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INTERNAL REVENUE AUDIT
TAX PREPARER DUE DILIGENCE AUDIT
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FINANCIAL AUDIT
INTERNAL AUDITS

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Keep Your Cool During an IRS Audit: Protect Yourself with These Tips

Facing an IRS audit can be nerve-wracking, but with the right preparation and guidance, you can navigate it calmly and effectively. Here are some key steps to protect your assets and ensure a smooth process:

1. Let Your Tax Professional Handle It:

Never speak directly to the IRS agent during an audit. Your tax professional or CPA is your advocate and knows the ins and outs of the auditing process. They will handle all communication, negotiate on your behalf, and ensure your rights are protected.

2. Document Everything:

Organization is key! Gather all relevant documents, receipts, and statements related to the audit period well in advance. This includes bank statements, tax returns, financial records, and any supporting documentation for deductions or credits you claimed.

3. Be Prepared for Questions:

The IRS agent may ask specific questions about your reported income, deductions, or credits. Anticipate their concerns and have readily available documentation to address them. Remember, transparency and honesty are crucial.

4. Negotiate a Lower Amount (If Necessary):

If you owe the IRS, your tax professional can work with the agent to negotiate a lower payment or payment plan. They'll consider your financial situation and present arguments to minimize your tax liability.

Call now to find out how: 469-386-7901

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