Carolina Tax Resolutions provides IRS Audit Representation throughout North Carolina
Taxpayers across the nation need tax relief after being audited by the IRS – for very good reasons. After all, the IRS makes every effort to confirm all the numbers and detailed sums that you’ve put on your tax return(s). Almost all taxpayers can’t help but to become confused and disoriented when it comes to an invasive IRS audit, resulting in tax problems. Most individuals are unsure of what an audit actually is and what may be involved. An audit is defined as an “official examination and verification of accounts and records, especially of financial accounts.” But there’s much more to it than that. Carolina Tax Resolutions outlined some crucial details about the actual IRS audit process below for your consideration.
Three types of IRS auditing methods:
Mail audit - Mailed correspondence
Office Audit - You're asked to appear at an IRS office
Field Audit - The IRS auditor(s) make announced or surprise visits to you
Are there reasons why you shouldn’t try handling an audit yourself?
IRS audit agents are very experienced in interrogating taxpayers. They start out with a modest IRS audit letter or perhaps a phone call asking you to discuss something like your deductions. You’re then summoned to the IRS office. In virtually all audit cases, the agent will send you a document requesting bank statements, canceled checks, deposits, receipts, driving logs, utility bills and home or office expenses promptly after your first meeting. Most taxpayers are willing to send the agent all the documents requested. However, the IRS is only entitled to certain information. If you send in all the documents they’ve asked for, it can hurt you considerably moving forward. In some cases, an IRS agent may ask to visit you at your home. The IRS is simply trying to quantify what assets you have inside and outside your home. You don’t want an IRS agent at your residence, even if you’re confident that you have nothing to hide or fear.
There are several reasons why you should never handle an IRS audit on your own. You must understand that the IRS always has an exceptionally unfair advantage, since the average taxpayer lacks adequate knowledge of tax laws to suitably defend themselves. This is where Carolina Tax Resolutions can advise and help. If you've been contacted by the IRS, call Carolina Tax Resolutions today at 919-916-1000 for a FREE consultation.