The IRS has been forced to tighten it’s audit strategy due to recent budget cuts, and IRS Commissioner John Koskinen clearly attaches the reduced number of audits to a 10% cut in IRS funding. While this may reduce the angst of many taxpayers, the reduction in the number of personal audits has another edge to the sword: each audit must generate a substantially higher amount of revenue.
If you receive notification of an IRS audit, it is more important than ever to seek the advice of a seasoned experienced tax attorney. The IRS is approaching each audit more agressively, with the goal of increasing tax revenue for the US Treasury. The tax attorneys at Allen Barron hold IRS revenue officers (known to most people as “auditors”) to high legal and accounting standards. We do not allow them to simply generate statistical models, and assert tax liability where none exists.
We protect our clients from the IRS, sheilding their information and keeping IRS auditors on track and within the legal scope of the audit. The IRS only has two weapons to keep US taxpayers in line: audits and collections. However, revenue officers have exceptional powers to seize your bank accounts and assets, garnish your wages, put liens against your home and even force the closure of your business.
Stand up to them. You should never deal with the IRS on your own. If you have received notification of an IRS audit we invite you to contact us for a free and substantial consultation at 866-631-3470.
