Tax Resolution & IRS Representation
WHY YOUR BUSINESS NEEDS TAX REPRESENTATION SERVICES
When the IRS hits you with the dreaded audit notice, your first instinct will be to panic. Although this reaction is understandable, it is not necessary. It is how you prepare for the audit that matters.
Some individuals and business owners choose to go through the process alone, but quickly realize it was a bad idea. Do not make the same mistake. Hire a trained tax representative to help you with your IRS audit.
BUSINESS TAX SERVICES
An audit can take three forms. It can either be through mailed correspondence, at the IRS office, or in person on your business premises. IRS auditors are trained to sniff out information, and some people end up giving up more information than they should. You have a right to seek representation from Certified Public Accountants (CPAs) when faced with tax issues.
Here are the services that our CPAs offer:
- Conducting internal audits to help keep your records in order
- A power of attorney, allowing our CPA to act on your behalf on all tax matters
- Correspondence with the IRS to avoid further penalties
- Negotiation with the IRS for reduced penalties
- Preparation of tax relief forms, such as Offer in Compromise
- Setting up a payment plan
- Filing amended returns or prior year returns
BENEFITS OF HIRING A TAX REPRESENTATIVE
Running a business is a full-time job. It is even harder given the current economic uncertainties. Hiring a tax representative will help bring all your tax disputes to a speedy conclusion. Here are some of the benefits of enlisting professional help.
The IRS will communicate when there is a problem. What you do after receiving the notification determines what happens next. Not all tax matters require a face-to-face meeting. Sometimes the IRS will be satisfied with copies of bank statements and receipts. Tax representatives dedicate their time to responding to all queries and seek clarification to avoid complications down the road.
MORE TIME TO FOCUS ON YOUR BUSINESS
IRS tax audits can be time consuming. Should you choose to represent yourself, it could mean closing your business for the time being to get everything prepared. On the other hand, letting a tax representative take over the workload gives you time to focus on your business.
SAVES YOU MONEY
Most people who choose to go it alone try to avoid paying representation fees. After all, why pay when you can handle it alone? They get a rude shock when they are hit with a huge tax bill at the end of the process. IRS personnel are trained to dissect your financial records from all angles; they will keep going until they uncover something. A tax representative is better equipped to fend them off. Should any complications arise, your representatives will negotiate for reduced penalties.
LESS OF A CHANCE OF COSTLY MISTAKES
After years of dealing with crafty business owners trying to cheat the system, IRS personnel know every trick in the book. Once you are under audit, all information you provide is scrutinized.
Unfortunately, some innocent entrepreneurs get caught in the crosshairs due to avoidable mistakes. A prime example is when you disclose more than you should. Hiring tax representatives prevents you from being cornered and getting stuck in an audit sinkhole.
GET HELP FROM THE BEST TAX REPRESENTATIVES IN NORTH MISSISSIPPI
An untimely visit from the IRS can bring your business to a grinding halt, but that does not have to be the outcome. When you get that first audit letter, Dyer & Associates CPA PLLC, is ready to solve your tax problems so you can run your business in peace. Get in touch with us for all the audit services businesses need.