IRS Audit Representation Businesses
IRS Audit Representation
Nothing strikes fear in the hearts of people more than receiving an IRS Audit letter in the mail. Audits take significant time away from your business and family, requiring you to gather mounds of records substantiating each and every item reported on your tax return and develop a comprehensive understanding of tax law.
The IRS leaves no stone unturned in its mission to determine the accuracy of your tax return. If you do not comply with the auditors' requests for information, the IRS will recalculate your tax and send you home with a hefty tax bill as your parting gift.
Many taxpayers decide to handle a tax audit themselves, and discover they may have been "penny wise" avoiding a representative's fee, but "pound foolish" because they received a substantial bill for a significant tax deficiency. You see, IRS auditors are trained to extract more information from you than you have a legal obligation to provide.
If you receive an audit notice from the IRS, do not meet with the IRS on your own. The responses you give to their initial questions can determine the outcome of the audit. It is critical that you hire a professional representative who knows how the IRS conducts audits.