You thought you dotted every “i” and crossed every “t” when you filed your tax return. Then, one day, a heart-stopping letter from the IRS arrives in the mail and informs you that your return is under audit.
If you’re a small business owner or self-employed individual, your tax return is more likely to throw up a red flag. The IRS scrutinizes these returns, looking for claimed deductions and expenses that look suspicious. The agency knows that most people are unfamiliar with the tax laws and will try to take advantage of you and even attempt to intimidate you during the process. Without effective IRS audit representation, you could end up paying more to the government than necessary.
The goal of an audit is to find additional revenue for the government. An IRS auditor will likely request documentation to verify your expenses and deductions. The burden is on you (and your tax representative if you have one) to produce the information. If you can’t, you’ll likely owe additional taxes plus any accumulated interest.
Do you need IRS audit help because your tax returns are being audited? We understand that audits can be scary and you don’t want to be taken advantage of because you don’t know tax law. Polston Tax Resolution & Accounting provides nationwide IRS audit representation and State audit representation to protect you. Give us a call at 844-841-9857 or click on the Contact Us button below!
Check out the short video below for more information on Audits.
Don’t try to navigate the auditing process on your own. The IRS has the upper hand, and it’s easy to make a costly mistake. If you are the subject of an audit, it’s important to seek tax audit representation as soon as possible. Your attorney can inform you of your rights and protect you from having potentially thousands of dollars or more added to your tax bill. Your audit representative will fight for your rights and ensure you are treated fairly.
Unless you have studied tax law or have been audited previously, you probably have no idea how an audit works. Audits typically start with the IRS asking for documents and other information that supports what you claimed on your tax returns. You may believe that what you are providing or the information you are missing is innocent, but the IRS and State will focus on information that gives them permission to disallow your expenses. When an expense is disallowed it turns into income which you will owe taxes on dating back to the year the tax return was due and compounded with penalties and interest over the time period that has passed. This is why tax audit representation can be necessary to ensure you are protected. A tax professional with IRS audit experience will prepare your information in a well-organized package that is annotated with explanations and fight for your rights.
After the audit is complete, the IRS will present their findings and proposed results and will most likely have found that you owe money. If you get to that point, your tax audit representation can help you contest the findings and file an official tax court petition on your behalf.
At Polston Tax Resolution & Accounting, we’ve been helping people just like you resolve their tax issues since 2001. Our team includes tax attorneys, enrolled agents, and other accomplished tax professionals who have extensive experience representing businesses and individuals during the auditing process. We have a proven record of getting favorable results for our clients nationwide. Our team will do everything possible to help you get your financial life back on track.
As a full-service tax audit representation law firm, Polston Tax will be there to support you every step of the way. Preparation is critical when attaining a successful audit outcome. We’ll help you identify the documents you’ll likely need to present to the auditor, such as budgets and financial statements, receipts, bills, canceled checks and other information to support your claimed expenses or deductions. We’ll also work with you to develop an effective audit presentation strategy.
When the audit time arrives, we’re authorized to represent you at the meeting. Our team includes credentialed attorneys, CPAs and enrolled agents who have the legal right to practice before the IRS and your state tax authority. If the auditor’s findings indicate you owe more money, we can initiate the appeals process when applicable.
With our end-to-end tax audit representation, you can face the audit process with more confidence knowing that we’re protecting your rights and working hard to attain the best outcome for you.
If you are in need of State or IRS audit help, we can help protect your rights, get help, and be prepared. Contact us confidentially today at 844-841-9857 or fill out our contact form to schedule a free, confidential consultation with one of our IRS tax attorneys. We encourage you to contact us as soon as possible as there are deadlines on all audit cases!
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