2 years, 1 month ago
via turbotaxquestions.com
What will the Audit Defense with TurboTax cover?
I have always filed my business tax returns with H&R Block. Their fees are expensive, but I love the protection I get in case of an audit. My father-in-law uses TurboTax, and he said it is much cheaper. When I expressed my concern about having the peace of mind protection with H&R Block, he said that TurboTax has something called Audit Defense. So, I am curious to what this Audit Defense protects. Will it include all of my Schedule Cs? How long will the protection last? What are the extra fees associated with having this Audit Defense plan?
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M$1 Answer
As stated on the TurboTax Site:
"Audit Defense: Audit Defense means that TRI will represent you through the completion of any income tax audit for the tax return year identified on the membership certificate. Audit notification must be dated after the acceptance date listed on the membership certificate, subject to the limitations and exclusions listed in this membership certificate and agreement.
Audit Defense also includes:
Handling all communications, including letters and/or telephone calls with the IRS or State regarding the audit.
Assigning the Audit Representative(s) to manage your case.
Developing a strategy with you and then meet with the IRS or State on your behalf.
Negotiating with the IRS or State through Appeals and pre-litigation Appeals review prior to trial in Tax Court.
No settlement will be reached with the IRS or State without your final approval and consent.
Two hours of collection assistance is available on request if your covered audit results in additional tax due."
Hope that helps.
"Audit Defense: Audit Defense means that TRI will represent you through the completion of any income tax audit for the tax return year identified on the membership certificate. Audit notification must be dated after the acceptance date listed on the membership certificate, subject to the limitations and exclusions listed in this membership certificate and agreement.
Audit Defense also includes:
Handling all communications, including letters and/or telephone calls with the IRS or State regarding the audit.
Assigning the Audit Representative(s) to manage your case.
Developing a strategy with you and then meet with the IRS or State on your behalf.
Negotiating with the IRS or State through Appeals and pre-litigation Appeals review prior to trial in Tax Court.
No settlement will be reached with the IRS or State without your final approval and consent.
Two hours of collection assistance is available on request if your covered audit results in additional tax due."
Hope that helps.
You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
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