Did you receive an IRS Audit Notice?
The most common reaction to an IRS Tax Audit notice is panic however it doesn’t need to be. Many IRS audit notices are randomly generated to ensure there are no large discrepancies on your tax return. Occasionally, however, there may be some items in your tax return that raise a red-flag and the IRS just wants to verify it. Regardless of why you received an audit notice, it’s important that you follow a few simple recommendations:
be proactive
Don’t ignore the audit notice. It contains time-sensitive requests that must be addressed.
stay positive
Not all audits result in paying more taxes. Many IRS audits result in no additional taxes owed or may even result in a larger refund.
get organized
Organize your records and receipts. The IRS will accept legally reconstructed receipts that were previously lost.
leave it to a professional
Let a professional CPA with extensive IRS audit experience do all of the work for you and ensure you’re in compliance.
Facing an IRS tax audit doesn’t have to be stressful.
The tax experts at Jay Finn, CPA have represented hundreds of clients in their IRS tax audits for over 37 years. Each audit is unique and requires an experienced tax specialist.
Jay Allen Finn is a former IRS Tax Agent who leverages his experience and working knowledge of how the IRS operates to fight for his clients.
Which tax professional do you need?
Different tax professionals provide different experience, knowledge, and services. Depending on how complex your tax resolution issue is, you may need help from several different professionals. Tax attorneys, Certified Public Accountants, and IRS Enrolled Agents all provide some level of representation. Learn the difference between each professional to choose which one is best for you.
Tax Attorney
Tax attorneys are lawyers who are familiar with the IRS tax code and can represent you in a case brought by the IRS. They are familiar with the court system and will analyze every detail of your case to build an argument to support your claim.
Tax attorney’s are not trained in accounting will not prepare or amend your tax return. Tax attorney’s also will not identify credits, exemptions, or deductions that you can claim to further reduce your tax burden.
Certified Public Accountant
While a tax attorney is effective at arguing on your behalf in a court of law, they aren’t trained in accounting. They also won’t prepare or amend your taxes. Tax attorney’s aren’t familiar with credits, exemptions, and deductions that you may be entitled to and could further reduce your tax burden.
A Certified Public Accountant (CPA) is a professional accountant is trained to help individuals and businesses to prepare and maintain their taxes. CPA’s may represent you in an IRS case. They can also advise you during audits.
IRS Enrolled Agent (EA)
An Enrolled Agent is a tax advisor who is authorized by the U.S. Department of the Treasury to represent taxpayers before the Internal Revenue Service (IRS).
An EA is able to interpret the IRS tax code and regulations and specializes in helping individuals and businesses with more complex tax matters.
The tax professionals at Jay Finn, CPA
How you benefit.
The tax team at Jay Finn, CPA comprises of Certified Public Accountants (CPA’s), Tax Attorney’s, and enrolled agent’s to better serve all of the tax needs of our clients. With over 35 years of experience representing individuals and businesses in their IRS tax cases, there’s no need to shop around for the right tax professional. We’re all under one roof…ready to help you.
