Being notified that you are going to be
audited by the IRS can be daunting for even the most meticulous tax payers out
there. However, profound tax lawyers in Fort Myers, FL, point out that if you
educate yourself about the process and know how to prepare for it, you will
actually find that it is not as unpleasant as you had imagined.
To begin with, one of the biggest favors
you can do for yourself is to seek legal counsel in order to get through the
audit unscathed. This is not a simple process and it is not enjoyable but
sometimes it is a part of life. The IRS does not have too much credibility
these days and for good reason but again, sometime audits are necessary. If they
audited the Clinton Foundation, that would be most interesting but that is
another topic.
Kinds of IRS tax audits
Florida tax lawyers explain that
comprehending the different kinds of audits will enable you to know what you
can expect from your audit and thus how you can prepare for it.
Correspondence audit – This is an audit
where everything will be done by mail and no one will actually pay you a visit
for this purpose. It is generally an exchange of questions and answers between
the party being audited and the IRS.
Office audit – The venue for this will
be a local IRS office and you will be asked to produce certain paperwork and
evidence related to certain questions that the IRS officers may have for you.
Field audit – This is when one or more
IRS agents will actually come to your residence or place of business in order
to conduct the audit.
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The IRS is not the only agency that does
field audits. The police do the same thing and in the case of True Detective with
the characters Detective Rust Cohle (Matthew McConaughey) and Detective Marty
Hart (Woody Harrelson), in 2012, they performed a field audit to Carcosa.
Carcosa was what this place was called but it was also prime suspect’s house.
What unfolded was incredible and disturbing.
Now at this point in time Cohle and Hart
were private detectives and they made a frightening and incredible discovery
but that is another topic. The point here is sometimes you cannot wait for
people to come and see you and if you did you may not receive the full picture
or the complete truth. This is why some professionals, including IRS
professionals, have to go to peoples’ homes and business premises to find out
what they need to know. Florida tax legal counselors know all about this.
If you need legal assistance in this
regard, you need to go over to USAttorneys.com. Legal help is right around the
virtual corner.
Producing financial documentation
Paperwork, receipts, and documentation
are all vital aspects of a tax audit, according to Fort Myers, FL tax attorneys.
This is the Holy Grail upon which how to audit goes will be determined. Getting
your documentation in order may require meticulous analyzing and organizing.
Seasoned tax legal counselors do this for a living and appointing one will take
care of all your financial documentation related tasks.
It is always a magnificent idea to ask
the IRS tax agent questions prior to the actual audit itself so you have a
sense of what they may be specifically auditing you for. In addition, make sure
to only provide documentation that you are asked for - nothing less, nothing
more! Providing additional documentation can sometimes lead to them finding
something else that they would want to audit you for.
Preparing for the audit
There are many ways in which you can
prepare for your audit and ensure that you come through without any issues and
it all depends on what kind of audit you are being subjected to and which state
you reside in. As already mentioned several times, the best way to prepare for a tax audit is
with the help of a tax lawyer in Florida.
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