We are often asked “How should I prepare for an IRS audit?” If you have received a letter of notification from the IRS concerning an audit the first step you should take is to download our free guide “What to Expect from an IRS Audit” and contact the experienced tax attorneys at Allen Barron for a free consultation at 866-631-3470.
The first and most important thing to know is this: It is not in your best interest to speak directly with the IRS. IRS Revenue Officers (auditors) are skilled interrogators. They will ask you for information which may or may not be appropriate based upon the extend and nature of the audit. The IRS knows US taxpayers provide far too much information to the IRS in response to these requests. Taxpayers want to appear honest and cooperative. However, the IRS will use any and all information against them to maximize the additional revenue generated during the IRS audit.
Provide only the specific information requested by the IRS, and nothing more. Allen Barron clients appreciate the fact they may never even have to speak to the IRS during their audit with our representation. We handle all communications and work to ensure the IRS stays on track while limiting forays and fishing expeditions designed to expand the scope of your audit (increasing the amount of tax you would owe).
The second thing to know is every accounting, tax or financial professional you have worked with in the past must provide any and all information they have about you to the IRS as well as any notes they have taken (including correspondence such as texts and emails) in response to an IRS subpoena or request for information.
Allen Barron’s tax attorneys extend the protections of the attorney-client privilege which is an absolute brick wall to the IRS. You can discuss your situation and all surround facts and figures in complete confidence under this protection. Our integrated tax, legal and accounting services ensure you limit the reach of the IRS while reducing or eliminating the impact of your IRS audit. If you are asking “How Should I Prepare for an IRS Audit” the answers are: “very carefully,” and “call Allen Barron for a free consultation at 866-631-3470.”