Archive for the ‘IRS Audit Representation’ Category
How a Face to Face Audit Works
Tuesday, March 9th, 2010
If you take a deep breath and read it slowly, the audit letter you just received from the IRS will list the items the IRS wants to audit. A tax audit begins with gathering together all of the documentation the IRS wants to examine. Once this is gathered together, you will send it [...]
How a Business Audit is Different
Saturday, July 25th, 2009
A business tax audit is different from a personal tax audit in several important ways. Here is how we handle some of these business audit differences at IRS-SOLV:
We never let our client attend the audit interview. We prefer to do that…alone.
We ask our clients to allow us to speak to the IRS auditor, instead [...]
Tax Audit Representation – Who?
Friday, June 5th, 2009
When faced with an audit you may act on your own behalf at the interview or you may be represented. Tax audit representation is very important to select. For example you may want to be accompanied by a tax audit attorney, a CPA, or an EA (enrolled agent), or the person who prepared [...]
Finding a Tax Attorney to Deal with your Audit
Monday, May 11th, 2009
The best tax audit defense unequivocally comes from an experienced tax attorney. While a CPA is knowledgeable about tax rules, a tax attorney knows how to deal with the IRS and to protect your legal rights. If you or your business has been notified of an IRS audit, you should immediately contact a tax attorney [...]
IRS Audit Representation
Wednesday, April 29th, 2009
After receiving an audit notice from the IRS many people aren’t sure what to do next. The IRS can threaten taxpayers with wage garnishments and excessive penalties following an unsuccessful audit, and most people know that. Many people cannot even believe their current predicament as they respond to the initial letters and phone calls from [...]
Extend the Audit Statute of Limitations?
Saturday, April 25th, 2009
The Internal Revenue Code (IRC) at Sec. 6501(c(4) permits the IRS and the taxpayer to agree to extend the statute of limitations on assessment. Both parties must sign such an agreement. Is this wise, after all extending the SOL gives the IRS additional time to investigate the taxpayer. So whether to grant [...]
Attorneys Offer the Best Tax Audit Help
Thursday, April 23rd, 2009
After receiving the audit letter from the IRS, most people are in a complete state of alarm. They do not know where to turn for help. The government has the authority to claim that you owe them a specific amount of money in back taxes whether you agree or not. They also have the ability [...]
What Happens If You Don’t File
Wednesday, April 15th, 2009
What If You Don’t File Your Tax Return?
One thing is for sure with the IRS, your non-filing will eventually float to the surface and you’ll be found out. What happens if you don’t file? Tell the truth, most people–and rightly so–are too frightened to find out. Warning: Never mess around with the [...]
Power of Attorney
Sunday, April 5th, 2009
Power of Attorney
When you hire someone or some company to defend your tax audit, you first must sign a form the IRS calls the Form 2848, or Power of Attorney. The Power of Attorney form can be a double-edged sword. Why? Because this powerful form is [...]
Tax Audit Representative and Your Records
Saturday, April 4th, 2009
Tax Audit Representative and Your Records
How does your tax audit representative avoid having you appear at the audit when someone on your behalf must explain your case to the IRS? After all, the IRS audit guidelines are very clear about this: someone–you or someone acting for you–must explain the books and records you turn over. [...]