If you have received a letter from the IRS wanting to audit you or your company, it’s because they may have suspicion of your tax returns and want to further examine it
Although there can be criminal punishments for unpaid taxes, it’s more common to see these types of actions for more serious prosecutions like tax evasion or tax avoidance.
So if you do receive a notice from the IRS about auditing don’t panic. The IRS and all states allow a taxpayer to have an authorized representative to represent them on their behalf during the audit. If this is your first audit or your unfamiliar with the tax codes & laws, it may be best to seek a representative for guidance.
Palmer Financial Consulting is an authorized representative and an Enrolled Agent that can help strategize your protection against accusations from the IRS. We’ve helped hundreds of individuals and business owners resolve various audits from the IRS and managed their taxes from there forth to ensure proper filing to avoid future audits.
Benefits of an Authorized Representative?
Whether the reason for the audit is big or small, responding to the demands of the IRS can interfere with your daily responsibilities, work life, and even add emotional stress because of the time sensitive warnings. That’s when an authorized representative may be beneficial to simplify the solution for you. Here are some reasons on how you can benefit from an authorized user during an audit:
- Offer emotional and physical support by managing the audit on your behalf; while you carry on with your daily responsibilities.
- Protect you from being assessed or from being improperly or incorrectly penalized by the IRS.
- Speed the audit process by working directly with a representative from the IRS and providing them with the appropriate documentation requested in a timely fashion.