While the number of audits conducted by the IRS has dropped in recent years, the agency is focusing its resources on audit targets which will produce revenue for the US Treasury. This is why a notification of audit from the IRS is serious business in 2018. If you have been contacted by the IRS it is not in your best interest to communicated directly with the agency. Many taxpayers fail to understand the nature of the information an IRS agent or Revenue Officer is seeking. The taxpayer wishes to appear honest and forthright and provides far too much information in response to the agent’s query. The IRS agent will then use this information against the taxpayer to increase their liability and ultimately the size of the check they will have to write to the IRS.
What should you do if you are contacted by the IRS regarding an audit? What to Expect from an IRS Audit is a free white paper from Allen Barron which provides a US taxpayer with important insight into an IRS audit. We provide an overview of the process and details regarding common audit issues such as a request by the IRS to extend the statute of limitations and the importance of working with a proven IRS audit defense attorney and tax expert. Learn about the value of the attorney-client privilege and how this solid defense can protect your interests throughout the audit.
Many taxpayers are not aware that a bookkeeper, tax preparer and even a CPA must provide all your information, communications (including e-mails and texts), working papers, records and notes to the IRS. This is never in a taxpayer’s best interest, and without an experienced tax attorney the US taxpayer is always at a disadvantage before the IRS.
A notification of audit from the IRS is serious business in 2018 and Allen Barron is here to limit your exposure, protect your interests and save you as much money as possible. We invite you to contact us or call 866-631-3470 for a free consultation. Learn about the best practices for an audit and hour our experienced integrated legal, accounting and tax team can make a significant contribution to the success of your IRS audit.