Receiving an IRS Audit letter in the mail is normally an unpleasant experience, or at least not welcome. The first letter normally includes IRS Form 4564, Information Document Request. The IRS Evidence Gathering Process consists of looking at major expense areas reported on your tax return and seeks the underlying support such as receipts, check copies, bank records and proof of deduction. Audit may start only with one area but can expand to all areas on your tax return, such as reported income and unreported income. The IRS audit (called an "Examination") takes significant time away from your business and family, requiring you to gather mounds of records substantiating each and every item reported on your tax return and develop a comprehensive understanding of tax law.
Obtaining a qualified representative as a CPA or Attorney is always recommended to help you respond to the IRS questions, issues, and requests for documentation. We have represented taxpayers (non clients and clients) for their individual tax returns and business returns with favorable results over the past 10 years.
The IRS leaves no stone unturned in its mission to determine the accuracy of your tax return. If you don't comply with the Auditors' wishes, the IRS will recalculate your tax and send you home with a hefty tax bill as your parting gift.
Many taxpayers decide to handle a tax audit themselves, and discover they may have been "penny wise," avoiding a representative's fee, but "pound foolish," because they received a substantial bill for a significant tax deficiency.
You see, IRS Auditors are trained to extract more information from you than you have a legal obligation to provide. IRS Auditors know that most people fear them and are ignorant of their rights. As a resul
t, they know they can use that fear and ignorance to their advantage.
Rarely do our clients even have to talk with the IRS. We handle it all for you so that you need not take time off of your business or job to handle the bureaucracy and paperwork of the IRS. No lost wages or business. You simply forward notification of an audit to us and we handle it from A to Z.