Tax Audit

Tax Audit

One of the most ter­ri­fy­ing expe­ri­ences is when you receive a notice that you are going to be audited. The last thing you should do is to meet with the IRS, state, county or city audi­tors, with­out first con­sult­ing to seek guid­ance or advice from a tax professional.

Audi­tors are specif­i­cally trained to scru­ti­nize your infor­ma­tion. They under­stand of tax laws and will chal­lenge the valid­ity of your fil­ing. Tax­pay­ers are usu­ally at a dis­ad­van­tage because they lack the know how and exper­tise that the audi­tors have with taxes. At Tax Release Inc. (TR), you will be assisted by expe­ri­enced tax pro­fes­sion­als who will walk you through the process in order for you to have a bet­ter under­stand­ing of what you expect dur­ing the audit; your rights as tax­pay­ers; and the defenses that are avail­able to you.

The IRS may audit your taxes in three ways.

  • Cor­re­spon­dence exam­i­na­tions: The most com­mon of the three audits. Con­ducted by mail and many times resolved by sub­mit­ting or pro­vid­ing doc­u­ments to the IRS.
  • Office exam­i­na­tions: One on one interview.
  • Field exam­i­na­tions: Con­ducted at the place of res­i­dence or busi­ness. Field exam­in­ers usu­ally will review books, look at all the finan­cial infor­ma­tion, bank state­ments, assets, etc.

Any tax­payer who does not con­sult with a tax pro­fes­sional first is at a dis­ad­van­tage. Espe­cially if it is your first time to be audited. A tax pro­fes­sional will know what to dis­close and what is not necessary.

Don’t risk inter­view­ing with an audi­tor with­out legal rep­re­sen­ta­tion. Cer­tain infor­ma­tion that you give may be used against you.

At TR, we have expe­ri­enced tax pro­fes­sion­als who are very famil­iar with the audit process. Our pro­fes­sion­als know what audi­tors can and can’t do. Hav­ing TR by your side will ensure that your rights as a tax­payer are not vio­lated in any way, shape or form.