IRS audits take significant time away from your business and family, often 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.
The IRS leaves no stone unturned in its mission to determine the accuracy of your tax return. If you don't comply properly with the Auditors' requests, the IRS may recalculate your tax and send you home with a hefty tax bill.
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.
Further,
- Do you clearly understand what information you are required provide?
- Are you putting yourself at risk by providing much more information than you have a legal obligation to provide?
Rarely do our clients even have to talk with the IRS. We handle it all for you so that you need not take time away from your business or family to handle the bureaucracy and paperwork of the IRS. Forward notification of an audit to us and we handle it from A to Z.
For more information, please contact Tax Partners Alan Yates or Craig Rubin either via email or call at 631.845.5252.
