Hiring an IRS Audit Lawyer is a smart move if you have questions about the process. The first step to a successful audit is to understand the issues you’re being asked to address. For example, an auditor may be asking you to provide supporting documents or information regarding an underpayment. The next step is to hire an experienced professional who can effectively argue your position. Here are some tips to help you decide which IRS Audit Lawyer to hire.
Usually, you have thirty days to respond to the notice. Make sure to indicate this date on your letter. Then, make sure you use delivery confirmation to ensure that the IRS receives your letter. Failure to respond can prevent you from pursuing an appeal. If you feel like you’re being targeted, you should hire an experienced IRS Audit Lawyer to fight for you. If you have questions about the process, contact Timothy S. Hart. He will be able to give you the best strategy to help you get the best outcome.
Hiring an IRS Audit Lawyer is important because he knows the tax laws and terms. This professional is more comfortable with the IRS and knows how to negotiate. Even if he doesn’t have the authority to represent you, an attorney can effectively negotiate on your behalf. If you’re facing an audit, it’s always a good idea to hire a tax attorney, especially if you’re facing criminal charges. An attorney’s conversations are protected under attorney-client privilege, so that information he or she gathers cannot be used against you in a future audit.
Depending on the nature of your audit, the IRS will most likely offer you a settlement or an installment agreement. In some cases, you may qualify for an offer in compromise (AIC) and lower your federal tax liability. Otherwise, the IRS will determine that you owe a civil liability, in which case you will have to pay the full amount due. If you disagree with this decision, you can always file an appeal and challenge it to the U.S. Tax Court.
While you’ll never know what to expect, an audit can last anywhere from a few hours to several weeks. In the case of field audits, however, an audit can last several weeks, if not longer. In addition to interviewing you, collecting documents from third parties, and requesting additional documents, IRS will conduct an audit. If the audit is focused on one particular tax year, you can hire an IRS Audit Lawyer to defend your rights.
The IRS may also discover unfiled tax returns, a hefty amount of back taxes, unreported income, or tax liabilities for other years. An audit could also uncover unreported transactions that could be taxable, resulting in additional tax, penalties, and interest. A qualified tax lawyer can help you protect your interests and protect your financial future. If you’re being investigated for tax evasion or any other tax violation, an IRS Audit Lawyer can help you navigate the process and help you avoid penalties and liens.