audits

A tax audit is a review conducted by tax authorities, such as the Internal Revenue Service (IRS) in the United States, to ensure that an individual or business has accurately reported their financial information and paid the correct amount of taxes. Audits can be triggered by red flags in a tax return, such as unusual deductions or discrepancies between reported income and information received from third parties. There are different types of audits, including correspondence audits (done through mail) and field audits (conducted in person). While an audit may seem daunting, it’s typically a routine process aimed at verifying compliance with tax laws. Maintaining accurate records and being transparent with tax filings can help mitigate the risk of penalties during an audit.

As a network of experienced tax professionals, our goal is to guide you through the audit process and ensure the best possible outcome. Our network of tax professionals will begin by reviewing your tax return thoroughly to understand the specifics of what the IRS is questioning. From there, your team gather and organize the necessary documentation to support your position. Our network will also handle all communication with the tax authorities, so you don’t have to. Our network of tax professionals will represent you during any meetings or hearings, ensuring your rights are protected and negotiating on your behalf if needed. Throughout the audit, you will be provided with clear updates and advice on the best course of action, helping to minimize any potential penalties or adjustments. Our focus is to resolve the audit efficiently and protect your financial interests.