Have you received a letter of notification of an IRS audit? You are right to be concerned and there is a lot you need to know about an IRS audit.
The IRS Has Not Selected You at Random
Why were you selected for an IRS audit? The IRS determines areas of concern and develops algorithms around those issues that develop a “bell curve” for all returns containing that element. If your return falls on the high side of that bell curve or you took greater advantage to reduce your tax burden than the majority of other taxpayers you will be targeted for an audit.
The IRS Has Already Developed a Game Plan for Your Audit and an Idea of the Additional Taxes the Auditor Should Obtain from You
You aren’t going to be able to convince the IRS auditor that you are a good person, or overwhelm them with documentation. In fact, the more documentation you provide the greater the risk you present of expanding the scope of the audit and actually costing yourself more money. The IRS agent has a reason and a strategy for your audit, and you should approach this process with extreme caution.
CPAs, Accountants and Tax Preparers offer no protection from the IRS during a Tax Audit
If you’ve received a letter of notification of an IRS audit you need an experienced tax attorney. Every conversation you have, every email you send, every piece of information you share with your CPA, account or tax preparer can be subpoenaed by the IRS and used against you. The only protection you have is the “attorney-client privilege“, a shield that is only available with an experienced tax attorney.
If you have been contacted for an IRS audit, you should never speak with the IRS directly. We invite you to contact us or call to speak with an experienced IRS audit attorney personally for a free and substantive consultation at 866-631-3470. Protect yourself, and learn about the process of an IRS audit and what to expect. Ask for our free brochure entitled “What to Expect from an IRS Audit”.