Knowledge of legal terms and procedures A tax lawyer can be your interpreter and explain what the auditor needs and the procedures that will be carried out. As a specialist in tax law, your lawyer can also detect when an auditor may be further analyzing your tax return for possible criminal intent. Keeping up with the IRS tax code is a full-time job. The tax code is more than 1,700 pages long, and even if you had all the time in the world, it's unlikely that you would read the entire document from start to finish and understand all the nuances.
It's not unusual to freak out when you learn that your return was selected for a state or IRS tax audit. The length of an audit depends on the type of audit, the reason for the audit, and the complexity of the issues related to the individual statements. In addition to the way tax audits are conducted, there are different types of IRS tax audits, depending on the aspect of the return being reviewed by the IRS. Rather than facing an audit alone, it's often a good idea to have an IRS audit lawyer from a reputable company such as Ideal Tax.
If you have been assigned a field audit and you don't feel comfortable having an IRS agent in your home or business, you could request an in-office audit. When the IRS audits an income tax return to determine deductions, it focuses on whether you have valid receipts for all your deductions. But while it may seem scary, a tax audit lawyer can help ensure the best possible outcome depending on the circumstances. Tax returns can also be selected for auditing when they refer to transactions with other entities that are being audited themselves.
In most of these cases, it would have cost the taxpayer much less to hire the help of a tax lawyer than the amount of penalties, interest, and additional IRS taxes that the taxpayer ended up having to pay. Instead of going into an audit hoping for the best and hoping for the worst, an IRS audit lawyer will be prepared to go head-to-head with the auditor. However, our New York State tax auditing lawyer will try to make it as stress-free as possible by providing superior legal representation. When the Internal Revenue Service (IRS) or the New York State Tax Department conducts a tax audit, they are represented by a team of well-trained tax specialists, audit examiners, public accountants, and tax lawyers.
Your lawyer can discuss the pros and cons of a field audit compared to an office audit and advise you accordingly.
