Have you received an IRS audit notice? While millions of taxpayers are audited every year, the concept that the IRS would like to take a closer look at your taxes can be nerve-wracking.
Even taxpayers that have nothing to worry about because they have filed their taxes in a timely and honest manner may be frightened of an impending IRS audit. Hiring a tax resolution company like Top Tax Defenders for audit representations can help ease the anxiety of an IRS tax audit.
DID YOU RECEIVE AN IRS AUDIT NOTICE?
It is important to note that not all audits are done face-to-face; in fact, the majority of IRS audits are correspondence audits, done through the mail. Even if you have not been selected for a face-to-face audit, audit representations by Top Tax Defenders help you assure that you are filling out additional paperwork completely and correctly, an important step to the audit process.
What will the IRS expect during an audit?
You will be notified of what documentation the IRS would like beforehand, so that you may prepare for a face-to-face meeting, or fill out correspondence audit paperwork. The IRS may be examining the entirety of your return, or they may only want clarification for a specific part of the return. For example, if you own a small business and have been continuously reporting a loss, and therefore no tax liability, for the business, the IRS may want further proof of your losses. This could include everything from rent receipts and utility statements, to a detailed record of customer billings.
Most audits end in a change to the return. This could be in favor of the taxpayer, or the IRS; the IRS does not necessarily target taxpayers that may owe them more money. You could walk away from an IRS audit being owed additional tax refund money.
While only about one percent of taxpayers are audited per year, you may find yourself in that minority. Instead of going through the stressful process of an IRS audit alone, seek audit representation from an experienced tax firm. Top Tax Defenders has 27 years of experience with the IRS, and knows what to expect from an audit.
Don't try to fight the IRS yourself when you can hire a team of tax practitioners and CPAs to represent you.
Let one of our tax specialists help you today.Call us: (212) 760-1124
We help for preparing tax returns & answer tax questions.
We support all individuals, small, medium-sized or big businesses.
Avoid issues with the IRS & assist with back taxes.
Save you time and money with accountants.
“My experience with Accelerated Tax Solutions has been unsurpassed from the moment I completed their contact form. My team has been VERY professional and met all deadlines.”
“They took the time to understand my issues with the IRS. They were able to resolve my issues and save me hundreds of dollars per year.”
“They got us all straightened out with the IRS and each person we spoke to was extremely pleasant and helpful.”
See the list below for our frequently asked questions. If your questions are not listed here, please Contact us.
Generally speaking, we attempt to secure a 30-day collection hold with the IRS. Meaning the IRS will not take any aggressive actions during the 30-day term. Within the 30 day term, we will need to be sure you are taking corrective action to become current and compliant, file all missing returns, and work toward developing a financial strategy to resolve the balance dues. However, we do have tools that will allow us to extend this timeline and if our efforts are going in the right direction, the IRS will usually allow us additional time.
This is a yes/no answer. If you owe the IRS more than $10,000 in 941 tax liability you can fully expect to have to provide information about your business. If the liability is more than $25,000 in 1120 income tax debt, the same thing applies. However, if you owe less than $50,000 in personal income tax debt or trust debt you may not have to provide information about your personal finances.
The IRS uses Low-Income Certification guidelines to determine whether a person qualifies for poverty level. If you meet the criteria, you do not need to send in the $186 application fee, and you can wait to send in additional monies, including your initial payment and monthly installments until you hear back from the IRS.
If the IRS does not contact you within two years about the Offer in Compromise, the agency will automatically accept it.
Yes, if your balance is below $25,000, you’ve been on a direct debit payment plan for 3 months or longer, you can apply to have your tax lien withdrawn. The experts at Highland Tax Group, Inc. can assist with this application.
Yes/No. Recently, the credit bureaus stopped harvesting data concerning IRS tax liens and reflecting the same lien on a credit report. However, if your tax lien was filed more than 1 year ago, the lien may still show up on your credit report
We take careful precautions to protect our clients’ information. The Logics server is as secure as can reasonably be provided and is housed in a state-of-the-art secure facility with power and internet backup. Your project site is password protected and we will not sell or share your information or any data you enter. No one will be able to access your data unless you grant permission.
You will have a money-back guarantee on your first month of subscription! We have a monthly fee charge after that depending on the number of users in your company. If you cancel before your billing date each month your credit card won’t be charged again for any subsequent months (refunds will not be issued if you do not cancel within 30 days).
Have any questions? Reach out to us from our contact form and we will get back to you shortly.