IRS Audit Defense Lawyer Protects Taxpayer Rights

An audit request from the Internal Revenue Service can be a very scary experience for all taxpayers. Some people are unlucky enough to be selected for an audit due to their involvement in questionable financial transactions. But this isn’t always the case. If you’ve received a notice of an IRS auditing notice, your best bet may be to call a highly skilled Denver IRS Audit Defense lawyer. A Denver attorney can help you navigate the complex IRS rules and regulations so that you can retain your tax-paying status. If you are looking for one, check out Defense Tax Partners website at https://www.coloradotaxattorneys.net/irs-audit-defense-denver-co/ for your Free Consultation and evaluation of your case!

 

There are two basic types of audits: the Functional Regulatory Meeting ( FRM) and the Urgent Review for Taxpayers (UROC). The Denver taxpayer advocate can help a taxpayer with both types of audits. The IRS cannot deny a taxpayer’s request for an audit until there are substantial and consistent facts indicating a reasonable suspicion that a refund is due. Once the IRS has established a reasonable suspicion, it is up to the audited taxpayer to request that an examination be conducted by the CPA. If a CPA refuses to conduct an IRS examination, then the audit is considered null and void. There are rarely exceptions to this rule.

 

The first task for any tax lawyer or tax resolution specialist is to assess the taxpayer’s individual financial situation. This involves reviewing all documentation provided by the taxpayer, as well as information provided by the government. Often, taxpayers will be asked to provide documentation in the form of bank statements, income tax statements, pay stubs, cancelled checks, utility bills, copies of canceled checks, and IRS payment records. Taxpayers may also need to provide an accounting firm’s statement, a certified statement by a tax practitioner, or a statement from the U.S. office of Education.

 

When taxpayers are preparing their case, they often make mistakes or omissions that result in improper assessment or underpayment. Examples include forgetting an itemized deduction; taking deductions that are not available, or failing to report foreign income. Other common errors include overlooking an employment tax or improperly applying a credit to federal tax liabilities. All of these errors, if they are discovered by the audit defense attorney, can result in the removal or suspension of the taxpayer’s tax debt relief.

 

In addition to reviewing financial records, an audit defense team will review the agency’s own process for identifying the proper taxpayer for a particular audit. Audits are usually targeted at taxpayers who fall within a specific revenue classification, such as those who have nonpayments on tax debts, delinquent taxes, or huge refunds. Because the IRS may target one particular group of taxpayers for a particular audit, the audit defense team must be able to analyze the agency’s methods and its definition of prohibited conduct, as well as the circumstances that led up to the original audit. The tax specialist will also need to explain why the audit is being conducted and why only that group of taxpayers is being targeted for inspection.

 

Having a strong support system is vital for a taxpayer’s entire audit defense process. The IRS audit team will rely heavily on the taxpayer’s cooperation. If the taxpayer fails to provide all the necessary documentation or fail to answer many questions, the audit process will likely move forward with the IRS without further complication. However, should the taxpayer continue to refuse to cooperate or answer questions, the audit could come to a screeching halt. Answering questions truthfully and completely is the best way to protect one’s assets and secure a tax resolution. Taxpayers who are granted extra time or extra funds to prepare and cooperate may ultimately save their tax resolution from being lost due to an IRS audit.

Taxation Attorneys and Accountants Can Help You Find Answers

There is no way that you can get a handle on Basic Taxation unless you are involved in the process. This is because it’s so important and you will be required to pay your taxes. You might wonder what you should do if Basic Taxation is part of your financial planning process. The answer is that you need the advice of tax attorneys and accountants as well as other individuals that have been involved in this type of thing for a long time.

 

There are two main reasons to take the time to learn Basic Taxation. First of all it’s a good idea because it prevents you from making mistakes when it comes to taxes. Mistakes in Basic Taxation can cost you a lot of money and can cause you to be stuck on the tax issue for years to come. For this reason alone, many people try to avoid Basic Taxation by doing self-pay audits of their personal finances.

 

Unfortunately this doesn’t really help you because there are so many different types of Basic Taxation issues that you will run into. There are tax issues that deal with how much money you actually owe and what deductions you are qualified for. Then there are tax issues that deal with capital gains, sales taxes, income taxes and dividends. There are also issues regarding property ownership, charitable contributions and mortgage interest. It really doesn’t matter how you want to pay your taxes because Basic Taxation is the only way to go. A tax attorney will be able to help you understand Basic Taxation better.

 

However, tax attorneys and accountants can only advise you on what tax issues are applicable to your situation. They can not represent you in court or negotiate with the IRS. The only person who can do all of these things is the IRS itself. If you owe back taxes or are facing tax penalty action, an attorney can provide some advice, but the IRS can also do this. That’s why it’s always a good idea to have your own tax professional to represent you.

 

There are many different ways that tax attorneys and accountants can help you with your taxes. One of the best ways to deal with a tax issue is to find the right tax professionals. When you look for tax attorneys you need to make sure that you do your research. Don’t just go with whoever looks easiest. You need to make sure that they have experience in dealing with the type of tax issue you are dealing with.

 

If you hire tax attorneys and accountants who don’t have the experience or the knowledge you need, then you run the risk of making the problem even worse. Make sure that when you find a tax professional that you take the time to check out their background. This should include a review of any cases they have been involved in. It’s also a good idea to ask if they have any references from other clients. The more references you have the better off you are going to be when it comes to your tax issue resolution.