Audit and Audit Appeals
IRS studies show the average field audit results in the IRS adding an additional tax of $10,000 to your tax bill. This makes one thing clear: you must be very concerned when you are hit with an IRS audit. When they first hear they are the subject of an audit, many people immediately think about going to jail. And the IRS does very little to make us think otherwise. HOWEVER, when you understand your tax audit rights, and when you understand the IRS' own limitations in a tax audit, you can rest assured that you'll leave the audit with your money in your own pocket. It's that simple and that's where we can help.Do you really understand what happens in an audit? Do you understand why you need a Enrolled Agent there with you? For example, do you have to let the IRS come to your office or let them in your house? Biggest question of all: Do you know the ten secrets to winning your audit?
Audit Appeals
An Appeal is a request for independent review by a taxpayer that does not agree with an IRS or State taxing authority decision. The goal of the IRS Appeals Division is to "settle" disputes between the IRS and taxpayers.
You must file an Appeals request within a certain time frame and follow the State or IRS guidelines for a valid Appeal's request. If a taxpayer doesn't file their Appeal request correctly and on time, they may lose their opportunity to have an Appeals officer listen to their side of the story.
The Collection Appeal is an Appeal by a taxpayer that has been threatened with or had suffered a Levy or Seizure. This threat could have been received either orally or in writing. Redding & Associates can file a Collection Appeal in these situations before the IRS follows through on their levy or seizure.
The Collection Appeal will explain how we think the situation could be solved without the IRS levy or seizure. The Appeal is assigned to an Appeals Officer who is required to make a prompt decision on your Appeal within five business days.