What is an IRS Field Audit and why should you be concerned by this? It means the IRS wants to come visit you in your home, or at your office. An IRS Field Audit is as serious an audit as you can face, and the genuine risk is what we...
Do I Have to Provide Information Requested by an IRS Auditor?
Do I have to provide information requested by an IRS auditor? No, you do not necessarily have to provide every piece of information requested by an IRS auditor, and you certainly do not have to provide additional unrequested information in an attempt to establish your trustworthiness. There are specific laws,...
The Broad Powers of IRS Revenue Officers in an IRS Audit
The broad powers of IRS revenue officers in an IRS audit should be a concern for all US taxpayers. Many business professionals and individuals believe IRS agents must be experts in both accounting and tax law. In many cases, they are not expert in either discipline. This may sound shocking,...
IRS Revenue Officer Interviews Allow the IRS to Gain Additional Information to Use Against You
Why should you be cautious about IRS revenue officer interviews in San Diego? What are the risks to a US taxpayer in an IRS audit? If you have received a notice from the IRS regarding a tax audit you probably already realize the potential hazards you face in the immediate...
How does the Attorney-Client Privilege Protect You in an IRS Audit?
How does the attorney-client privilege protect you in an IRS audit?? Why is it so important to work with an experienced tax attorney compared to a CPA, tax preparation team, accounting firm or financial advisor?? The answer is "protection."? You need to be able to provide your counselor with detailed,...
What Should a Business Do After an IRS Audit
What should a business do after an IRS audit is completed? The real world answer: prepare for other knocks on the door from the EDD and FTB. The agencies cooperate with one another, and immediately after one finishes an audit, you are required to provide the other with the results...
They May be Fewer in Number but IRS Audits Are Increasingly Aggressive
They may be fewer in number but IRS audits are increasingly aggressive seeking a much bigger check from US taxpayers. The recent request by the IRS for additional funding may not present an immediate threat of increased audits, but this doesn't mean US taxpayers should relax or attempt to take...
IRS Office Audit or Field Audit Require an Experienced Tax Attorney
The two hardest forms of an IRS audit are an IRS Office Audit or Field Audit. Both of these audits are extremely serious and you should be represented by an experienced and seasoned IRS audit and tax attorney like Janathan Allen. If you have received notification of an IRS audit...
S Corporation Owners Should Understand IRS Strategies for Compensation Audits
One of the primary targets for IRS audits is S Corporation compensation. S Corporation owners should understand IRS strategies for compensation audits and work with Allen Barron to reduce these risks while minimizing tax and maximizing income opportunities. One of the most contentious issues is "reasonable compensation." The IRS guidelines...