Do you have issues with the IRS? Do your tax bills or penalties accumulate so rapidly beyond your capability? Is your tax debt eating away at your finances? Are you desperate for some relief from these issues? In that case, it might be time to set up a meeting with a qualified Certified Public Accountant (CPA).
Going to the IRS all by your self is like committing suicide. The IRS agent is accountable to the IRS, not to you. With the help of a trusted Certified Public Accountant you will put an end to vicious cycle of your financial situation and might even cut or completely remove your tax liability outright. A Certified Public Accountant will work for your interests. He or she will offer you balanced advice, whereas an IRS agent will lead you to a corner where IRS will have the greater advantage. Moreover, a Certified Public Accountant understands the IRS' own rules and can speak with them equitably even in their own field of interest.
This site is devoted to offering you source information to help you assess and choose a qualified, Certified Public Accountant (CPA) who can finally put a stop to your tax dilemma and bring you back to financial health.
Nine reasons why the IRS will call you
According to a report, below 1% of all tax returns last year were audited by the Internal Revenue Service, meaning a taxpayer's probability of being audited by IRS is only 1 in 154. Although the odds are low, there could be warning signs that can increase the chances, things that you can readily avoid.
Many tax returns undergo a computer-selection evaluation that utilizes an assigned number value to certain vital items contained in your return. In case the overall number score surpasses the limit set by the IRS, the computer will mark the return as problematic. It will then be forwarded to an IRS agent who will evaluate its audit-worthiness.
Nine reasons the IRS may call
- The home office
- Itemized deductions
- Late filing
- Early-retirement plan distributions
- Pay the right agency
- Report all income
- Shoddy filings
Whenever a potential error is detected, the IRS system generates a letter that is sent to the taxpayer to inform him or her of the matter, the suggested correction, a detailed recomputed tax due, penalties and interests due, and when and how to respond. Most of these IRS contacts are through letters and do not necessitate personal visits to the office.
Various other resources are worth considering in order to guide you in accomplishing your return appropriately.