IRS Tax Audit Examination – Former Local IRS Audit Managers – IRS Audit Experts, Affordable – Ft.Lauderdale, Miami, Palm Beaches

May 14, 2013
Written by: Fresh Start Tax

IRS Tax Audit Examination – Former Local IRS Audit Managers – IRS Audit Experts, Affordable     954-492-0088

 
 
Hire former IRS agents and managers who worked out of the local  South Florida Internal Revenue Service offices.
As a result of our 60 years work experience in the local South Florida offices , we know all the systems, all the manual protocols and all tax audit defenses. We are one of your best chance for tax audit defense in South Florida for a IRS tax examination.
 
We are a full service tax firm that  specializes in IRS tax audit examinations. We are comprised of tax attorneys, certified public accountants, enrolled agents, and former IRS agents and managers.
 
As Agents we worked in the local, district, and regional tax offices of the Internal Revenue Service.
If you have received an IRS tax audit examination letter and need affordable IRS tax audit representation contact us today for a free initial consultation.
We can weigh-in on your situation and you can hear the honest truth about your case.
We are A+ rated by the Better Business Bureau and have been in private practice since 1982.
We are affordable solution for IRS tax audit examination.
Serving South Florida since 1982.
 
 

So why was my return selected for IRS tax audit examination?

 
 
When returns are filed, they are compared against “norms” for similar returns.
The “norms” are developed from audits of a statistically valid random sample of returns. These returns are selected as part of the National Research Program which the IRS conducts to update return selection information.
The return is next reviewed by an experienced auditor.
At this point, the return may be accepted as filed, or if based on the auditor’s experience questionable items are noted, the agent will identify the items noted and the return is forwarded for assignment to an examining group.
Upon assignment to a group, the return is reviewed by the manager.
Items considered in assigning a case are:  factors particular to the area such as issues pertaining to construction, farming, timber industry, etc. that have specific factors and rules that apply.  Based on the review, the manager can accept the return or assign the return to an auditor.
The assigned auditor again reviews the return for questionable items and either accepts it as filed or contacts the taxpayer to schedule an appointment.
 
 

Where will the audit be held?

 
 
It depends on the type of audit being conducted.
Audits by Mail/Correspondence Audit.
Some audits are conducted entirely by mail.
If the audit is conducted by mail, you will receive a letter from the IRS asking for additional information about certain items shown on the tax return such as income, expenses, and itemized deductions.
In-Person Audits.
In person IRS tax audit examinations are audits conducted either at a local IRS office or at your business location.

Can you request the audit be conducted at the IRS office instead of at your place of business?

 
 
If the audit has been scheduled to be conducted at your location, it will generally be conducted where the books and records are located.
Requests to transfer the audit to another location, including an IRS office, will be considered but may not be granted. Treasury Regulation 301.7605-1(e), Time and place of audit, discusses the items considered when a request for a change in location is made.
 
 

Can the IRS tax audit examination be transferred to another IRS office?

 
 
You can request a transfer of an audit if you have moved.
Several factors will be considered such as your current location, the location of the business and where the books and records are maintained.
If the audit is by correspondence, you can request a face-to-face audit because the books and records may be too voluminous to mail.
 
 

How long should the records related to a business or other long-term asset be kept?

 
 
In the case of an asset, records related to the asset should generally be kept for as long as you have the asset plus three years.
If the asset was exchanged, the basis for the new asset may include the exchanged asset so the records for both assets will need to be retained until the new asset is disposed plus three years from the file date of the tax return for the year of disposition.
 
 

How long should payroll records be kept?

 
 
In general, payroll records should be kept for six years with a review of the file to see if any items relating to current employees should be retained with current records.
 

After an IRS tax examination auditor completes the IRS audit, will the case be reviewed to ensure the audit results are correct?

 

All cases may be reviewed by the auditor’s manager either during the audit or upon completion. If errors are noted by the manager, the auditor will contact you to advise you about the proposed correction and what impact this may have on the amount of tax due.
 

How far back can the IRS go to audit my tax return?

 
 
Generally, the IRS can include returns filed within the last three years in an audit.  Additional years can be added if a substantial error is identified.
Generally, if a substantial error is identified, the IRS will not go back more than the last six years.
The IRS tries to audit tax returns as soon as possible after they are filed.  Accordingly most audits will be of returns filed within the last two years.
If an audit is for an older year, you may be requested to extend the statute of limitations for assessment of your tax return.  The statute of limitations limits the time allowed to assess additional tax.  The statute of limitations is generally three years after a return is due or was filed, whichever is later.
If the  IRS tax audit  examination is not resolved and the statute of limitations date is nearing, you may be asked to extend the statute of limitations date.
This will allow you additional time to provide further documentation to support your position, request an appeal if you do not agree with the audit results, or to claim a tax refund or credit. It also allows the IRS time to complete the audit and provides time to process the audit results.
You do not have to agree to extend the statute of limitations date.
However, if you do not agree, the examiner will be forced to make a determination based upon the information they currently have.
The IRS tax examiner may not be able to consider additional adjustments, such as expenses, that could lower the amount of tax due.
Contact us today for a free initial consultation and see if we can minimize your pain and problem you are going through as a result of a tax audit from the Internal Revenue Service. We are tax audit representation specialists.
 
 

 IRS Tax Audit Examination – Former Local IRS Audit Managers – IRS Audit Experts, Affordable – Ft.Lauderdale, Miami, Palm Beaches

 

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