We are the Best option in Houston tax audit
When it comes to dealing with tax examination, Green Tree is the best Houston tax audit solver. We are fast, and local in Houston. We are experts in tax preparation.
how to survive IRS tax audit?
During an IRS examination, you must convince the IRS that your taxes are accurate. Moreover, that you porperly, and accuratly filed the credits and deductions. These steps are how to handle the IRS examination.
Delaying the examinations
Delaying the letters is a big deal if you want to survive IRS tax audit and usually, work in your favor. Ask for more time when you need to get your records in order or for any other reason. IRS examination must be carried out within three years after the tax return is filed unless the IRS finds significant tax fraud.
Don’t host the IRS agent
Do not allow the IRS agent examination to be at your business or home. Instead, go to the IRS office or you can have your tax expert handle it. If the IRS insists on having the examination at your home or office, call your tax professional. Never face the IRS examiner at your place of business or home if you want to survive IRS problems.
Have realistic expectations
Do not expect to come out of the audit without you owing nothing. The odds are against you. The average adjustment for the Office examination (held in the office of the IRS) is $ 4,000; The average adjustment held on the field is $ 17,000.
Be brief
Do not give the IRS more information than they are entitled to and do not talk more than is necessary. If you have something to hide, do not provide anything extra, but do not lie. If in doubt or confused about anything consult a professional.
Do not offer other year’s returns
Do not give copies of tax returns of other years to the IRS – if you do and they find something that does not please them, they review those years too. Do not bring any document that has nothing to do with the year under examination.
reconstruct your records
If you are missing receipts or other documents needed for the examination, you are allowed to restore them. Try to organize all records that are required for the examination before the start. The organization can impress the examiner that you know what you are doing.
Negotiate
Ask the examiner about deductions and try to defend your positions. Do not try to negotiate the amount of taxes to be paid. Instead, negotiate tax issues – for example, if a certain deduction should be allowed. Also, do not negotiate by telling the examiner that you cannot pay the bills. This is not their business. Ulitimeley its best to hire an income tax preparation service professional, so there are no mistakes in the return.
Know your rights
Read IRS Publication 1, explaining the taxpayer’s Bill of Rights before the examination. Research legal tax issues through the IRS free publications and commercial tax guide. If you are still not clear about the tax law or how to present your documents to the examiner, consult tax professionals before it starts.
Appeal the result
When you get the examination report, call the examiner if you do not understand or agree with it. Meet him or her to see if you can reach a compromise. If this didn’t work, you can appeal with the IRS or go to tax court.
Consult a houston tax audit professionals
At Green Tree is our job to file income tax and help taxpayers with audits. If the problem of tax evasion occurs during the examination, do not try to handle it yourself. At that time, or any time the examination is not going well, you can ask for a break to consult a tax professional. Also, you can ask to speak to the manager of the tax examinator if you think that he or she is treating you unfairly.