Today, thousands of taxpayers are dealing with a very serious situation in facing an IRS Tax Audit. The IRS is a ruthless and relentless collection agency and they take an audit very seriously, and so should you. A tax audit can be done either through the mail or in person, and both can be just as aggravating. Facing the IRS by yourself is, quite literally, a death sentence. This is absolutely the wrong thing to do. You MUST secure proper legal representation before you enter into an audit. And experienced tax professional will know how to represent you in a way that will accomplish the goal of the auditor, without exposing you to additional risk and/or penalties.
Depending on the type of audit required of you, you may be required to report to your local IRS office, they may come to your home or office, or you can respond by mail. The type of audit and location is directly related to the seriousness of the audit itself. No matter what type of audit you are facing, you should call for help and get immediate professional advice for this serious problem.
A Paper Audit or “Correspondence Audit” is when you are usually missing documentation and the IRS auditor will request the missing or additional documentation to be sent by mail. This is a common type of audit when a taxpayer mistakenly left out a 1099 or W2, or if their file does not match their file from previous years even though employment has not changed. This is usually handled through the mail or by fax with correct submission of documents.
An “Office Audit” is entirely different and usually includes contact from and IRS examiner who will delve into your tax return and financial circumstances. He or she may request various documents and or an explanation of just how you reached the calculations for your deductions. The IRS may also review your bank accounts to determine if the amount deposited matches the amounts specified on your returns. If the amounts differ? You may be in for a serious problem with your auditor. This is why it is so important to have professional expert representation when dealing with IRS officials. Going it alone is just not an option you should consider.
If you are being audited, call us immediately. You do not have time to decide whether or not you need representation. Let’s be clear – you do! If you address the audit alone, and without legal representation, you could subject yourself to financial and legal penalties that could take years to resolve. This is not meant to scare you into action but keep in mind that the IRS examiner has the ability to recommend you – YES YOU – for criminal prosecution. Don’t delay in getting help if you have received an audit notification or intent to audit. We can help.
If you make contact with the IRS for an audit they may make it appear like they are your friend and are only there to help you resolve the “discrepancy” within your tax return. Do not accept this offer to help at face value. While many employees at the IRS may be sympathetic to your plight, it is not their job to assist you in correcting your tax debt liability. It is their job to collect, plain and simple. Information you provide an auditor may not be used in the way you believed it would be and may open you up to additional liability. When an IRS auditor reviews your file, they are looking for compliance with tax law. Any discrepancies or omissions may be interpreted, at their whim, as an intent to defraud the IRS. This is serious and can have long lasting ramifications. Understanding your rights as a taxpayer is the first step in securing expert advice for a tax audit. Don’t let the IRS communicate with you before consulting a tax attorney and receiving expert advice.
Ideal Tax Solution has the experience and knowledge to handle the most serious of tax audits. Our expert Tax Attorneys and Enrolled Agents will negotiate with the IRS on your behalf and ensure that your taxpayer rights are protected and that the IRS auditor is playing on a level field. Call us today to discuss how we can develop a strategy that will allow you to address the audit and resolve it with better than acceptable results.