Are You Prepared for an IRS Audit?

 


$45.6 billion dollars was approved by the Senate to help the IRS to IMPROVE ENFORCEMENT which is causing a lot of us to become concerned.

 WHAT COULD HAPPEN? 

 The chances of getting audited has dramatically increased. 

4 Ways to Prepare in Case You are Audited 

1. Be sure that all expenses claimed on your tax return are accurately supported by receipts.

2. Review your Tax Return before you sign it.

    • Take your time and review all income/expenses claimed BEFORE SIGNING
    •  ONLY YOU, not your tax preparer, is responsible for the information reported on your tax return AFTER YOU SIGN IT
    • Compare your tax return with the previous year and question any differences to be sure you can support any changes
    • Ask alot of questions to learn the laws used to prepare your tax return
    • Have your filed tax return amended if you catch the errors BEFORE the IRS catches them
3. Hire a Reputable Tax Preparer that has a history of Assisting with Audits
  • Confirm they have represented others in audits in the past
  • Ask questions to find out the procedures they used in the audits and the results of the audit
  • Be aware that a lot of INCOMPETENT TAX PREPARERS cannot be reached for help when you receive the audit notice
 4. Expect the IRS to file your tax return for you if you don't file
  • If you don't file the tax return, the IRS will file it for you based only on the income you made since they don't have access to the expenses
  • Be sure to call the IRS immediately if you receive any and all notices to avoid going into collections

THE IRS HAS ALREADY BEGUN THEIR ENFORCEMENT PLANS!

Just this week, I have received 3 requests for assistance with audits from new clients whose recently filed  2021 taxes were flagged for an AUDIT.  

Two of these tax returns were prepared by INCOMPETENT and UNSCRUPLOUS tax preparers who reported unsupported amounts on the tax returns and were not able to be reached for help with the audit.  The 3rd one had some obviously OVERSTATED claims for deductions that were RED FLAGS and easily caught by IRS's new systems.

 ALWAYS BE PREPARED FOR THE AUDIT!

Contact Us if you would like us to represent you in an Audit, would like Tax Advice, Tax Preparation or have need of any of the other services we offer.

Your Tax Place, Inc.

www.Dorseytaxplace.com / 972-672-8850 / DorseyTaxPlace@gmail.com

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