Have former IRS agents and managers represent you during a IRS Tax Audit.
Is the IRS auditing your tax return? Our company has former IRS agents to help you through this process.
Here are some of the techniques that the IRS will use to audit your tax returns:
Methods for accumulating evidence include:
Analytical Tests — such as analysis of balance sheet items to identify large, unusual or questionable accounts. Analytical tests use comparisons and relationships to isolate accounts and transactions that should be further examined or determine that further inquiry is not needed.
Documentation — such as examining the taxpayer’s books and records to determine the content, accuracy, and substantiate items claimed on the tax return.
Inquiry — such as interviewing the taxpayer or third parties. Information from independent third parties can confirm or verify the accuracy of information presented by the taxpayer.
Inspection — such as physically examining the taxpayer’s assets, e.g., inventory or securities.
Observation — such as conducting a tour of the taxpayer’s business to observe the taxpayer’s daily business operations.
Testing — such as tracing transactions to determine if they are correctly recorded and summarized in the taxpayer’s books and records.
Factors that IRS will consider when choosing an examination technique are:
Will the examination technique provide the needed evidence?
Will the benefits derived from using a particular technique justify the associated costs to both the examiner and the taxpayer?
Are there less expensive alternatives that will provide the same evidence?
The following Examination techniques used to gather evidence are discussed in this section:
Interviews,
Tours of Business Sites and Inspection of Residences
Evaluation of the Taxpayer’s Internal Controls
Examining the Taxpayer’s Books and Records
Bank Record Reconciliations,
Balance Sheet Analysis,
Testing Gross Receipts or Sales
Testing Expenses: Cost of Goods Sold
Testing Expenses: Operating Expenses
Sampling Techniques
The IRS has a good idea after about a one hour period of reviewing the records just where the inquiry may go. If you have exposure, hire yourself a good tax professional.
Fresh Start Tax is one of the premier tax resolution firms in the country. We deal with all types of cases, individuals, business and high dollar corporate entities. We have a staff that specializes in every type of case. Some of our specialties include the following:
- Immediate Tax Resolution and Representation
- Offers in Compromise and Settlement
- Back Taxes/ Unfiled or Never filed tax returns
- Bank or Wage Levy Garnishments
- Letters of Intent of Notice to Levy
- IRS Tax Audits
- Hardship, part pay agreements
- State Sales Tax problems and Resolution
Our company resume:
- Our staff has over 140 years of professional tax representation experience
- On staff are Board Certified Tax Attorney’s, CPA’s, former IRS Agents, Managers and Instructors
- Former State Department of Revenue Manager and Instructor
- We are extremely moral and ethical in all our business dealings
- We have the highest rating by the Better business Bureau
- We are fast, affordable and economical
- We are licensed to practice in all 50 States
- We put a premium on client communication