IRS / OTC AUDITS, DO NOT GO IT ALONE

Few things can be as intimidating as going through an IRS / OTC Audit, and no one should do it without repeseentation.  Going into an audit alone is like entering a boxing match with both hands tied behind your back. An Audit is usually requested when the information that was reported on the tax returns is found to be different than the one IRS has from other sources, although sometimes Audits are generated randomly. Usually, the IRS selects returns for Audit that have the greatest potential for additional tax to be collected. The goal is to obtain a "No Change" Letter (if appropriate) or to make certain that if there is additional tax to be assessed,it is the lowest amount under the law.

The IRS can Audit you by mail, in their offices, or in your office or home. The location of your Audit is a good indication of the severity of the Audit.

Correspondence Audits
• Typically, correspondence audits are for missing documents in your tax return that IRS computers have attempted to find. These usually include W-2's and 1099 income items or interest expense items.
• IRS Correspondence Audits are usually handled through the mail with the correct documentation.

Office / Home Audits
• IRS Office Audits are usually with a Tax Examiner who will request numerous documents and explanations of various deductions.
• This type of Audit may also require you to produce all bank records for a period of time so that the IRS can check for unreported income.
• Revenue Agents receive more training and auditing techniques than a typical Tax Examiner to conduct an IRS Audit.

All IRS Audits, Correspondence and Office / Home, should be taken seriously because they often lead to other tax years and other tax deductions not originally stated in the Audit letter.

Are you being Audited?

Unfortunately for the taxpayer, an Audit is not an easy process. If the IRS believes that there are significant back taxes still due, then one has to prove the validity of the business expenses or other write-offs. In these cases, the only solution for the taxpayer is to seek the help of a tax professional who has the knowledge on how to prove that the IRS debt calculations and demands are incorrect.

Our office is experienced in Audits and will be able to counsel and assist you throughout the entire process. With us you won't face the IRS alone!

Tax attorney Sherri Carver has the knowledge and the experience necessary to assist you with IRS/OTC Audits. Dealing with tax problems can be one of the most stressful times of anyone's life; Don't handle it alone! You need a tax attorney who understands tax law and how to help you end your tax problems.

Contact Our Office today for a free consultation regarding your tax problems!