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Tax Audits

Are you aware that Internal Revenue Service (IRS) does not need a reason for opening an inquiry into your business or personal affairs? This means that potentially everyone is at risk of a tax audit

TaxAssist Accountants can offer you Fee Protection Insurance which covers the cost of work your TaxAssist Accountant has to do towards an audit.

The costs associated with an audit can be devastating, and even if you are successful in defending yourself against the IRS, you cannot recover your costs from the department. But with this insurance, we feel that you will have peace of mind should you be audited.

Furthermore, your TaxAssist Accountant will be provided with experienced consultants (paid for by the insurance) to assist through the audit making sure it is resolved as quickly as possible.

How can I avoid an audit by the IRS?

The best route for avoiding an audit would be to employ an accountant first and foremost. Using an accountant should ensure that your return is accurate and complies with the US tax regulations. TaxAssist Accountants also use specialist software which will analyse the completed tax return to check for anything which may arouse suspicion by the IRS.

The IRS do, however, carry out a number of random audits which are, unfortunately, unavoidable. So even if you believe that there are no unusual entries in your accounts or on your tax returns, an audit could still happen to you.

 

 

Call us today to make an appointment with your local office

Consultations available by telephone or video

(201) 492-5677

Contact Us