SDM Accounting Insights: What To Do If Your Nonprofit Receives an IRS Audit Letter

Episode 11 June 28, 2019 00:03:04
SDM Accounting Insights: What To Do If Your Nonprofit Receives an IRS Audit Letter
SD Mayer
SDM Accounting Insights: What To Do If Your Nonprofit Receives an IRS Audit Letter

Jun 28 2019 | 00:03:04

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Show Notes

The IRS’s staffing shortages have been well publicized. But it’s a mistake to assume that the agency has stopped scrutinizing not-for-profits. Don’t panic if you receive an audit letter. The letter will inform about whether the IRS is conducting an in-person, field audit or a correspondence audit. This second type simply requires you to send requested records to the IRS. However, a correspondence audit can turn into a field audit if you don’t respond promptly. In many cases, the IRS simply wants to learn whether your organization has filed required returns and forms. If you receive a letter, contact us immediately.

https://www.sdmayer.com/insights/blogs/nonprofit/what-to-do-if-your-nonprofit-receives-an-irs-audit-letter/

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