What is an IRS Audit?
An Internal Revenue Service audit is a review or examination of an individual or organization’s accounts and financial documents. They do this to ensure that all of the information has been reported correctly and in its entirety. One thing that can not be stressed enough is that you should not go about this process without proper representation. There are attorneys that specialize in the IRS tax law in the Atlanta metro area that are qualified to handle all of your needs.
What causes the IRS to conduct an audit?
Every document that you receive in regard to your finances, such as a W2 form or any other financial or tax forms and documents, the IRS has a copy also. So, if there are any reporting discrepancies, the IRS will usually be aware of them immediately.
It’s important to report everything while filing your taxes, but mistakes do happen.
Here are a few reasons as to why one may be audited:
Wrong Filing Status: It’s very easy to make this mistake, especially with married couples. Many people are not sure which status to file. It’s an honest mistake. For example, one spouse may be working while the other one isn’t, so do they file married filing jointly, or married filing separately? These are the sorts of things that can get inadvertently misconstrued while filing. In this case, securing tax audit legal help.
Self-Employed: Being able to work for yourself by starting your own business can be very exciting. Unfortunately, the IRS sometimes holds the self-employed under more scrutiny.
Data Entry Errors: Any time that you’re performing data entry, transferring information from one place to another, there runs a risk of making errors.
Here are a few reasons as to why one may be audited:
Getting audited by the IRS is no fun. A great majority of us have received that dreaded letter that seemed to make our heart skip a few beats. If you are fortunate enough to make it through the unpleasant ordeal, you may be disappointed to learn that it may not be your last time.
So, when it comes to getting a repeat audit, the short answer is, yes. You can most certainly get audited by the IRS for a second time. The most important step that you can take is to secure tax audit legal help.
As soon as you receive the initial notification that you are in the process of being audited, it would be in your best interest to contact a tax attorney in Atlanta for a consultation to ensure you avoid the very worst outcome.
Begin gathering all of your paperwork, documents, receipts and anything else that is tax related in order. Attorneys at Cumberland Law Group are highly qualified and available as your legal defense team to walk you through the entire tax audit process. Contact us today to get started!
