W-2 forms, bank statements, paid bills, and all other records supporting the items appearing on your tax return should be retained for at least 4 years (preferably six), as the Internal Revenue Service or the State revenue service may request their reproduction in the event of an audit by them, of your return.

The major burden of proving the facts reported on your Income Tax Returns rests on you. We know the rules and follow them carefully, and if you can backup your deductions with the proper proof, then there is nothing to fear from an audit. The IRS reports that about 5% of all audits result in refunds! The vast majority of taxpayers overpay their taxes.

Some returns are selected at random for auditing and in case you are contacted, they are normally only requesting verification of some items on your return. Failure to respond is considered an admission of guilt and opens your return (and previous returns) to further investigation.

In any case, contact us before signing any waivers or agreements of any type. Even though a deficiency should be proposed by the examining revenue agent, you have extensive rights of appeal. Many areas of tax practice are controversial and a lot of transactions fall into these areas. You are not required to pay any more tax then the law requires, but it is often necessary to argue a little to establish what amount it is that the law may reasonably be construed as to requiring.

How do I win for you? I give clients an edge of their own-a plan to beat the IRS, legally, morally, and ethically. After 35 years, I can tell you that there’s a right way to handle an IRS case and there’s a wrong, wrong way to do it. A long time ago I figured out the key to winning and now I use it every day. So click on the left column and get a quick quote. Or give us a call at 1-877-IRS-SOLV (877-477-7658). We’re always happy to help.

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IRS-SOLV, INC., A PROFESSIONAL tax practice

A WORLDWIDE CORPORATION AND REPRESENTATIVE

OFFICES IN NEW YORK, CHICAGO, LOS ANGELES

Phone: 1-877-IRS-SOLV (1-877-477-7658)

Fax: 1-312-277-3719