CLIENT TOOL BOX
tax audit
CLIENT TOOL BOX
Risk is a major consideration in taxation. We recognize that. So should you. Together we can take steps to minimize the likelihood of an audit, and to make an audit less formidable in the event you are actually audited.
The important thing to remember is ... as Judge Hand said ... "it is perfectly legal to re-arrange your affairs to pay less income tax."
TAX METHODOLOGY
AUDIT TRIGGERS
We identify and strip the audit triggers off your return.
WHAT IF AUDIT HAPPENS?
A tax audit will not become the nightmare it can be if you follow our instructions. That will put you in the best position possible for us to defend you in the event of an audit.
Getting an audit notice is a good time to make sure all of your documentation is in place. If it is not, you have ample time to fix that.
Follow our documentation suggestions, keep journals, keep your receipts, make notes on your receipts, pay particular attention to the requirements of particular deductions (such as mileage and meal deductions) and you should have nothing to fear.
We actually have more trouble on audits of returns prepared by other accountants. Our returns are very seldom audited. if you want explanations, please call.
That doesn't mean there won't be disagreements, but the audit will proceed in a more business like manner with few surprises.
THE IRS
For the past few years, the wheels have been coming off the IRS semi.
The safety switch is IRS appeals. That is where all of the competent agents are. So far, we have always had a decent, sane, competent agent in Appeals.
SUMMARY
don't worry. As long as you followed our instructions and supply all the documentation, the audit should not turn our badly.
email us
970-241-5040
cm@elliscpafirm.com