Audit Defense
If your business has been chosen for an IRS audit, the professionals at Los Angeles Bookkeeping can successfully guide you through the audit process.
Even though being selected for audit by the IRS does not always mean there is an error on a tax return, substantiating the items identified successfully for examination is very important.
Our team and their extensive experience will ensure that you and your business will achieve the most favorable audit outcome.
Of the three types of audits, businesses are normally selected for either Office Audit or Field Audit.
Office Audit is where the audit is done in the auditor’s office and Field Audit is where the auditor comes to the taxpayer’s location. In either case, the basic elements of the audit process are similar.
These components, together with some of the reasons for enlisting the services of an experienced professional to assist with audit defense, are outlined below:
Our experienced professionals will have knowledge on what documents are required to substantiate the items identified in the audit request. This is important because providing correct documentation is the legal responsibility of the business chosen for audit.
An experienced professional will know how the tax code applies to those items identified for further scrutiny by the audit request.
An experienced professional will be able to communicate effectively with the IRS and be able to answer questions without providing extraneous information that may damage the audit defense.
Our experienced professionals can evaluate the final report and suggest submitting an appeal to the IRS if they disagree with the auditor’s conclusions.
The team of professionals at Los Angeles Bookkeeping have assisted many business clients to successfully resolve the issues which prompted their selection for an IRS audit. With an advantage of CPA oversight, our team can discuss directly with the IRS on behalf of your company. While an audit can result in a return being accepted as it was originally submitted, a poorly conducted audit can result in a significant additional assessment.
Contact Us For a Free, No Obligation Consultation
Our professionals have extensive experience working with clients in a wide range of industries. All of our consultations are free and we welcome the opportunity to speak with you regarding the needs of your business.