Individually or if you are in a company and the IRS sees that their some inconsistency of your taxes, then they are going to send an agent that will make sure that they are right or wrong. In instance they are liable to do their job to prove or to get any proof to verify and confirm that certain individual or business man is liable for some cases that they are not able to pay their tax or there are unpaid taxes that is being concerned by the IRS. And the IRS will give penalties that are covered by the offenses the individual or the business man did.
Now, taxes should not be taking for granted because any moment from now the IRS will send agents that will verify and investigate some tax discrepancies. It is undeniably, a constant worry free if you are able to deal well about your tax responsibility. It is the main obligation of the IRS, to make sure that all tax payers were able to comply and make them understand the huge responsibility when it comes to paying taxes.
If they find out any inconsistency of your tax payment then that is the time to make you see and know the possible outcome of your lapses. There is another way to not be penalized by them, if you can only give them a solid and reliable reasons and explanation of is that so they found out. When if the case that you are not involve then you will feel worry free you are. There is nothing to be on guard of the financial past reports and updates if you are into any illegal matters.
And if ever you are a business man, you can ask your accountant to assist you in preparing all the possible documents the agent from the IRS may asked or hired some professional who are experts when it comes to this kind of situation you are in. he or she will be able to know the progress or development of the process of your IRS audit. You will also be keeping updated of the said audit.
You only need to be calm and easy when you are receiving a notice that you are going to be audited. Just prepare all the possible documents to be presented so that you can able to comply and give the documents that may asked by the IRS agent. And of course, with the agent from your company or if you are audited individually then you or your hired agent to present all the documents in behalf of your presence is already a superb idea.