An audit on the Federal or state-level can be either “live” or in “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.
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 tax software and being too liberal with deductions. (Using popular tax software to file doesn’t guarantee you won’t get audited!)
- Posting an unusual amount of mortgage interest along with other schedule A deductions.
If you’ve received an IRS audit appointment notice or a similar state audit letter, 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 reach out and we’ll strategize to solve.