What are Audits?
Audits can be a real stressful situation to get into, whether it be for your business or your personal taxes. The IRS can audit you to check the validity of the information you have submitted to the government. You want to make sure that all your paperwork is in order when being contacted by the IRS. A tax audit or an accounting audit is the most common form of auditing and people should not be discourage if they get audited. This process is done to ensure that all the information submitted is correct and valid. When being audited there are a number of things you can do to make the process less hectic and have a smoother experience.
The first thing you want to do during an IRS audit is to have all your paperwork in order, if you have an account work with them to prepare an auditing plan. Most accountants who work on your taxes or paperwork are the best person to contact since they are already familiar with you and your business. Once you have this in order it also a good idea to get any receipts or any other documents that will help clear you from your audit. The basic premise for an audit is to check that you have all the legal documents to backup your information you sent to the IRS. Most audits can be resolved with an accountant or other specialist. If you case feels to be very complex and deals with tax codes and laws than a tax attorney is a good person to contact. Surviving an audit may be a victory on its own but it should be a good reminder to always be prepared and to create a file for the future, in case this happens to you again.