The IRS will periodically select an individual or business for a tax audit. There are several different factors which can raise a red flag to wave over your tax situation and prompt this response. Nobody enjoys this event and it can cause more work on your part to adequately prepare all of the information which the IRS may request from you. However, residents near Palm Beach County Florida have resources available in the area to provide professional tax audit representation when needed.
Some of the Things Which Can Trigger an IRS Audit
A few of the major flags which can trigger an IRS audit on your income tax return are earnings over $200,000 per year, failing to report all of your income, reporting excessive business expenses and breaking the rules set forth for assets held in foreign accounts. There are others as well, such as misreporting and making errors on your return, but the IRS typically goes for the bigger problems like the aforementioned issues.
The benefits of having taxes prepared annually by professional tax preparation services:
When your taxes are prepared by a professional service, you will have the assistance you need to prepare the most accurate returns possible. Tax professionals understand which items may trigger an IRS audit and how it’s best to approach these sensitive matters. Experts in preparing income taxes can adequately provide help when dealing with the IRS. Quality tax audit representation in Palm Beach County, Fl. can be found through a few different agencies including tax audit representation by Harold J. Blotcher, who has substantial experience in expertly handling these matters for his clients.
The main advantages of having this type of representation are that they know in advance what the IRS is likely to request. If your taxes were completed through their firm, they will have the information which will be relevant to your case already. Tax professionals understand how to present the facts and explanations accurately as well as how to help you in quickly and efficiently resolve all issues related to your IRS audit. This helps to give you peace of mind in knowing that you are covered during the audit proceedings which will take place.
Residents of Palm Beach County, Fl. and surrounding areas do not have to face the IRS by themselves. Those who are in need of assistance in handling upcoming IRS audits may reach out for assistance for their tax audit representation when the need arises. For more information on audit representation and other tax services provided, you can visit website domain.
