if you're going to be audited by the IRS.

3 Things to Do If You're Audited by the IRS

1. Get Organized

Walking into an audit unorganized and unprepared will make the entire process considerably more difficult and nerve-wracking. Compile your tax documents and the records you used in preparing those documents. This does not mean, however, that you should bring any materials the auditor has not requested. You want to provide them with what they need without giving the auditor too much information.

2. Answer Questions Honestly & Succinctly

Your auditor is going to ask you questions throughout the audit. Provide them with the answers, but don't go overboard with lengthy explanations or elaborate excuses. Long and in-depth answers to questions could only raise suspicion or take the audit in entirely new directions. Your best plan of action: answer questions truthfully, but keep the response concise.

3. Consult a Tax Attorney

In the days and weeks leading up to the audit, a tax attorney will be your biggest ally. Their detailed knowledge of the U.S. Tax Code will be an important tool in preparing for the audit. They will give you an idea of what to expect, advise you on handling questions, and help you gather all the necessary paperwork. Most importantly, your lawyer will ensure you are not alone throughout the process.

If an audit is weighing on your life and hurting your peace of mind, let Allen N. Davey LLC, Attorney at Law, CPA, help. Attorney Davey has over 30 years' experience building solid tax defenses and finding IRS resolutions that work. Call (808) 545-2222 or visit his firm's website to arrange a consultation with a tax attorney.