Many people get audited by the IRS. Find out how having an enrolled agent on your side during this process can benefit you and can help you navigate any tax penalty.
Taxes are not usually fun for anyone, whether you're dealing with them as an individual or as part of a business. Getting audited by the IRS is perhaps the only thing less pleasant than doing your taxes in the first place. Find out how securing income tax audit representation from an enrolled agent can help you during this process. Whether you need small business tax help or individual assistance, having audit representation can make a huge difference before, during, and after the audit process.
An IRS audit is performed in order to confirm that both of these goals are met. During an IRS audit, the government will go through your tax and financial records with a fine-toothed comb. If your tax records are incomplete or inaccurate in any way, or you underpaid your taxes, the IRS will assess the appropriate penalties.
An agent will also be able to help you collect and prepare all the necessary information that you need to successfully complete an audit. He or she will be able to double-check to make sure you have all the paperwork and documentation that is required and organize all of it in a way that will be useful for both you and for the IRS.
Your agent can also help you stay informed about what your options are as the audit progresses. If the IRS determines that you do owe back taxes, your tax consultant can help you decide what to do. If your enrolled agent is part of a tax resolution team, he or she can provide tax helpin the form of resolution services. If this is outside of your tax advocate's scope, he or she will at least be able to point you in the direction of appropriate tax relief so that you can get your finances back on track.
Having the knowledge and experience of an agent at your disposal during the audit process can mean the difference between getting slapped with tax liens and other penalties and being able to negotiate an offer in compromise with the IRS.
Taxes are not usually fun for anyone, whether you're dealing with them as an individual or as part of a business. Getting audited by the IRS is perhaps the only thing less pleasant than doing your taxes in the first place. Find out how securing income tax audit representation from an enrolled agent can help you during this process. Whether you need small business tax help or individual assistance, having audit representation can make a huge difference before, during, and after the audit process.
An IRS audit is performed in order to confirm that both of these goals are met. During an IRS audit, the government will go through your tax and financial records with a fine-toothed comb. If your tax records are incomplete or inaccurate in any way, or you underpaid your taxes, the IRS will assess the appropriate penalties.
An agent will also be able to help you collect and prepare all the necessary information that you need to successfully complete an audit. He or she will be able to double-check to make sure you have all the paperwork and documentation that is required and organize all of it in a way that will be useful for both you and for the IRS.
Your agent can also help you stay informed about what your options are as the audit progresses. If the IRS determines that you do owe back taxes, your tax consultant can help you decide what to do. If your enrolled agent is part of a tax resolution team, he or she can provide tax helpin the form of resolution services. If this is outside of your tax advocate's scope, he or she will at least be able to point you in the direction of appropriate tax relief so that you can get your finances back on track.
Having the knowledge and experience of an agent at your disposal during the audit process can mean the difference between getting slapped with tax liens and other penalties and being able to negotiate an offer in compromise with the IRS.
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