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Get Tax Help to Respond to
IRS Tax Audits |
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Get tax help from an
Audit Defense Specialists to help you respond
to an IRS Audit.
An IRS audit can be triggered by irregularities on a taxpayer's tax return or simply because the tax return has been selected at random to be audited.
Most commonly, a tax return will be audited because the information reported on the return is different from the information that the IRS received from other sources. A common example of this is when a taxpayer forgets to report interest they earned on a savings account. When the bank reports the income to the IRS, the IRS will then send the taxpayer a letter in an attempt to clear up the discrepancy.
This most common type of audit is called a Letter Audit. In these cases, the IRS will send a letter to the taxpayer informing the taxpayer that the IRS has made changes to their tax return.
In this letter the taxpayer is given the option of either disputing the changes or accepting them and paying any balance due. Sometimes the best response is simply to accept the IRS changes and pay the balance, but in many cases, the IRS has made mistakes and it may be worth it for the taxpayer to dispute the amount owed. Most letter audits are resolved fairly quickly and easily.
Many IRS Tax Audits are not this simple. An audit which questions the validity of business expenses or other write-offs or results in a large balance owed to the IRS can be more difficult to respond to.
These audits often will require the help of a Tax Professional to prove to the IRS that the expenses claimed are reasonable and necessary for the business in question or to prove that the changes made by the IRS are incorrect. In these cases, writing a letter to the IRS may not be sufficient for the taxpayer to defend their position.
Hiring an Washington Tax Services Audit Defense Specialist, may be the taxpayers best hope for a successful defense.
An Audit Defense Specialist will thoroughly
review your tax return, look over receipts
you may have and research the industry that
the business is in to determine if the amounts
of the expenses are in line with other businesses
in the same industry.
A good audit defender will also review other areas of the tax return to determine if additional write-offs are available which could offset any additional tax owed as a result of the audit.
Washington
Tax Services specializes in assisting
small businesses and individuals with their
taxes. Contact them using the online form
on their web site.
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