Do you know what is scarier than owing money to the IRS?
Waking up one morning to find out that you’re being audited! While tax audits can be scary, ezTaxReturn makes every attempt to not make it a big deal for you. You can add an extra layer of protection to your tax filing process by purchasing our Audit Defense Protection. By signing up for audit defense protection, you ensure professional representation throughout the audit process and can report any correspondence you receive to us for immediate assistance.
If you receive a notice from the IRS or your state tax authority, one of our qualified tax professionals will represent you in the audit process. We will analyze the notice, inform you of your options, and respond to the notice on your behalf as necessary.
What is Tax Audit Defense and Do You Really Need It?
Tax audit defense is a specialized service designed to support taxpayers in the event of an IRS or state audit. This service provides peace of mind for individuals and businesses who may be concerned about the possibility of being audited. With tax audit defense, a tax professional will meticulously review your tax return, identify any potential errors or discrepancies, and represent you in negotiations with the IRS. This can be particularly beneficial for those who are unfamiliar with the audit process or lack the expertise to navigate it successfully. By having a knowledgeable tax professional on your side, you can ensure that your audit is handled efficiently and effectively, minimizing any potential stress or financial impact. Protect your taxes with Audit Defense. Sign up now!
The Odds of an IRS Audit and Its Potential Impact
While the odds of being audited by the IRS are relatively low—less than 1%—certain groups are more likely to face an audit. High-income earners and those with complex tax returns are often at a higher risk. If you do receive an audit letter, it’s important to understand the potential impact on your tax debt. An audit can lead to additional tax, penalties, and interest, which can be a significant financial burden. This is where audit defense services come into play. By having expert representation, you can mitigate the risks associated with an audit and ensure that your rights are protected throughout the audit process. This can help you avoid unnecessary stress and financial strain.
Benefits of Audit Defense
Audit defense services offer a multitude of benefits that can make a significant difference if you ever face an audit:
- Peace of Mind: Knowing that a tax professional is handling your audit can greatly reduce stress and anxiety.
- Expert Representation: A tax professional can navigate the audit process and negotiate with the IRS on your behalf, ensuring that your case is presented in the best possible light.
- Time Savings: Letting a tax professional handle the audit process frees up your time, allowing you to focus on more important aspects of your life or business.
- Cost Savings: Audit defense services can help minimize additional tax, penalties, and interest, potentially saving you a substantial amount of money.
- Protection of Rights: A tax professional can ensure that your rights are protected throughout the audit process, preventing any potential overreach by the IRS.
By investing in audit defense services, you can be prepared in case of an audit and minimize the potential impact on your tax debt. This proactive approach can save you time, money, and stress, providing you with the confidence that your tax matters are in capable hands.
What Should You Do if You’re Selected for an Income Tax Audit?
Here is what ezTaxReturn will do for you:
- Conduct a full-scale review of your submitted tax filing and related documentation. It is crucial to address audit findings by either contesting them or accepting them and making necessary adjustments to your tax policies to ensure future compliance.
- Review your tax return with you to flag audit-related issues and concerns, if necessary.
- Guide you in responding to all inquiries from the IRS. In the event you want us to deal directly with the IRS, then we require a power of attorney from you.
- Schedule and attend all audit appointments between you and the IRS, in the event of an in-person audit.
What’s Not Covered in Audit Defense Protection?
Audit defense protection is not an excuse to be less careful or more aggressive when filing your tax return or determining which deductions or credits to claim. This service exists to represent you in the event of an audit. Audit defense does not cover the following:
- Audit Defense is not insurance against an audit. While it provides support, it does not guarantee protection against all outcomes of an income tax audit.
- Audit Defense will not protect you against paying additional taxes owed that are discovered through the audit process.
- Appeals to IRS or State audit decisions [Generally handled by hiring a legal counsel, which is not in our scope of offer]
How Can You Make the Audit Process Smoother?
Our ability to represent you successfully is dependent upon the quality of the documentation you maintain to support the information in your return. We therefore encourage you to keep organized records of all your income and expenses. Proper documentation is also crucial for meeting local tax obligations, which can be complex and require detailed records. Adequate documentation must be provided in a timely fashion to minimize the financial impact of an audit.
Secure your peace of mind and purchase your Audit Defense Protection for just $39.95 when you file your tax return with ezTaxReturn.
The articles and content published on this blog are provided for informational purposes only. The information presented is not intended to be, and should not be taken as, legal, financial, or professional advice. Readers are advised to seek appropriate professional guidance and conduct their own due diligence before making any decisions based on the information provided.
