Explore how Community CPA can represent you in front of the IRS
Navigating an IRS audit can be scary for business owners. Audits can sometimes stretch on for years, expanding from one company or expense item to include all related companies and expenses listed on tax returns.
This overwhelming process involves reviewing your financial data to ensure compliance with tax laws. Having professional representation can shorten your audit’s timeframe and scope.
The Role of Professional Representation
Business owners are entitled to representation during any government audit, including with the IRS. We speak with you and meet with them on your behalf to ensure your rights are safeguarded and your position is clearly communicated. Our team does all the documentation preparation and organization in a way the IRS easily accepts.
The tax professionals at Community CPA bring deep knowledge of tax laws. We have worked with thousands of cases with the IRS and know how to handle their inquiries effectively. Our expertise protects your business interests.
Types of Audits
Business audits can be categorized into three types: correspondence, office, and field audits. While correspondence audits are common and involve providing additional information via mail, office and field audits require in-person meetings. Each type will require a different strategic approach and handling to resolve the case.
Why Your Business May Be Triggered for an IRS Audit
IRS audits can be triggered for various reasons. Some of these may be within your control, while others are due to external factors. Generally, these triggers include discrepancies between reported income and the information the IRS has received from other sources, such as 1099s or W-2s. Additionally, excessive deductions or claims that stand out as unusually high compared to industry standards could attract scrutiny. Businesses that deal with large cash transactions also face higher audit risks. Understanding these potential triggers can help you maintain accurate records and take proactive measures, reducing the likelihood of an audit.
Learn more about potential causes of IRS audits in our YouTube video below.
Choosing the Right Service
When selecting audit representation, choosing a skilled representative can make a significant difference on the outcome of your audit. Community CPA’s audit representation team has the knowledge, experience, dedication, and commitment required to handle any tax audits with the best outcome possible.
Learn more about the process of dealing with an IRS audit on our YouTube channel.
Conclusion
For businesses facing an IRS audit, professional representation is a must. Our firm will not only safeguard your business but also provide peace of mind during the audit process.
If you have any questions or are looking for professional representation, contact us online today. And check out our YouTube channel for further guidance on accounting, payroll, taxes, and more.
