IRS TAX AUDIT REPRESENTATION

IRS TAX AUDIT REPRESENTATION

IRS tax audit representation. For the last decade, the IRS has been under funded and as as a result the number of audits at the IRS has gone down. Several factors have changed the fact that in August of 2022, the Inflation Reduction Act presented to Congress by President Biden, had an $80 billion increase for IRS funding, and the large chunk of that is going into Collections and Enforcement. That means within six months, the time it will take the IRS to gear up for this, the number of audits will increase dramatically. The Pandora Papers and Panama Papers shed light on how the rich, celebrities, sports figures and even politicians, were using offshore accounts to game the tax system, and hide assets from taxation. That and a rising budget deficit, the public’s perception that more needs to be spent on social programs, and that the rich need to start paying their fair share, all attributed to the passage of the Inflation Reduction Act. If you have back taxes or a tax debt, now would be a good time to get those handled, prior to receiving an Audit notice from the IRS. IRS tax audit representation.

A Superior Tax Professional, which we have an abundance of here at Federal Tax Resolution, can then give you Tax Relief options, for after the Audit, not leaving you hanging as some firms do, who are adept at Audits, but when it comes to dealing with the tax debt, arguably the most important part of resolving a taxpayer’s problem, they have virtually no experience. When we go to the defense of a Taxpayer, with a IRS Tax Audit Representation, we handle every bit of correspondence with the IRS, after the Power of Attorney has been filed. Making sure you don’t make mistakes, that can cost you thousands of dollars in penalties is assured when that occurs. Other penalties, depending upon how you fell behind, may be unavailable. But those that come out of not knowing how to handle the audit are eliminated. IRS Tax Audit Representation in all 50 States. 1-888-689-7861

IRS TAX AUDIT REPRESENTATION

Whether you need Professional Representation depends upon several factors. First of all, are you able to do this competently ? If not, then seek Professional help. When the IRS sends out an Audit Notice, they often start with one year, not necessarily every year they might be thinking of. If they find you owe additionally for that year, they then will audit you for multiple years, causing you a large loss of time and potential penalties. Its best to try to nip it in the bud, if possible. If your Tax Audit involves missing income that was not reported, you absolutely should get IRS Tax Audit Representation . The penalties for that situation are quite large and can cause a financial hardship.

You have the Right to be Represented before the IRS. When President Clinton signed the first Taxpayers Bill of Rights, it was put into that Bill of Rights, your right to IRS Tax Audit Representation. If you are a business owner, and have Payroll Taxes owed, having to go through a tax audit will put you at risk for a Trust Fund Recovery Penalty, a 100% penalty on the Trust Fund portion of taxes you owe. These large penalties can cause severe problems for business owners, trying to pay the original amount to begin with. Then the IRS Tax Audit Representation help would be in your best financial interests, to try to stem the damage that might happen with a Trust Fund Penalty. If you are an individual with a income less than $35,000 and are only be audited for one or two years, you may try Turbo Tax as an alternative, but beware they do not offer Tax Resolution Services, so if you end up with a tax debt, you will be on your own. The same can be said for Jackson Hewitt, they offer Payment Plans and Penalty Abatements only. They do not offer a full suite of Tax Resolution products to help. The link to Turbo Tax, https://turbotax.intuit.com/corp/fullauditrepresentation/ Having to go thru a Tax Audit is usually a stressful period for a taxpayer, as they seem to come at the worst possible time. They are time consuming and end up better being handled by a Professional.

IRS TAX AUDIT REPRESENTATION

Having a Tax Professional Represent you at an audit has many benefits. First of all, the experience they have will alert you to what it is the IRS seems to be looking for. This is not as obvious at it might seem, simply form the Documentation list the IRS sends out, requesting an exhaustive list of things they want. By knowing what they really want, a good defensive position can be developed, base upon how you fell behind, what caused you to not file any tax returns due, any life circumstances that can be used in painting a picture of your situation that the IRS may not be aware of. If you owe Payroll Taxes, whether they are seeking a Trust Fund Penalty right away, or whether that can still be avoided. Who was responsible for forwarding the Payroll Taxes to the IRS ? Reasons why they were not. Multiple factors go into developing a good strategy for defending your rights at an Audit. But being prepared, and knowing what to do to begin with, is your best bet. And we know what to do, and how to prepare for Audits. We do audits in all 50 States and have for the last 36 years, as we are the Fourth Oldest Tax Resolution Company in America.

If you go thru an audit yourself, you risk making errors that can cost you penalties, but even worse, can cause the auditor to audit an increased number of tax years. If that happens, all the money you tried to save by doing it yourself will be wasted and you will spend countless hours working to obtain the documentation and prepare for the audit. Not to mention the added stress you will be under in doing that. If you end up spending 50 hours preparing for 4 years worth of tax audits, wouldn’t it be better to hire a Tax Professional, to prevent errors and end up with costly penalties as well ? If you don’t respond because you are scared of what you have done, or intimidated by the IRS, you will eventually have a Bank Levy or IRS Wage Garnishment to deal with as well. Avoid these by hiring a Tax Pro.

IRS TAX AUDIT REPRESENTATION

Having a good Tax Professional will increase your chances of a successful Audit Defense, and if you end up with a IRS Debt, we can then pursue options for a best result, depending upon your financial situation. We know every Tax Relief option in both the IRS and State Revenue Tax Codes. We look at what is called Offer In Compromise, Innocent Spouse, Penalty Abatement, Livable Payment Plans, if you are a business owner with Payroll Taxes, we can help mitigate the chance of a Trust Fund Recovery Penalty, or what they call a Civil Penalty, which shows up as CIV PEN on a tax statement. If you are thinking of disputing your Tax Debt, we offer Tax Court Representation in all 50 States and if you have a grey area of the tax code and need a Letter Ruling prior to filing your Tax Returns, we can do that.

Its not enough to hire a Tax Resolution firm that can help you with an Audit. You are probably being audited because the IRS thinks or knows you have a tax debt. What you need is a Tax Resolution Company that is recommended by other Tax Resolution Companies. We are Nationwide and the Fourth Oldest Tax Resolution Services frim in America. We can Represent Taxpayers who need help with an audit anywhere in the entire world. Use our decades of experience to get through your audit and get on with your life. IRS Tax Audit Representation in all 50 States. 1-888-689-7861

We have had to represent taxpayers who went through audits themselves and ended up with massive tax bills. We pursued options for Tax Relief based on how they fell behind, things that could have been brought up in the audit, but were not, due to the fact the taxpayer didn’t recognize the importance of those facts in the audit defense. So nearly a year later, and dozens of hours of wasted time later, with large penalties added, we had to step in to try to fix a problem that could have been lessened if handled properly from the start. For your family, your relationships, your job, or your business, get professional help with your IRS Audit. Call today for IRS Tax Audit Representation.

A good description of a IRS Tax Audit Representation can be found at the Wikipedia page, this is the link https://en.wikipedia.org/wiki/Tax_audit_representation#:~:text=Tax%20audit%20representation%20C%20also%20called,or%20state%20income%20tax%2