At McCauley Law Offices, we understand the fear that comes with receiving an IRS audit letter.
With our extensive experience in handling audits for both individuals and businesses, we offer trusted audit representation services.
Our team of skilled tax professionals will fiercely protect your rights. Trust us to navigate the audit process and deliver results that bring you relief and satisfaction.
These are some of the audit notices we help with:
Parallel audits: When our client faces an IRS audit, we do a parallel audit using IRS procedures to determine what is raising concerns so we can document the deduction or income. We compare our audit with the IRS audit to find the misperceptions and mistakes in the tax return.
IRS investigation: Internal Revenue Service auditors are trained to ask questions that will elicit information about deductions and unreported income. Even a slight misstatement on your part can mean additional difficulties. That is why our firm recommends that you have experienced legal representation at all times during the audit process.
Effective legal representation: Because you have a right to legal representation during the audit process, we do not require clients to actively participate. An IRS audit is civil in nature, but if fraud or false reporting of information is suspected, it can become a criminal investigation. Therefore, anything you say can be used against you. It is imperative to have an experienced and effective tax attorney represent you. Your Pennsylvania tax audit attorney can appear in your place and answer all questions.
Disclosure of income: If your bank deposits exceed your reported income, the IRS may question this discrepancy. They will assume all deposits were taxable income and then assess you additional taxes. Our firm will identify potential reasons for these discrepancies, i.e., loans, gifts, re-deposits of cash, etc., and explain to the IRS why these differences exist. Moreover, we will advise you how to get the evidence to prove the deduction.
Documentation of deductions: The IRS wants documentation-receipts, canceled checks, bank statements-to support your deductions. If this documentation is no longer available we can help you reconstruct your records or use other indirect methods to prove that your deductions are legitimate. A disallowed deduction can result in additional taxes plus penalties and interest.
Should you ignore an audit reconsideration?
Failure to respond to an audit notice can lead to severe penalties from the IRS. They may deny your business expenses, impose substantial taxes, penalties, and interest, and even seize your income and assets, including wages, bank accounts, automobiles, and real property.
Get the IRS off your back.
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A taxpayer was taken aback when they received a letter from the IRS, indicating they owed several hundred thousand dollars in tax liabilities. Seeking guidance, the taxpayer reached out to McCauley Law office for assistance. Upon examination, we determined that the tax debt arose from an audit. Surprisingly, the taxpayer claimed to have had no knowledge of the audit, as the IRS had been sending correspondence to their previous address. To rectify the situation, our attorneys recommended pursuing audit reconsideration. Successfully contesting the IRS’s additional tax increase through audit reconsideration, we saved the taxpayer over $250,000. If you find yourself in a similar predicament and feel the IRS’s audit outcome was unreasonable or did not consider crucial information, you may be eligible for audit reconsideration—a process that allows you to effectively challenge and redo the audit.