Importance of Hiring a Pro For Tax Audit in Plano and Dallas, TX

Posted by Scott S. on February 13th, 2023

A business owner is sure to remain pleased when the profits come in. Unfortunately, one must be aware of the latest taxation rules and file the returns before the due date. Being pleased with oneself for completing the obligations may be a trifle premature, though. There are instances of many companies receiving an audit request from the IRS. There is no need to panic, however. Being asked to be present at the audit does not conclude that one is guilty of tax fraud or any other financial offense. Trying to keep it hush-hush and attend the audit meeting with the IRS alone is not a wise move to make, either. The company or the individual must be represented by a professional during the tax audit in Plano and Dallas, TX.

Sure, one may accompany the representative for the audit. There is no need to do that, either. It is gratifying to learn that once the IRS Form 2848 is submitted by requesting representation by a competent CPA, attorney or tax agent, the IRS authorities would have to deal with the representative.

One does not have to be scared about the audit's outcome, though. On the contrary, the representative will have the right expertise and experience to help the client effectively. Tax experts recommend their clients remain at home or work without spending anxious moments on account of the audit. The representative would do the following for the client during the tax audit meeting with the concerned IRS representatives:-

1. Advise the client about the steps that would be taken on behalf of the business owner or individual. There will be no guesswork to be done by the concerned person, who is welcome to deal with the daily work pressure as before.

2. The tax professional would be able to answer all complicated returns without violating the law. A self-employed person or one who enjoys additional income from the rented property will find such services indispensable too.

3. Competent tax representatives may not see eye to eye with the auditor always. Often, the tax expert may be able to cite the codes ad point out the errors of judgment. Moreover, the pro is sure to be prepared for the audit and may produce more documents. Explaining the client's intent and thus convincing the IRS auditor may also be possible.

4. An experienced tax representative will not only go through the associated documents submitted while filing the tax return but will also have a counterargument ready before facing the IRS auditor. Ponting out the errors vis-à-vis deductions that were not claimed can overshadow the genuine mistakes that led to unfavorable results.

5. The IRS auditor would love to engage the audited person in a discussion, thus trying to find out the violations that may have occurred. The tax representative will confine the auditor to the matters that are being audited.

Hiring an experienced professional for tax advisory in Plano and Dallas, TX, can go a long way in negating taxation woes.