Have you received a letter in the mail from IRS indicating they are conducting an IRS tax audit of your personal income tax returns, or business income tax returns? Did you know the IRS could audit you for 1, 2, or 3 years should they choose to do so?
The IRS could also go back even further, especially if you’re under an FBAR requirement (Foreign Bank Account Reporting). Did you know the IRS tax audits can turn ugly if you aren’t represented appropriately, aren’t given your rights, and if you don’t know what you are dealing with? Not to mention can you imagine sitting in an IRS office for 4 or 5 hours at a time, taking off work to spend the day at the IRS, or working on documentation for the IRS just to get or give the wrong information altogether? Or end up with a worse situation than originally presented with.
In other words, one wrong move and the audit could turn ugly. You could end up owing the IRS tens, if not hundreds of thousands depending on the situation and changes presented. Lastly, the amount of sleep you would lose if you were handling an audit on your own is immeasurable.
If you’ve received an IRS tax examination letter, IRS tax audit, or IRS correspondence audit, we can help! Contact us immediately to discuss, before the IRS takes the bull by the horn!