By the time you finally get all of your paperwork in order and file your taxes with the IRS, you might be feeling pretty burnt out on your finances. Unfortunately for many individuals and businesses, though, the relief of filing taxes is short-lived due to an IRS audit. While some audits are randomly conducted, there are several mistakes that people make that can increase their risk of being audited. With that in mind, it’s important to consider what you can do to avoid an audit and how you can most effectively handle an audit to minimize time and expense. Here are some tips from a provider of IRS audit representation in Hayward, CA:
- File electronically: Unless you are a tax professional, filing your taxes using paper forms can be an incredibly challenging process. You should use an electronic service to file your taxes to ensure that you have included all of the relevant information and to get your maximum return. If you have a more complicated tax situation, it’s a good idea to rely on a professional tax preparation service.
- Be prepared to provide proof for information: If you’re going to claim deductions or credits on your taxes, you need to have the relevant information to back the information up. Make sure that you have expense receipts, proof of payment, photos and reports to prove that you are eligible for deductions for things like business purchases or disaster damage.
- Take your time: While you shouldn’t delay giving information to the IRS when you’re being audited, it might be worth it to take a little bit of additional time to prepare your tax and financial information before submitting it to the IRS. Make sure that you’re aware of the deadline for submitting information, and take the time that you need to get all of the relevant paperwork and documentation in order.
- Invest in audit representation: If you are being audited, it’s important to rely on the right representation. Professional IRS audit representation in Hayward, CA is well worth the investment to help you avoid fines from the IRS and minimize the time that your audit takes. A professional will be able to help guide you through the process and offer representation for you to the IRS during your audit. Make sure that you work with an accountant or tax professional who is qualified and experienced in providing IRS audit representation so that you can get the best service possible.
Get reliable IRS audit representation in Hayward, CA
For trustworthy, professional IRS audit representation in Hayward, CA, reach out to Menjivar & Company CPAs, Inc. Since 1978, we have been proud to offer tax representation for a range of clients, including individuals and businesses. We are proud to be a family owned and operated business with a dedication to the quality of our services. No matter what your specific needs or concerns may be, our team is here to walk you through every aspect of the process so that you can feel confident in your taxes and your financial situation. Reach out to us today to get started with a consultation.
Categorised in: IRS Audit Representation