A process that reopens your IRS auditing. In any of the four situations listed below, you can request an auditing reconsideration. You have new information to display. The IRS tries to audit tax returns as soon as possible after they are filed.
Consequently, most of the audits will be of the statements submitted in the last two years. A tax audit is a review of your tax return to verify that your income and deductions are accurate. Audits can come from several sources, including the IRS. The information provided by these sources is compared to Virginia tax returns to identify taxpayers who may have underpaid their Virginia tax obligations or failed to file a return.
The law requires that you keep all the records you used to prepare your tax return, for at least three years from the date you filed it.