Get the best IRS tax audit help in Houston
Despite, seeing many companies on google who can provide the IRS tax audit help in Houston, not all of them are trustable. Additionally, Green Tree Tax has been providing partnership tax preparation service and individual tax filing services for over 5 years in Houston.
8 myths about IRS tax examination
Let us get straight to the point; what are 8 myths about the IRS tax examination? Many Americans fear to get into an audit by the IRS. Just like with 
anything that provokes fear, there are many misconceptions and rumors surrounding this tax audit.
Some of these speculations are just false. Let’s look at these legends and find out why we should not believe them.
1) E-Filing is likely to trigger an auto examination
E-Filing is by far the norm now, it represents about 90% of all reported taxes. However, it does raise the possibility of an auto examination. Also, the IRS does not publish statistics that can definitively answer this question. Luckily, we can draw some conclusions from what we know. The IRS said self calculated returns are 20 times more likely to have errors than electronic returns. Besides, mistakes can make a human to take a second look at tax forms. This speaks well for electronic filing. Now the second of 8 myths about the IRS income tax Houston examination.
2) Amending your taxes can triggers examination
IRS strongly rejects this myth. Of course, the second return is well-reviewed just like the first one. Filing the form 1040x and explaining the purpose of changes can as well raise the change of an audit.
3) IRS agents will knock on the door
Despite rumors, this is partly a myth. Yes, sometimes the IRS can schedule an examination at your home or workplace. However, 70% of the examinations are entirely by mail. It is also interesting to note that the IRS does not contact taxpayers by e-mail. So every e-mail claiming to be from the IRS examination office is a scam.
4) The IRS does not use the phone
Notably, there is an increase in phone and e-mail IRS scams. However, you can not hang up immediately because of the IRS contact taxpayers by telephone regarding the possible examination. Because never for the first interaction will call you. If you suspect the caller, take their name, badge number, and extension number and then call the IRS main number. Their main number is 800-829-1040. Know that the real IRS agents will never ask for a bank account, credit card or Social Security number over the phone.
5) The Fewer examination is good for everybody
Nobody likes to go through an audit, so fewer examination is a good thing, right? Well, according to the IRS, a 12% reduction on examination between 2013 and 2014 cost the federal government around $ 2 billion in revenue. Having less revenue makes it difficult to reduce taxes, which is not a good thing.
6) Filing late risks examination
Some people have the impression that the use of an extension for filing later increases your chances of getting IRS correspondence. The IRS does not cite factors that can trigger the examination, but opinions are divided on this point. Moreover, a tax lawyer Robert Wood, writing for Forbes believes that the late submission actually reduces the chances of getting an audit. Because of the extra time means less rush in filing and well-prepared tax return.
7) Tax examination are frightening to experience
Personal finance expert Liz Weston, writing for NerdWallet last month, said Congress made changes to the IRS in 1998 in response to complaints about excessive enforcement. Ordering them to focus more on the rights of taxpayers and service taxpayers not just collection. Back in the days, the IRS was this big scary agency that came and took over your house and went through your files, but now they try to work with taxpayers. Also, remember, 70% of examinations are done by mail. Let us read the last myths of this article 8 myths about the IRS audit problems.
8) Only rich taxpayers go under the irs audit
The richest people are indeed much more likely to go under the IRS examination. People who earn less than $ 200,000 in one year get audited 1% of the time and this percentage increases with income. But even at the audit rate of 1% per year, you stand a 26% chance of being audited over 30 years.
Finally, If you receive a letter from the IRS, or CP2000 don’t hesitate to contact us regarding your IRS audit help.