An IRS Audit professional can be your best friend if you find that you have been selected by the IRS for auditing. The chances of being audited are slim to none considering the amount of returns that are processed through the IRS each year, but it can happen all the same. In most cases, something on your return has caused it to be red flagged in the IRS system, which is why you are being selected for an audit. The key to prevent this from happening is to have a quality CPA firm on board year round to handle your financial matters. These professionals can prepare your taxes, and they have several quality checks in place to ensure that there are no mistakes on your return when it is transmitted to the IRS. In most cases people that are selected for audits are honest. Something as simple as an honest numerical error could be the cause of the flag. As long as your mistake is truly a mistake and not fraud, you won’t receive any type of harsh penalties in most cases.
All about Forensic Accounting and Litigation Support
Forensic accounting and litigation support are often used for a number of purposes and situations, including commercial litigation, business valuations, financial investigations, business dissolutions, marital dissolutions, bankruptcies, and other types of situations where they are deemed necessary. These services combined can involve identifying damage or economic losses, analyzing financial records, and even investigations into theft or fraud. Records can be extremely hard to sift through, and the process can become very tedious if you do it on your own without the help of a professional. With an experienced accountant on board, you can expect efficient and fast services that will get answers to your questions where your business is concerned.
Getting Representation When You Are Going Through an Audit
Professional representation is an absolute must if you are going through an audit. You need an experienced professional that knows how to deal with tax authorities. A quality CPA firm should be able to guide you on the appropriate steps to take in the circumstances, and they will be able to work with the IRS on your behalf. Everyone dreads being selected for an audit, but with the right professionals by your side you should not have any problems as long as your return is legitimate. Keeping accurate records is the key to breezing through the audit process. If you hire a CPA firm full time, they will be able to organize your records, so that you always have important information on hand in case anything like an audit happens to where you need the information right at your fingertips.
C York CPA is an accounting firm that specializes in IRS Audit NYC cases. They also offer numerous financial services for businesses and individuals.
