If you have received a notification from the IRS of their intent to audit your tax return(s) your first step should be to gain an understanding of what to expect from an IRS audit. You should never contact the IRS directly, or provide information – especially in an attempt to get on the auditor’s “good side.” We invite you to call for a free and substantive phone consultation at 866-631-3470, to discuss your unique circumstances and the issues the IRS wishes to audit.
You were selected for an IRS audit in all likelihood because an element of your return fell outside of the statistical “norms” for an element the IRS is paying specific attention to. Each year the IRS secretly identifies behaviors that groups of taxpayers use to reduce or avoid paying taxes, and develops a systematic approach to identify likely targets using a “bell curve” analysis. When you statistically plot a data point, the shape the results usually create is a “bell” which is broad at the base and then curving up to the top where it crests. The statistical norm is represented by the middle section of the bell, and those that fall outside of the range established by the IRS are likely to be audited.
If you are facing an IRS audit there are several things you need to understand. We invite you to review our free PDF entitled “What to Expect from an IRS audit” which can be downloaded from the right hand side of our home page at no cost. Learn about the protections of the attorney-client privilege. Next, call for your free and substantial consultation at 866-631-3470. The experienced tax attorneys at Allen Barron will develop a strategy to keep your exposure to the IRS at an absolute minimum.