Federal Tax Audits are a scrutiny of your information and accounts to ensure
you’re reporting and making your dealings according to the tax laws.
The term ‘Federal Tax Audit’ might instill fear among many business owners and
due to uncertainty or lack of knowledge they might not be able to figure out how
to handle the examination.
But remember that every problem has a solution. There are various types of
audits. Firstly, you need to figure out which type of audit you have encountered.
Once you are familiar with the type it will be easier for you to determine the effort
required to deal with it.
This is the most minor form of audit as it is generally conducted using letters and
phone calls to work with the representative of the organization. The letter usually
contains just a request for further information regarding your taxes.
However, it is crucial to immediately respond to whatever mail audit materials
you receive or if it is in the suggestion, you must pay the relevant amount as
soon as possible to avoid problems down the line
If you observe any misinterpretation, you may put a statement in your defense in
front of IRS. You can hire a professional Federal Tax Audit expert provided by
Accurate Tax Firm to have better insight and to handle your situation efficiently.
The IRS sends a letter, clearly listing your full name, taxpayer/SS ID number,
form number, IRS employee ID number, and IRS contact information. The letter
asks for particular documents which support your position on the taxes. In some
cases, the IRS just wants to witness some receipts for a charitable donation or a
credit card receipt.
To resolve the issue, all you have to is to respond to the letter with the required
documents attached. However, not having the demanded proof might be a
trouble for you.
To ensure safe reputation of your business, Accurate Tax Firm is here to handle
any such disputes by providing the excellent Federal Tax Audit Services.
The IRS conducts an examination of a taxpayer’s records from its offices, and not
at the taxpayer’s residence, to ensure compliance with tax laws.
The examination involves interviewing the taxpayer for clarification or proof of
certain claims. In order to pass the examination smoothly, it is essential to give a
satisfying answer to each question raised by the IRS. Any negligence can make
your interview complex.
Accurate Tax Firm helps you prepare for the audit and overcome your inabilities
to avoid any harm to your business.
The IRS conducts overall inspection of your business records at your residence
or office. This is the most comprehensive type of IRS audit and any detail can be
demanded by the IRS officials regarding your business, so you need to extremely
Therefore, Accurate Tax Firm with wide experience in this department is there to
help you by offering their services of professional Federal Tax Audit Services.
This is the most severe but also very rare form of audit. As the name suggests
the IRS examines your tax return line-by-line. If something doesn’t sum up
correctly or something unusual is observed in the record, the examiner will ask
you to explain or justify the unusual item.
It only occurs at the behest of National Research Program (NRP).
The IRS records and saves all the inspection for future purposes. You need to be
extremely careful throughout the process and Accurate Tax Firm makes it
possible through their services.