An IRS audit letter is one piece of mail you never want to receive. Nevertheless, if you or your business has had the bad luck to be singled out by the tax authorities, there’s no cause for panic. The best approach to an IRS audit notice is to take a deep breath and then get to work on a proper response.
For starters, the letter you get from the Internal Revenue Service will state a deadline for submitting your reply. That should allow plenty of time to go over the items under review and put together a suitable answer. You may want to use this time to seek expert counsel from a tax advisor experienced in dealing with the IRS.
At Taxation Solutions, Inc., we have a long track record of standing up for clients during IRS tax audits. We’re ready to represent you or your Virginia Beach-area business in virtually any sort of IRS audit situation. Whether your examination involves personal back taxes or corporate taxes, our knowledgeable tax professionals can help. We’ll keep your audit anxiety to a minimum by guiding you step by step through the entire process.
As veteran audit defense specialists, we like to remind our clients that the selection of your return for audit doesn’t necessarily mean a mistake was made or an issue was found. The truth is some IRS examinations end without any changes to the original tax return or even with a tax refund.
So keep your panic in check when you find yourself facing an IRS audit notice. To make smart use of the time before your response deadline arrives, contact Taxation Solutions, Inc. today!