What You Need To Know If You Are Facing An IRS Audit
You’ve filed your taxes with the best hopes that you won’t receive any further correspondence from the IRS, other than confirmation that your taxes are paid.
The last thing you’ll want to see is an IRS audit.
Tax attorney Mary King of the Law Office of Mary E. King PL says the best way to prevent an audit is to not get audited in the first place. She shares some advice and says:
“You should do what you can to avoid issues by asking yourself ‘What is an expense and can I deduct it?’ If you don’t know the answer, you should speak with an IRS audit attorney to find out. It is also important to keep accurate records and receipts for all of your business expenses and know the difference between business and personal records.”
If you are audited, the process can be slowed down if your records are not organized and the IRS has trouble accessing them. It is important to prepare and maintain records of all of your business transactions. Keep receipts, invoice documentation, and other records as long as they are relevant to your business
If you are audited, the IRS has a duty to perform, and they will most certainly audit you if they have the legal right to do so. If you have been contacted and have the ability to respond, the best thing to do is strive to make the audit go as quickly and as smoothly as possible. This is where an experienced IRS audit attorney can assist you in taking the right steps.
The Law Offices of Mary King have been dealing with the IRS for decades and there isn’t any tax problem they haven’t seen.
With this type of experience and confidence in your corner, you stand to achieve a more favorable outcome. So give Mary King a call and see if she can help you.