Tax Problems and Audits

Salem CPA - Tax Problems and Audits 2

While we hope that none of our clients ever have to deal with the hassles and complications that come with an IRS audit, it is a very real possibility that they will. The IRS scrutinizes the accuracy of any tax returns that could potentially bear mistakes or fraud. While most of the time only high profile filers or millionaires are analyzed this way, it isn’t out of the realm of possibilities that you might be audited on day. When that day comes, are you going to want to deal with the issue on your own? Without professional help? We hope not. The IRS can be tricky and downright terrifying if you haven’t worked with them before. They’ll pepper you with questions and ask for documents and receipts that you may not have any longer. Salem CPA can fight alongside you, to make sure that you aren’t getting taken advantage of, or that you’re not bullied by the IRS into paying money that you don’t owe.

Mistakes and Errors

Humans make mistakes frequently, and some more serious than others. With a process like filing your taxes, declaring your income or any other financial endeavor, mistakes are bound to happen. There’s no avoiding them, but you can reduce the occurrence and mitigate potential damages that might be caused by them. Hiring a licensed CPA is the first step on your way to less costly mistakes. If you’re local to the Salem, OR area, you don’t have to look further than this page to find the certified and trusted CPA you’re looking for. Salem CPA is the premier CPA in Oregon, and our customers agree.

Best Way To Avoid Getting Audited

An audit of your taxes can be an extremely jarring experience, especially if you’ve never been audited before. An audit is an in-depth and up close look at all of your income, expenses, write offs and credits for a tax year, to ensure that they match up with what you’ve already supplied to the IRS. A representative from the IRS will go over your financial records with a fine toothed comb, to ensure that everything is in proper order. Audits are usually only triggered by glaring, massive mistakes that either fall squarely within criminal misconduct or skirt right around the edges. Either way, hiring a CPA is one of the best things you can do to avoid frequent audits, although sometimes, there’s nothing you can do.

How To Navigate An Audit

Getting from the beginning to the end of an IRS audit isn’t as bad as it sounds. The first thing to do is to simply cooperate. The more quickly you provide the IRS agents with all of your financial information, the more quickly they can analyze and assess your finances and move on. This may sound counter-intuitive, but don’t help them! Unless of course they are asking for documents or asking you specific questions. Just let them do their job and they will finish more quickly. The more positive of an attitude you have, the smoother everything will go. You got this!