IRS Civil Tax Audits
Has your business received a notice that the IRS is auditing a tax return? If so, rather than attempting to represent the entity by yourself, seek knowledgeable advice from a tax boutique, such as Law Offices of Christy Lee, P.C. We can mount an effective defense for you based on our knowledge of the intricacies of the tax law.
The awareness that your tax matter is being handled competently and professionally will alleviate the strain associated with an IRS audit, so you can focus on quality work production instead of worrying about an unfavorable audit with potentially enormous penalties and interest attached.
We first review your business financial records and reports to determine the standing of the business, and we discuss with you the various options available for resolution of the matter.
We then mediate between your business and the IRS on all levels regarding the audit. In other words, neither you nor the business’s other representatives are forced to communicate with the IRS directly. This protects you from inadvertently providing outsiders irrelevant and potentially damaging information concerning your business.
We are familiar with the techniques employed by IRS auditors, meaning that we can protect your business interests by forestalling disclosure of irrelevant or misinterpreted information that potentially damages your case. We focus on the following:
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The IRS audit is conducted with an eye toward your standing as a taxpayer, including the timely examination of your books at a reasonable location and your right to record communications, to demand confidentiality from the IRS, to refuse to be interviewed outside of the summons process, and to retain representation.
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Limiting the scope of the audit, so the IRS will not press to open tax returns from additional previous years.
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Assessing your audited tax return and verifying that the information reported to the IRS is accurate. We may review expenses, statements from financial institutions, and gross receipts, and we search for legitimate deductions that have been overlooked.
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Working toward the best possible resolution for your business while you remain in full compliance with Internal Revenue Code.
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And throughout the process, we can advise your business’s financial team concerning ways to lessen your chances of facing adverse IRS action in the future.
If your business faces an IRS audit, our tax boutique offers a multi-faceted approach to achieving a reasonable outcome, and we will advise your business concerning preferred methods to avoid similar situations that may trigger audits in upcoming tax years. Handled with professional care, an IRS audit of your business should not be a taxing experience.