Wednesday, June 20, 2018

TIP TO SURVIVING AN IRS TAX AUDIT - TOP TAX RELIEF ATTORNEYS

The IRS makes a point of collecting every dollar owed to the federal government. It combs through returns each year to ensure that taxpayers did not cut corners when filing and submitting returns. If your own return has been set aside for review, it is important that you use these five tips to survive an IRS tax audit.

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DON’T IGNORE THE AUDIT LETTER

No need to stick your head in the sand if you get an audit letter from the IRS. Ignoring the letter will only warrant in further action against you and could even result in you owing the government more money.

Instead, you should respond to the  tax letter within the stipulated time frame, which is typically 30 days or less. If you fail to respond promptly, the IRS may void exemptions and itemizations you included on your return. It also may raise the amount of money that you owe in taxes.


ASK THE REASON FOR THE TAX AUDIT

The IRS is supposed to inform you of why your return was singled out for an audit. However, if it fails to or if you do not understand the reason, you are within your rights to ask for clarification.

Some of the more common reasons that you could be audited include:

Inaccurate reporting of income that does not match your W-2, 1099, or statement of cash earnings
Higher than normal deductions on your return
Information that is inconsistent with details reported on your prior years' returns
Random selection by the IRS computer system
You can act accordingly in your own best interests when you know why you are being audited and what information the IRS seeks from you regarding your return.


KNOW WHAT TO EXPECT

You may envision meeting with an IRS auditor in a cold and impersonal government office. However, in most cases the IRS will correspond with you via the mail during the audit.

This correspondence should tell you why you are being audited and what kind of documentation is being requested of you. You may be asked to send in proof of your expenses or income, for example, or documentation for exemptions that you have claimed. You should send in copies of your paperwork rather than the originals.

ORGANIZE AND GATHER YOUR DOCUMENTS

After you receive notification of your audit, you should get busy organizing any paperwork that could be relevant to your case. Some of the documents that may come in handy during the audit include:

Earning statements like your W-2 or 1099
Medical bills
Receipts of charitable donations
Receipts for home business expenses like Internet bills or office supplies
You should make copies of these documents for both you and the IRS. You should then mail or fax them to the IRS if or when they are requested.

STAY CALM AND GET HELP

You may become angry or frightened upon learning of your upcoming audit. It is critical that you stay calm, however, and avoid giving into extreme emotions.

You should instead act respectfully to the auditor assigned to your case and be forthcoming with any information requested of you. You should also seek out professional tax guidance if you are unsure of how to proceed or need help understanding what is expected of you.

A tax professional is trained to represent clients during an audit and also knows the current IRS tax codes. This tax pro can act as your intermediary and ensure that you are treated fairly during the process. You also will be advised about what information to give and how to avoid incriminating yourself during the proceedings.

An audit may seem like an overwhelming and complicated task. You can make it easier on yourself and avoid unfair taxes and fines by using these tips during an IRS tax audit.

So, if you have IRS Problems, Owe Taxes, have Past Due UnFiled Tax Returns and need IRS HELP – Take action today! You should work with a nationwide tax relief firm. Call Advance Tax Relief (800) 790-8574

GET TAX RELIEF HELP TODAY

If you think that you may need help filing your 2017 tax return and past due tax returns, you may want to partner with a reputable tax relief company who can help you get the max refund and reduce your chances for an IRS AUDIT.

Advance Tax Relief is headquartered in Houston, TX with a branch office in Los Angeles, CA. We help many individuals just like you solve a wide variety of IRS and State tax issues, including penalty waivers, wage garnishments, bank levy, tax audit representation, back tax return preparation, small business form 941 tax issues, the IRS Fresh Start Initiative, Offer In Compromise and much more. Our Top Tax Attorneys, Accountants and Tax Experts are standing by ready to help you resolve or settle your IRS back tax problems.

Advance Tax Relief is rated one of the best tax relief companies nationwide. 

Call our team today at 800-790-8574 for more information.


For a free consultation, schedule an appointment with us online.

Feel free to also learn about us and contact us via www.advancetaxrelief.com.

However, it doesn’t matter where you live, we service taxpayers nationwide.

We have settled millions in back tax penalties and interest for our clients nationwide.

Advance Tax Relief is a Professional Tax Relief Organization



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