As an individual, you have a constitutional right to good faith and fairness regarding IRS tax audits. However, many people need to be made aware they can officially request representation when these audits occur.
With suitable tax audit representation, you can feel secure knowing you have someone on your side who can fight for you. After all, tax audits are one of the worst things to experience as an individual.
High levels of integrity are a significant cultural value within all tax law firms, but mistakes and errors happen. In some instances, the mistake may be interpreted as fraud. As such, you may be facing a tax audit.
Keep reading below to understand what to ask about your tax audit representation service.
1. How Important Is Tax Audit Representation Service?
If you are being audited by the IRS, having representation can mean the difference between owing a large sum of money and having your case dismissed. An experienced tax attorney can negotiate with the IRS on your behalf and may be able to get them to lower the amount of money you owe or drop the case entirely. Do not go through an audit alone; hire a tax audit representation service to help you protect your rights and interests.
2. How to Prepare for Your Tax Audit?
The best way to prepare is to have your documentation organized and easily accessible. It includes your tax returns for the years in question, receipts for any deductions or credits you claim, and any other records supporting your position. Preparing will make the audit process much smoother and may even help you avoid penalties.
3. What to Expect During Your Tax Audit?
The most common type of tax audit is a correspondence audit, which is conducted entirely by mail. You’ll need documentation to support your tax return, and the IRS will determine if you owe any additional taxes. If you’re selected for a field audit, the IRS will send an agent to your home or business to review your records.
You’ll have a chance to explain your deductions, and the agent will decide. The IRS may also conduct a payroll audit to review your payroll records to ensure you’re correctly withholding taxes.
4. How to Handle a Tax Audit Notice?
Have you received a notice of tax audit? Take a deep breath and try not to panic. This notice does not necessarily mean that you have done something wrong.
Your return was selected for a routine audit. You can resolve most audits without hassle if you’re cooperative and have the documentation to back up your claims.
5. What to Do if You Can’t Pay Your Taxes?
If you cannot pay your taxes, you should contact the IRS as soon as possible to make payment arrangements. You can complete an online form, call the IRS, or send a letter to the IRS explaining your financial situation and requesting an installment agreement. The IRS will work with you to set up a payment plan that meets your unique circumstances.
Working With a Tax Audit Representative
In conclusion, it’s essential to ask your tax audit representation service a few key questions. These include what experience they have with IRS audits, what the process will entail, and how you can best prepare for it. Asking these questions will help you feel more confident and in control during a stressful process.
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