By Taxation Solutions on 2013-02-15
If you have received an audit from the IRS, we at Taxation Solutions know what you are thinking: The government wants to take a closer look at my finances!
An audit is a nerve wrecking and detailed process that millions of taxpayers endure each year. However it is important to know that not all IRS audits are done in a face-to-face setting. Most audits are performed via correspondence such as mail, fax and telephone. They normally are a lengthy, time consuming process.
What is an audit?
An IRS audit is when the IRS examines a business or individual’s tax returns to make sure they are accurate. An audit normally is conducted whenever a taxpayer has what the IRS calls a “questionable” deduction. An audit may also be conducted for
- Inaccuracies in tax returns regarding home office deductions, business expenses,
- Failing to report foreign bank accounts
- Failing to report all taxable income
It would be easy to think that dealing with an IRS audit would be an intimidating process, but fear not, an audit is not the end of the world. Taxation Solutions has years of experience in IRS audit representation and has relieved the stress of an audit for taxpayers across this country. If you have received an audit notice from the IRS, you don’t have to go at it alone. Instead dealing with the stressful process, contact Taxation Solutions for assistance. Call today for a free consultation.