Although the chance of being audited is small, once a taxpayer has been flagged for an audit, the right response is critical. Taxpayers facing an IRS audit must respond appropriately and promptly in order to present the best case for resolving the dispute.
Audits can also be invasive, time-consuming, and frustrating. A wide variety of detailed documentation can be requested relating to the tax matter, such as invoices, receipts, bank statements, company ledgers, past tax returns, W-2s, 1099s, and other evidence of income. The type of evidence required depends on the nature of the tax dispute, however, IRS auditors may ask for more information from taxpayers than they have a legal obligation to provide.
Obtaining skilled representation in a tax audit is crucial. The IRS has an arsenal of tools to collect back taxes, including liens, levies, and wage garnishment. We advocate for our clients to minimize or eliminate any possible liability and reach a resolution quickly and efficiently.
Do not hesitate to call us to discuss your IRS audit.