The Dreaded IRS Audit Letter Arrived
It’s not that you were expecting it, but the fact is, it has happened. The IRS sent you a letter saying your taxes are being audited. Now what will you do?
An IRS audit is one thing most American taxpayers dread and lose sleep over.
The IRS seems to like it when people get nervous. In fact, to help scare people into filing, around tax time every year the IRS makes sure to publicize its audits of famous people. They also publicize arrests of famous people for tax evasion. In fact, according to an article recently posted in AccountingToday.com, the rapper DMX was just arrested for allegedly evading $1.7 million in taxes.
If you make between $25,000 and $100,000 per year, your chances of getting audited are slim unless you make glaring errors on your tax return.
And don’t be fooled into thinking if you make less than $25,000 that your odds of getting audited are lower. In fact, they are higher. This is because many of taxpayers in this bracket claim the earned income tax credit and the IRS conducts many audits to ensure that the credit is not being claimed fraudulently.
While it’s true that few things are more personally stressful than an IRS audit, it doesn’t have to be that way. A reputable tax attorney can keep your life from getting completely off-kilter during an audit.
As tax specialists, we deal with every request from the IRS: every discussion, every round of paperwork, so you don’t have to.
We’ review all tax filings carefully and thoroughly. In fact, we often find that audit clients overpaid their taxes. In these cases, we file an amended return and clients receive a refund from the IRS.
So, even if you received an IRS audit letter, keep your wits about you. Contact us and schedule a consultation so we can discuss all of your audit representation options.