Tax Audits

IRS Tax Audits Representation

The average face-to-face IRS tax audit results in an additional assessment of about $9,500. In most cases, individuals do not owe the taxes, but not being prepared or understanding the audit procedures may result in paying more than necessary. The IRS is guaranteed to intimidate you during the audit process.

IRS tax audits are serious matters, and individuals should not represent themselves. It is important to seek professional advice and have a representative handle the tax audit.

Why am I being selected for an audit?

An IRS audit is a review/examination of an individual’s accounts and financial information to ensure that information is reported correctly according to tax laws and to verify that the reported amount of tax is correct. 

Selection for an audit does not always suggest there’s a problem. The IRS uses two different methods:

• Random selection and computer screening – sometimes, returns are selected based solely on a statistical formula. The IRS compares your tax return against “norms” for similar returns. These ‘norms’ could include average deductions for your income bracket, or typical business expenses for your industry. The IRS develops these “norms” from audits of a statistically valid random sample of returns as part of the National Research Program the IRS conducts. The IRS uses this program to update return selection information.
  
  
• Related examinations – The IRS may select your returns when they involve issues or transactions with other taxpayers, such as business partners or investors, whose returns were selected for audit. 

Next, an experienced auditor reviews the return. They may accept it, or if the auditor notes something questionable, the IRS will identify the items mentioned and forward the return for assignment to an examining group.

The IRS will notify you by mail. This is where the anxiety starts for most Americans. We understand that the prospect of an IRS audit can be daunting, but it’s important to remember that you’re not alone. The chief reason for the worry is that the IRS has gone to great lengths to persuade the public that financial horror will befall them if they run afoul of the IRS. This is why most Americans would rather undergo a root canal than go through a tax audit. However, with the right professional assistance, you can navigate this process with confidence. Get a tax professional on your team.

Get Professional Help

When you receive an IRS tax audit notification, it’s crucial to contact the tax advisor who prepared your return. They are familiar with your financial situation and can explain the audit process to you. If they cannot provide the necessary guidance, call us immediately!

How Audit Representation Works

• With Excellent Tax and Accounting, you gain control over your audit situation. We stop the IRS from contacting you directly. All audit communication goes through Us, and we respond on your behalf, giving you the peace of mind that your case is being handled professionally and effectively. 
• Our Tax Professional, with their extensive experience and expertise, will meet with the IRS or tax authority in person, ensuring that your case is handled with the utmost care and precision. 
• We request that all meetings be held in our office.
• We help you organize the tax documents and verify all financial information reported on the tax return.
• Research tax issues that are likely to be asked by the auditor.
• Negotiate with the auditor or supervisor to minimize additional taxes and penalties caused by the audit findings.
• If you have a tax liability during the audit and cannot pay, we will work with the IRS to negotiate a manageable payment plan. This can help you avoid additional penalties and interest on your unpaid taxes. 
• Negotiate an installment agreement or offer in compromise and explain the payment alternatives.

Excellent Tax and Accounting, a team of experienced, knowledgeable specialists, can assist you in understanding the audit process and help significantly increase your chances of getting a better outcome. We know how frightful an audit by the IRS can be, so we go out of our way to put your fears at ease. Our team has a proven track record of successfully representing clients in IRS audits, and we are committed to providing you with the best possible service. When you hire us, you’ll finally be able to release all the anxiety you’ve been feeling about your IRS tax audit. Call us today for an appointment.