If your blood ran cold when you received notice of an upcoming IRS audit on your tax return, it’s time to get in touch with Taxation Solutions, Inc. One of the first steps we take for clients facing an audit by the IRS is to determine possible reasons for the investigation. Knowing where you went wrong—if you even did—will help us plan an effective audit defense.
The tax authorities may audit individual and business tax returns due to:
- Omitted income
- Calculation errors
- Red-flag deductions
- Income that does not seem to support your lifestyle
- And many other issues
Perhaps you’ve claimed a business loss for several consecutive years, and the IRS wishes to verify that your company is legitimate. Maybe the business expenses you claimed as deductions don’t seem relevant to your line of work. Or maybe you simply neglected to include a 1099 or other form. Sometimes, the IRS will even select returns to audit at random.
Taxation Solutions, Inc. will get to the bottom of things. We’ll help you gather paperwork to support your claims, and we’ll speak on your behalf during audit proceedings. In and around Milwaukee, you can count on our pros to guide you through an IRS audit, seeking the best possible outcome. Call now!