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 advantage of the IRS.
Quite the contrary, if you are targeted by the IRS for an audit it means they believe they can collect a significant amount in additional taxes, penalties and interest from your returns. Now more than ever it is important to seek the effective legal, tax and accounting representation of Allen Barron if you face an IRS audit.
Generally speaking, the IRS already has a plan for your audit and an amount targeted for your audit to generate in “additional revenue” for the IRS. What do you need to know if you have been contacted by the IRS regarding an audit? Allen Barron has prepared a free white paper entitled “What to Expect from an IRS Audit” which outlines the process of an IRS audit and important protections you should become aware of prior to responding to any contact by the IRS. Many taxpayers are not aware that it is actually not in their best interest to speak directly with the IRS. The IRS revenue officers (auditors) are highly skilled and trained. They know how to draw information out of a taxpayer, many of whom offer up far too much information in an attempt to come across as “honest” or “cooperative.” The fact is the IRS uses this information against you to increase the amount of taxes you will ultimately owe at the end of the audit.
Allen Barron works to limit the scope of your audit and to minimize or eliminate any additional payment you may be required to make to the IRS. If you have been contacted by the IRS for an audit it is important to realize IRS audits may be fewer but are increasingly aggressive and they have targeted you because they intend for you to write a substantial check. Protect yourself, and contact Allen Barron or call 866-631-3470 for a free consultation today. Ask about the protections of the attorney-client privilege which are not available with a CPA, tax preparer or other financial professional.