Audit Red Flags - Fox 5 News
Overall, we generally recommend that you retain counsel to guide you through the audit process. Although there are costs associated with hiring representation, they are normally worth the investment as it helps to minimize your overall liability and shortens the audit period. A few thousand dollars in legal fees can save your tens of thousands in tax deficiencies. However, whether retaining counsel is right for you is a case-by-case decision and we encourage anyone selected for audit to contact our office. Your initial consultation with us is always free. In addition, our breadth of audit experience in taxation can provide our clients with a wealth of insight on how best to handle their audit and limit their exposure. We will guide you through the process and explain step by step what is needed and why. Our firm has a good working relationship with the audit groups and can use to your advantage. In the majority cases, you will not have to meet with the auditor and we will handle the entire audit process. For more information go to http://www.irssolution.com/irs-audits... on our website.