The Benefits Of Using An IRS Tax Audit Representative
Being audited by the IRS can be a very tense situation that causes a lot of stress. Many people do not realize that you can work with an IRS tax audit representative who could help you. There are a lot of benefits that come from working with an IRS tax audit representative.
Line Of Communication
One of the issues that you can have with a tax audit is that you do not know who you should be contacting. Should you contact the person you spoke to last or is there a general department that you have to communicate with? This is where a tax audit representative comes in handy because they work as your direct line of communication.
You will only have to get in touch with this person if you need to do anything related to your audit. They will also be able to provide you with information about the audit that you might have a hard time getting otherwise. When you have a direct line of communication, you will feel more at ease during the audit.
Identify Why You Are Being Audited
The tax audit representative (irs wichita ks)will also be able to identify the portion of your return that is being audited. This is important because it will help you determine what steps you have to take to facilitate the audit. You will also have a better understanding of what you need to provide the IRS.
This is actually another area that the representative will be able to help you with. They will help you gather all of the necessary documentation to make the audit go smoothly. They can also help you handle all of the other paperwork that needs to be completed and submitted for the audit.
Defend And Appeal The Audit
If your case needs to be defended or you would like to appeal against the audit, the tax audit representative will be able to help you. Defending and appealing the audit can be a daunting task if you do not know what to do. This is one of the reasons why many people will simply accept the audit and pay any fines that are received.
While defending you, the representative will also be able to negotiate or eliminate the amount of proposed debt. This is generally the result of an audit with very few audits ending in the IRS owing you more money. Negotiating the proposed debt is important, particularly if you will not be able to pay the debt or will face financial hardships due to this.
An Offer in Compromise is a form of installment agreement that you can have with the IRS. This will generally be negotiated by the representative based on your financial standing. An IC can help you pay back the proposed debt without facing any major hardships.
Protect Your Rights
The tax audit representative is there to help protect your taxpayer rights. Most people do not have a thorough understanding of what their rights in this area will be. When you work with a representative this will not be a problem because they have to legally think of your best interests and protect your rights.
They will have a clear understanding of what your rights are and the best way to protect them. They will also ensure that you never pay more to the IRS than you actually owe. If there is something wrong with the results of the audit, they can identify this and will help you.
When Do You Need A Tax Audit Representative?
Understanding the benefits of these representatives is important, but you need to consider when you need them. After you get a notice from the IRS, you should take steps to protect yourself. The best way to do this will be to hire a tax audit representative.
If the IRS has asked to see receipts for any of your write-offs, you should contact a representative before you take any further steps. They will be able to provide you with professional advice on what you should do and what you should not do. They can also ensure that you submit everything on time and in a manner that the IRS will not be able to ignore. You should also look at hiring a representative if you are not getting any response from the IRS in regards to your audit.