IRS Audit Help When You Need It Most 

How long does it take to resolve an IRS audit?

 

You’ll get the best outcome in the shortest time if you answer efficiently with one complete letter that describes your situation and includes supporting documentation. If you follow this guideline, a mail audit can be completed in about three months.

If you want the best results, respond well ahead of the deadline with a well-organized and detailed answer that describes the items in question. More warnings are sent as a result of missed deadlines and insufficient answers, and the IRS is more likely to close your audit and assess you extra taxes.

If you are unsure of what you need to file or if you have missing information then we are here to help you.  Far from being a negative process, engaging with a professional enrolled agent when faced with an IRS audit can be just as likely to result in a refund than a bill, especially if you have filed taxes with a volume tax return provider that doesn’t go through your past returns with the same amount of diligence and care as a professional and smaller tax specialist may do. 

Which documents do you need for an IRS audit?

You need to make sure that all the transaction papers, like check books, payment invoices, sales receipts, journal vouchers, bank statements, tax reports and inventory records, are in order when preparing for an audit

You should also verify that all of the filed documents have the required authentication markings, such as transaction dates, document numbers, letterheads, rubber stamps, VAT tax slips, and approval signatures. Importantly if you are holding crypto assets then you may need a specialised crypto accountant to help you calculate your liabilities. 

Why do you need an expert to help you with the IRS audit?
 

Failing to respond to the IRS audit letter, responding late or not responding at all, will make the IRS disallow the items in question on your tax return and send you a bill with fines and interest accrued from the date of filing.

Having an expert by your side will help you to avoid mistakes and fill all the information you need at the right time.

Unless you know IRS language and can clearly express your tax return status to the IRS, you shouldn’t try to do the audit by yourself. We have been through IRS audits, we know it first hand and have the experience to provide you with the information you need to clearly communicate your tax situation. We will assist you in addressing any proposed fines if there is a change.

We understand that each client is special. We’ll talk about your situation with you so we can develop a solution that meets your needs, saves you money, and ensures your IRS audit is done correctly.

Working with Advanced Accounting and Tax Services
 

Unlike many traditional accountants, our team at Advanced Accounting and Tax Solutions has broad experience in tax and IRS audits. We know that IRS audits might seem difficult to handle, you don’t have to do it by yourself, we are here to help you.  We are based in Lansdale PA but we can assist you if you are located in Montgomery County or further afield if you are connected online. 

For more help on advice on planning, managing and preparing for taxation, contact our team; we provide a complimentary first consultation that helps you reduce your liabilities and gain tax efficiencies with savvy planning.