Ballantye AccountantsFederal and State Tax Planning in Charlotte North Carolina 28277Rounded Rectangle: IRS Tax Audit Representation Charlotte Case Studies

Small Business in Charlotte with IRS tax audit Issues

Small business owner in Charlotte was facing an IRS Audit for past 3 years of the Tax Returns. The case was complicated due to multiple businesses and a lapse in filing tax return for 2 years. KM Accountant took a holistic view of the client situation and help the client organize the books, put together supporting documents and restructure the tax liability and penalties so as to reduce overall taxes by more than $38,000 . A much favorable situation than was originally assessed by the IRS auditor in Charlotte.

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In this world nothing can be said to be                   

            certain                

                      except death and taxes.” Benjamin Franklin

 

IRS Tax Audit Representation

KM Accountant specializes in IRS audit representation. Our Charlotte based tax experts and enrolled agent will help you respond to IRS audit requirements. The Charlotte team has IRS enrolled agent that can represent your case with the IRS and help you increase your odds of a better outcome.

 

Types of IRS Tax Audit

Correspondence Audit

This is the most common type of tax audit. IRS requires that you mail supporting documentation related to your tax return. Typical triggers are stock transactions, sale or purchase of real estate and specific itemized deductions.

 

Office IRS Tax Audit

The office audit is a meeting set up with the IRS. Mainly in these types of audits the auditors will  examine significant items on your tax return. It is good to consult with a tax professional such as an Enrolled Agent in charlotte to get some advice so you say the correct things and give proper support.

 

Field or Home IRS Tax Audit

These are typically the most serious types of audits, IRS comes to your home or business in charlotte for an audit. If you receive one of these audits, most likely you have earned well over 100K in your business or self employment. It is highly suggested that you hire a tax professional to help with the audit.

 

What to expect in an IRS Tax Audit

During Audit IRS determines if you have properly reported all income, expenses and took the correct deductions and credits.

It is your responsibility to prove to the IRS that what you filed was indeed correct and you must provide supporting documents for the majority of it.

The IRS will make a determination if you did the proper reporting or not and if not they will assess additional taxes.

 

Audit Representation in Charlotte

A quick fact is that the IRS actually wins over 80% of all audits, mainly because the taxpayers cannot show proper supporting documents. It is because of bad record keeping, not because of tax payers trying to cheat the system. KM Accountant’s expert tax professionals can help you organize your books, present  correct documents to the IRS auditors and increase your odds of a favorable outcome.

K & M Accounting and Tax Services L.L.C.

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Ballantyne Corporate Office

15720 John J Delany Dr, # 300

Charlotte, NC 28277

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     (704) 502-3960  

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National Association of Enrolled Agents in charlotte

Licensed to Represent Taxpayers before the IRS

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Protect your Wealth and Future Earnings

 

KM Accountant can represent you in the IRS Tax Audit and put the law on your side

 

We offer Easy Installment Plans to pay your dues

 

Call now for a FREE 1 Hour Consultation—(704) 502 3960

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“KM Accountant’s charlotte office has the best tax professionals. They are very meticulous, thorough and detail oriented. They worked relentlessly organizing our books, collecting supporting documents and finally presenting the correct picture to the IRS. We had a very satisfactory settlement. Strongly recommend KM Accountant’s services in Charlotte for IRS Tax Audit issues.”

- Small Business Owner in Charlotte, NC

“KM accountant not only saved us more than $2000 in annual fees, they also cleaned up our books and helped us control $7,000 worth of monthly expenses. They are the best charlotte accounting firm...” 

 

- Professional services firm in Charlotte , North Carolina

 

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Phone: (704) 502 3960;  (704) 909 0684

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