West Palm Beach – IRS Tax Audit Help & Representation – Former IRS Agents 954-492-0088
We are comprised of tax attorneys CPAs and former IRS agents. We worked out of South Florida IRS offices for over 60 years both in the local, district, and regional offices of the Internal Revenue Service.
We are A+ rated by the utter business bureau, we are fast, and affordable.
We have represented hundreds of South Floridians I have settled a negotiated their cases successfully.
You can contact us today for a no cost professional tax consultation.
IRS Audit Selection Process
Selecting a income or business tax return for IRS tax audit does not always suggest that an error has been made.
Tax Returns are selected using a variety of methods:
Random selection and computer screening. Sometimes returns are selected based solely on a statistical formula.
Document matching.
Over 1.4 million tax returns are selected for document matching audits. IRS collects billions of dollars through document matching. I arrest is not audit the tax return in the current year IRS will usually document match tax returns that are a year or two years old.
When payor records, such as Forms W-2 or Form 1099, don’t match the information reported.
Related examinations.
Tax returns may be selected for audit when they involve issues or transactions with other taxpayers, such as business partners or investors, whose returns were selected for audit.
IRS Tax Audit Methods
An IRS Tax audit may be conducted by mail or through an in-person interview and review of the taxpayer’s records.
The interview may be at an IRS office (office audit) or at the taxpayer’s home, place of business, or accountant’s office (field audit).
The IRS will generally tell you what records are needed.
Tax audits can result in no changes or changes. Any proposed changes to your return will be explained.
IRS tax audit Notification
Should your account be selected for audit, you will be notified in two ways:
1. By mail, or
2. By telephone
In the case of a telephone contact, the IRS will still send a letter confirming the audit. E-mail notification is not used by the IRS.
Your Rights During an Audit
To find out more about IRS tax audit information you can always secure IRS Publication 1, Your Rights as a Taxpayer, explains your rights as a taxpayer as well as the examination, appeal, collection, and refund processes.
These tax audit rights include:
a.A right to professional and courteous treatment by IRS employees.
b .A right to privacy and confidentiality about tax matters.
c. A right to know why the IRS is asking for information, how the IRS will use it and what d. will happen if the requested information is not provided.
e. A right to representation, by oneself or an authorized representative.
f. A right to appeal disagreements, both within the IRS and before the courts.
IRS tax audit Length
The length of each audit varies depending on the type of audit, the complexity of items being reviewed, the availability of information being requested, the availability of both parties for scheduling of meetings and your agreement or disagreement with the findings.
Records Needed for an IRS tax audit
You will be provided with a written request for specific documents needed.
The law requires you to retain records used to prepare your return. Those records generally should be kept for three years from the date the tax return was filed.
The IRS does accept some electronic records. If records are kept electronically, the IRS may request those in lieu of or in addition to other types of records. Contact your auditor to determine what can be accepted to ensure a software program is compatible with the IRS’s.
IRS tax Audit Determinations
An audit can be concluded in three ways:
1.No change.
an audit in which you have substantiated all of the items being reviewed and results in no changes.
2. Agreed.
an audit where the IRS proposed changes and the taxpayer understands and agrees with the changes.
3. Disagreed
an audit where the IRS has proposed changes and the taxpayer understands, but disagrees with the changes.
IRS tax audit Burden of Proof information
The responsibility to prove entries, deductions, and statements made on your tax returns is known as the burden of proof. You must be able to prove (substantiate) certain elements of expenses to deduct them.
Generally, taxpayers meet their burden of proof by having the information and receipts (where needed) for the expenses. You should keep adequate records to prove your expenses or have sufficient evidence that will support your own statement.
You generally must have documentary evidence, such as receipts, canceled checks, or bills, to support your expenses. Additional evidence is required for travel, entertainment, gifts, and auto expenses.
West Palm Beach, Boca Raton – IRS Tax Audit Help & Representation – Former IRS Agents