IRS Tax Audits
Working To Minimize Your Liability In An IRS Tax Audit
If you have received a notice from the IRS regarding a pending audit, it is usually an indication that some type of discrepancy has been identified and the IRS feels that a more thorough review of your financial records is in order. It is important that you have effective representation from an attorney with the ability to protect your interests.
At the Law Firm of Lance R. Drury, we work with clients who have been targeted for an IRS tax audit. A large portion of our practice involves defense representation after the audit working to minimize your liability and obtaining relief from excessive penalties. We typically work with your accountants behind the scenes prior to and during the audit so as to avoid any unnecessary red flags that may arise for the IRS by having an attorney involved during these stages.
What You Need To Know About IRS Tax Audits
Getting audited by the IRS is an intimidating prospect. However, it isn’t necessarily a problem at all. An audit is simply a process of reviewing your taxes to ensure that you are properly reporting your income and taxes. In other words, the IRS is double-checking that the numbers in your return add up and match with other data they have.
Audits can be the result of random selection. However, it is often due to some suspicious activity that is caught by less-intensive checks. Nonetheless, being audited does not mean that you have done anything wrong. Even if you have a discrepancy in your return, it isn’t necessarily the result of ill intent. Of course, if you have some sort of dispute with the IRS, it is a good idea to get help from a lawyer. The right representation can help you to minimize both risk and your potential financial liability.
Discuss Your IRS Tax Audit Concerns With A Lawyer
Frequently Asked Questions
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