The IRS or a State agency may conduct an audit in either “live” or “correspondence” form. An audit brings you or your business under scrutiny to defend your tax returns. In either type of audit, we can represent and advocate for you throughout the entire process.
Our goal in every audit is to make sure you don’t have any added tax liability. Due to the nature of audits and the variety of details beyond our control, sometimes we just have to mitigate the damage.
In the last few years, we’ve found the most common audit triggers to be…
- Reporting employee business expenses on Schedule A - particularly when there’s also a separate sole proprietorship business (Schedule C).
- Reporting big losses on Schedule C for a sole proprietorship.
- Filing a return with turbotax.com and being too liberal with deductions. (Turbo Tax is great software, but doesn’t guarantee you won’t get audited.)
- Posting an unusual amount of mortgage interest on schedule A along with other schedule A deductions.
If you’ve received an IRS audit appointment notice or a solicitation to defend specific items via mail, our experienced staff can act as an intermediary between you and the IRS or the state. Our expertise can give you a distinct advantage, so please let us know if we can help.