Tax season is a stressful time for many of us. Receiving an IRS (Internal Revenue Service) tax audit notice can keep you up all night. But it’s important to be aware of your rights and know that expert assistance is available for you and you don’t have to face it all alone.
In fact, the Government Accountability Office reports that the IRS audits only 0.25 percent of all returns on average. If you do end up being one of them, protecting yourself will depend on keeping reliable records and maintaining defined documents.
A Tax Resolution Expert can save your day, help you defend and protect your interests during an audit, and ensure that you are treated fairly by the IRS.
What is an IRS tax audit?
So, what exactly is a tax audit?
It is an examination of your financial information reviewed and tax return by the IRS to ensure you have paid the correct amount of tax. The IRS can audit any taxpayer, but they are more likely to audit taxpayers who have made complex tax returns, claimed large deductions, or have been flagged for potential tax fraud.
Typically, the IRS asks for specific documents and records to verify the information you have provided. While a tax audit may not necessarily lead to penalties or additional taxes owed, the mere thought of it can be intimidating.
What happens during an IRS tax audit?
If you are to be audited by the IRS, you will receive a letter from them requesting the required documents and information. This letter will explain what information the IRS needs and when it is due. If you do not provide the requested documents on the due date, it is considered that you have underpaid your taxes. They may schedule an audit interview.
During an audit interview, an IRS auditor will review your tax return and ask you questions about your income, deductions, and other tax-related matters. It is important to be prepared for your audit interview by gathering all of your relevant documentation.
How can a tax resolution expert help you with an IRS tax audit?
If you are to be audited by the IRS, do not panic. Instead, take the wise step of contacting a tax resolution expert to defend and protect against IRS Tax Audits. Working with a reliable partner like The Bee Dance gives you access to decades of experience and an in-depth understanding of dealing with the IRS in a wide range of tax scenarios.
A Tax Resolution Expert is essentially your advocate when dealing with the IRS. They will:
● Review your tax return and identify any potential problems.
● Gather documentation to support your tax claims.
● Develop a strategy to resolve your tax issues through negotiation, payment plans, or other means.
● Communicate with the IRS on your behalf, attending meetings and responding to inquiries.
● Represent you during an audit interview.
● Negotiate with the IRS on your behalf.
Conclusion
A Tax Resolution Expert can make a huge difference in the outcome of your case. They bring expertise, negotiation skills, and a sense of security to the table, helping you navigate the audit process and achieve a favorable resolution. So, the next time you find yourself facing the specter of an IRS audit, consider The Bee Dance to defend and protect against an IRS tax audit. Don't let the fear of the unknown keep you up at night; let a professional guide you through this challenging process.
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