IRS Audits of High Earners are on the Rise Nothing strikes fear in the hearts of people more than receiving an IRS Audit letter in the mail. Audits take significant time away from your practice and family, requiring you to gather mounds of records substantiating each and every item reported on your tax return and develop a comprehensive understanding of tax law. The IRS leaves no stone unturned in its mission to determine the accuracy of your tax return. If you don't comply with the Auditors' wishes, the IRS will recalculate your tax and send you home with a hefty tax bill as your parting gift. 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 substantial bill for a significant tax deficiency. IRS Auditors follow strict audit guidelines and know how to apply the tax laws when examining your tax return. Compliance audits can also expand to more than one year, hence expanding the scope of the audit. Defending a tax return during examination process can be for more complex that preparing the return itself. In preparing your taxes, we are constantly aware of proper documentation, accurate information, full disclosure and following the tax laws in a manner that if audited, we can defend your return. Rarely do our clients even have to talk with the IRS. We handle it all for you so that you need not take time off of your patient care or job to handle the bureaucracy and paperwork of the IRS. You simply forward notification of an audit to us and we handle it from A to Z. |



