While most of us are never audited, when it happens it can feel a lot like a lamb thrown in the room with a lion. The IRS auditor does these audits every day. They know what to look for and can ask leading questions that you may easily answer incorrectly. So what are some good tips when you are in the cross-hairs of an IRS audit?
Address correspondence issues with the IRS timely. Do not let the problem get to a point that a face-to-face examination is required.
Ask for help. Do this right away. Too many clients think the problem is easy to resolve, but inadvertently say the wrong thing or open another audit issue inadvertently.
Understand what is being asked. Clearly understanding the core question can simplify the solution. Why is the IRS asking to see your 1099s? Do they have a form that you do not? Why are they asking about your small business profits? Are they thinking your business is a hobby?
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Contact Person : Leon A. Elwell
Ph : (856) 853-5422
Address: 943 Kings Highway Suite 204 West Deptford, NJ, 08066
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