Receiving notice of an audit by the IRS doesn’t always mean having to sit in a room with an auditor as he or she goes through your financial records with a fine-toothed comb. In some cases, the discrepancy may be easily resolved via correspondence. In other instances, of course, a more in-depth investigation will be required. How can you be prepared for every eventuality? Contact Price Advantage Accounting when you get that initial audit notice in the mail.
We’ll take a good look at the notice. If it can be addressed simply by mailing in a key piece of paperwork that shows the correct facts and figures, we’ll help you do just that. If a closer look by the authorities is needed, we’ll take steps to help you prepare and present your best possible case. Face-to-face IRS audits often occur in the following situations:
- You’ve omitted substantial income.
- You’re a high-earning self-employed taxpayer.
- You’ve repeatedly failed to report income that supports your lifestyle.
Even in this scenario, you won’t have to face the auditor alone. In fact, it’s often a better idea to let a member of our team interact with the auditor on your behalf. We’ll represent you with professionalism and care. Ready to learn more? Call Price Advantage Accounting today!