For an IRS tax audit, you should speak with a qualified accountant and a qualified attorney. These professionals can best guide you through the process of an audit.
There are local CPAs that offer IRS audit help. The best of which is taxmasters. There at taxmasters, they solve your tax problems. They can be reached at txmstr.net, I believe.
Yes, the IRS can, and will, garnish an income tax refund if money is owed from an audit.
One receives an IRS tax audit notice when they believe one has filled out their tax audit incorrectly. One must gather all tax related documents, determine why they are being audited and if needed contact a tax lawyer.
A tax audit report summarizes the results of an IRS tax audit. In order to writer an audit, you must thoroughly analyze an individual's tax records and write our their findings and suggested actions.
audit reconsideration process letter
Companies that provide IRS audit help to the public are H&R Block, FreeTaxUSA, and various local law agencies throughout the country like Kahn Tax Law in both North Carolina and San Diego.
Since H&R Block prepared your tax return, you will be eligible for their Tax Audit Assistance program, which will provide basic support for your audit. There are higher levels of support available (with an Enrolled Agent, for example) if you pre-ordered that support, but that will cost money if you have not.
An IRS audit is a review/examination of an organization's or individual's accounts and financial information to ensure information is being reported correctly, according to the tax laws, to verify the amount of tax reported is accurate.
The IRS generally has three years from the date you file your tax return to audit it, commonly referred to as the "statute of limitations." However, this period can be extended to six years if the IRS suspects you underreported your income by more than 25%. In cases of fraud or if no return was filed, there is no statute of limitations, allowing the IRS to audit at any time. Thus, the frequency of audits for the same tax year is limited by these time frames.
The IRS offers tax help from a variety of programs, such as the IRS Volunteer Tax Income Assistance, Tax Counseling, they both can help the tax payer with a variety of answers on how to get special tax credits.
they will represent you in front of IRS in case of an audit. and if peace of mind was purchased HR block will pay up to 5000 for any fines or penatlies
There is no way to tell how much you will owe after an audit. Hiring an experienced tax audit lawyer can work through problems that may arise after the audit.