Audit Representation

What Is an IRS Audit?

An IRS audit is a formal review of your financial information to ensure accurate tax reporting in accordance with the law. While selection for an audit does not always indicate a problem, it can be a stressful process. That’s why it’s crucial to consider professional representation when facing an audit.

Our IRS Audit Representation Services

When undergoing an audit, having experienced professionals by your side is vital. Our team of skilled tax attorneys and reconstructive accountants can provide the following services to protect your rights and interests:

• Comprehensive Power of Attorney: Granting us authority to liaise with the IRS on your behalf.
• Attendance at Audits: Our tax attorneys can attend the audit on your behalf, ensuring a knowledgeable representative handles the process.
• Parallel Audits: Conducting our own audit to identify concerns and discrepancies in the IRS’s findings.
• IRS Investigation Assistance: Offering guidance and representation during IRS questioning to avoid misstatements and additional difficulties.
• Effective Legal Representation: Exercising your right to have an experienced tax attorney represent you throughout the audit process.
• Disclosure and Documentation: Assisting with explanations for income discrepancies and providing proper documentation for deductions.
• Deduction Reconstruction: Helping reconstruct records or using alternative methods to substantiate legitimate deductions when original documentation is unavailable.

Avoiding IRS Audit Red Flags

While compliance is essential, it’s also important to be aware of red flags that may trigger an IRS audit. Here are some key points to consider:

• Accuracy: Double and triple-check your tax returns to avoid math errors.
• Avoid Rounded Numbers: Accuracy is key, so refrain from using perfectly round numbers or excessive estimations.
• Proper Business Expenses: Only claim business expenses essential to your work duties, avoiding personal expenses disguised as business expenses.
• Accurate Charitable Donations: Ensure you have proper documentation to support claimed charitable donations and avoid reporting false donations.

   

Even if you’re a compliant taxpayer, navigating the complexities of an IRS audit can be challenging. Our team specializes in providing expert IRS audit representation and can guide you through the process while safeguarding your interests.

Read our comprehensive blog post on How to Avoid an IRS Audit for more detailed guidance on staying in compliance and minimizing audit risks.