It can be scary dealing with the IRS no matter in what capacity, but especially when you’re being audited. In times likes that I am very grateful for the knowledge and experience of Maine tax lawyers. If you have found yourself in a pickle with the IRS audit, remember you don’t have to do it alone. Although the risk of an individual tax return being audited is less than 1%, but of course you should never ignore the possible risk. Not matter if your return is 100% correct, there is still the potential for it to be flagged by the software every return is run through.
There are a couple things you might want to know if you find yourself faced with an IRS audit. There are two different kinds of audits that you could be faced with. There is the correspondence audit, this audit is done over the phone or through the mail, usually these types of audits are focused on particular area of your return. Then there are field audits which are done in person with an IRS agent either are your place of business or your local IRS office. These type of IRS audits are usually more complex, requiring a larger number of documents to be reviewed. If you find yourself in the midst of a field audit and feel overwhelmed or unsure, remember, you don’t have to go it alone.
If you’re being audited it is not required to have a lawyer but here are a couple reasons why it is highly recommended. If the IRS thinks you may be hiding some income or embellishing on your deductions, Sometimes financially it may not make sense to hire a lawyer. If you find yourself in tax situation I know of an experienced tax lawyer that will take the time to assist you indirectly. James Wade can help in your IRS audit by offering advice about what to do and walk you through the process in a one time consultation. If you or someone you know has found themselves in the midst of an IRS audit, point them in the direction of James Wade.