Tax Dictionary – Revenue Agent Report
Revenue Agent Reports (RARs) should contain all the information necessary to ensure a clear understanding of the adjustments and demonstrate how the tax liability was computed. Based upon the importance of the RAR, examiners should take all necessary steps to ensure report accuracy.
More from H&R Block
When the IRS completes an audit, the IRS revenue agent or tax compliance officer prepares an examination report (generally a Form 4549) that shows the changes he or she is proposing to your tax return, along with the proposed taxes, penalties and interest. This report also includes a Form 886A, which explains why the IRS is changing your return. The IRS sends the examination report with a letter that gives you 30 days to appeal the changes with the IRS Office of Appeals.
Review the entire report carefully with your tax professional. If you disagree with any of the items on the report, including penalties, consult your tax professional for next steps.
If you haven't filed required tax returns, find out how far back you may need to file, and get the nine tips you need to know about filing back tax returns.
Learn more about notice LT14, why you received it, and how to handle an IRS bill for unpaid tax with help from the tax experts at H&R Block.
Receive an IRS 5599 letter? Learn more about letter 5599, why you received it, and how to handle it with help from the tax experts at H&R Block.
Learn more about notice CP210-220, why it was sent, and how to handle the notice with help from the tax experts at H&R Block.