Audit Notice
Even when you work hard to file every form correctly, the IRS still audits a percentage of returns each year. About a third of the audits are handled by letter and do not require a face to face meeting. You may only be asked to provide documentation or an explanation of the tax item. However, when more than a simple answer is required, it is a good idea to have professional representation.What you need to know
It’s important to understand the nature and intent of the audit. Oftentimes, only a portion of the return is the subject of the audit and not the entire return. In either case, you can benefit from professional representation because:
An experienced and qualified CPA knows the complexities of the tax laws and can be sure that your interests are protected. Full preparation for an audit can be an intimidating experience and can take valuable time away from your primary business and create unnecessary stress. Experience dealing with the IRS is beneficial for answering questions in the most positive way possible. Why me?
You may wonder why you were selected for an audit. There are countless reasons why you may get audited. Below are a few ways the IRS may target you for an audit:
Being part of certain professions/industries or specific types of workers;
--Having previous audits make you a target for future audits;
--Someone may have reported you to the IRS; Taking home office deductions;
--Showing unusually high itemized deductions;
--Having a side business that is unprofitable year after year;
--Being a high income earner (over $100,000).
--Ways we have helped GPP has helped reduce or eliminate IRS liability for the following audit cases:
How we can help
Our highest priority is to shield you from further, direct IRS contact. This alone can give you peace of mind regarding a tax issue. The overwhelming burden of financial pressure can be lifted when we work together for your best solution. The steps we take are:
1) Listen and learn about your situation. Initially, we will schedule a complimentary interview to determine the extent of challenges with the IRS.
2) Sign a power of attorney. Allowing a professional to be the authority to represent you before the IRS takes stress off of you and your daily life.
3) Stop the annoying phone calls or notices. Our firm notifies the IRS that we are representing you, which requires the IRS to communicate with and contact us directly. Our focus is to stop any harassment and direct all correspondence through our office.
4) Make a plan. After meeting with you to diagnose the problem, we’ll recommend the best course of action based on our experience and knowledge of the options available.