Tuesday, 20 October 2015

How to Prepare for a Tax Audit by Uhlenbrock CPA

Have you received a letter from the IRS and are worried over what to do next? Well, there is nothing as frightening as getting a notice from the IRS and almost every tax payer will agree to this sentence. Don’t panic! Get expert IRS Audit Representation service from Uhlenbrock CPA, San Antonio. IRS tax forms are highly complex and there is probability that you have received a notification over discrepancies in your filed IRS tax return. You need to educate yourself and understand the entire process of IRS Audit to make the process quick and simple.
Audit Representation Services San Antonio

When you receive a notice from the IRS, it can be either for an in-person audit or a paper audit. The type of audit notice will depend on the level of discrepancy in the tax return. Here are few steps to prepare for an IRS Audit
  • If you are unsure of what exactly IRS is looking for, it is better to consult a professional IRS audit representation provider in San Antonio. By talking to the tax attorney or CPA, you will be able to analyze why you received an IRS notice.
  • You need to organize your paperwork properly. You will receive a detailed list of documents required like bank statements, payroll books, and mortgage statements as per the specifications given in the list. Collect each document and then organize them according to date and category.
  • If there are any missing documents or receipts, you need to reconstruct the information in the best possible way using other documentation. It is advisable to seek help from a certified account to organize documents that are missing or unavailable with you.
  • Consult your tax professional before going for the audit and understand what information you need to share with the auditors. While answering the questions, you need to be careful that you do not offer information that you don’t need to offer.
An IRS audit notice is received when tax authorities sense something fishy with your tax statements. Do not waste your time and resources in trying to understand IRS Audit Notice, let professionals handle it for you. To ensure a less painful and smooth inspection process, a professional representation is highly recommended. Call Uhlenbrock CPA at (210) 701 1040 and avail their IRS tax services today.