Do you or a friend need a representative to help deal with a tax audit? Many taxpayers decide to handle a tax audit themselves, and discover they may have been "penny wise," avoiding a representative's fee, but "pound foolish," because they received a bill for a significant tax deficiency.

Why does it make such a difference whether you have a qualified representative handle your audit? First, a qualified representative speaks the same language as the IRS agent, so they can effectively communicate your position. Second, the representative is a peer with the agent, which removes the intimidation element. Third, the representative is aware of the potential issues and can help you properly prepare for the examination. By representing you on neutral ground, the representative can help avoid damaging issues.

Recently, one of our clients, an S corporation, was notified that they were to be audited. This client is in financial distress and could ill afford any deficiency adjustments. We had a preliminary meeting with the client to assure that the information was assembled in an orderly way for the agent to review. The audit was conducted at our office in two days with a minimal fee investment for the client. A "no change" report was issued shortly after the end of the field work. This was one of the fastest audits we ever handled.

We aren't afraid of the tax auditors. When you need representation, we are ready to help you.

And one of the best ways to prepare for a tax audit is to have your tax returns prepared by an outstanding tax practitioner, like the team at Accounting Solutions Network.