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If you receive a letter from the IRS questioning your tax return the burden of proof for your income and deductions in on you.
If you can substantiate your income and deductions and you can prove it, the whole audit will be over very quickly.
The best you can hope for is to have the IRS accept your tax return as you originally submitted it or in IRS speak, a no-change audit.
If you receive a letter from the IRS questioning your tax return, the burden of proof for your income and deductions in on you. If you can substantiate your income and deductions and you can prove it, the whole audit will be over very quickly.
You must do your best to come up with the bank statements, canceled checks, receipts, and credit card statements to prove what you put on your tax return.
Sometimes there is some middle ground where the IRS will accept a “reasonable” deduction under the Cohan Rule.
George Cohan was a famous theatrical figure who was audited in the 1930s. The court ruled that it was unreasonable for the IRS not to accept at least a partial deduction. A full deduction is always better than a partial deduction.
We do our best to substantiate all of your deductions to the auditor. The IRS will back down quickly once you prove you do not owe them additional money.
If you cannot prove your deductions things can go terribly wrong for you. If a deduction is disallowed in one year the IRS may backtrack and disallow that same deduction for other years as well.
It is in your best interest to have a qualified professional represent you at your interrogation.
We know how to satisfy the auditor as to the legitimacy of your tax return. You do not even have to be present. It is usually better if you are not there.
You probably do not know tax law as well as a professional who specializes in tax work. Anything you say can and will be used against you.
We will need your help to resolve your audit.
First it is important that we carefully review the letter the IRS sent you. These letters specifically state what documents the IRS wants to review. We will need to do a very thorough job in determining exactly what records will substantiate your return and bring a close to the audit.
Be careful to stay on track. Only provide documentation the IRS has requested. Sometimes they will want additional items to close your case. Any requests for additional information should be made in writing and presented at a second meeting.
Many audits can be resolved in one meeting – if all of the proof is concise and well organized.
ABC Tax Service offers you a number of benefits:
You’ll understand why we have an excellent reputation in San Diego. You deserve a tax prep specialist that is friendly, fair and thorough. With a free consult, you might as well see for yourself.
Understand your tax return with a tax preparation specialist that will explain the process in a thorough, easy-to-understand way.
If you are not happy with our work and you decide not to file the return we prepared for you, we will not charge you.
You get you a larger refund when we find the legitimate business deductions that are often overlooked… Unless you like giving your extra money to the government.
Actual testimonials from our clients:
work, save, and plan for retirement.
My wife and I have been using ABC Tax Service for nearly 20 years. Randy is the only person I will trust to do my personal taxes.
Randy prepared the returns for my brother-in-law and his Trust, for which I am the trustee, in less than a week.
I found Randy online. Yahoo to be exact and he’s done my taxes twice so far and i plan to continue to use him. Good guy, professional, quick but thorough. I use to use H&R Block and TurboTax but I found that they didn’t maximize my refund. Randy does.
I have done my taxes with ABC Tax Service for the second time now. Randy is extremely professional, easy to talk to and seems to understand taxes inside and out. Last year when I worked from home, he went through a bunch of scenarios with me to find out what tax breaks I might qualify for.
Randy is genuine and honest and a master in his trade. I am 100% pleased with his services and am confident in his knowledge and would highly recommend him for all your accounting needs!