Being audited by the IRS is no one’s preferred cup of tea, but it happens. You’ll have to make sure when you face the IRS, you do so professionally. The IRS wants to make sure that all businesses follow the guidelines issued by the government. The IRS is technically here to help, but issuing your tax resolution unprincipled could lead to fines and penalties.
Rules you’ll need to follow while doing your tax resolution
Know the Tax Issue You Are Trying to Resolve
When facing the IRS during your tax resolution, you need to first find out exactly what are the issues you are facing. Some issues could be more complicated than others, while some issues are fairly simple, such as re-filing a form.
None the less, there are plenty of tax experts and CPA’s who can help manage your tax resolutions properly. This is due to experience and focuses on studies in the accounting and tax fields they have developed themselves in.
It’s by far worth your investment to hire a tax resolver, to resolve your tax resolution and issues with the IRS. The person you hire perhaps as a contractor (if your current tax team or CPA’s can’t do it undeniably so) should be an expert tax preparer of the situation, and will be able to resolve the issues you effortlessly.
Still this approach of hiring the right tax resolver can’t happen unless you find out your issues first.
Don’t Ignore the IRS
When you receive that alarming letter from the IRS, stating the need of a tax audit to occur, don’t ignore the IRS. The IRS will always get their way in terms of conducting a conventional tax audit on your company.
The IRS is not going away, so make sure you have a tax audit representative who meets IRS criteria for representation to handle the IRS and your tax resolution. You might still be searching for an expert to resolve the current tax resolution, but at least you have on standby a bona fide tax audit representative keeping the IRS at bay properly while you arrange all your paperwork, and find your tax resolution expert to handle your tax issue.
Again, the IRS is here to also help you get your records straighten, so asking for extra time to get your tax resolved won’t be an issue.
Respect the IRS and Be Courteous to Them
If this is the first time you are dealing with the IRs, then we know as tax experts how strenuous it may feel for you. But none the less, don’t let that fear increase fortification against the IRS. You need to work with them to get your tax issues resolved in an economical and fashionable manner.
It’s much better to make friends with the IRS, than enemies with them. A positive relationship with IRS representatives, such as your IRS Revenue Officers of your audits will increase a tranquil resolution for your tax issues.
Hiring tax experts who know how to deal with the IRS will be in your favor, especially if your tax experts already have a long-standing relationship with the IRS. These tax experts will then know how to work with the IRS to your benefit, and simultaneously know when to appeal IRS adjudications.
Follow these rules when you face the RIS, because it will help your company.