Legal Advice: IRS Audits
IRS audits are notorious for driving people into agony and disarray. The mission of the Internal Revenue Service is to provide Americas taxpayers top quality service by helping them understand and meet their tax responsibilities and by applying the tax law with integrity and fairness to all. The agency has a tremendous responsibility and unfortunately, requires audits to seek out possible tax fraud criminals.
IRS audits are important to protect the integrity of the tax system. Audits are intended to help ensure taxpayers pay their legal share of the $2 trillion collected each year. The IRS is one of the most efficient tax collectors in the world costing only 48 cents for each $100 collected.
How to Survive IRS Audits
To survive IRS audits you should plan accordingly and consult legal counsel to help you strategize. A lawyer can provide assistance to make sure that you have the required paperwork available for the audit. A lawyer should also advise you on matters that may lead to self-incrimination.
Audits may require that you provide evidence of your past and present returns. In addition to these returns you should have the source documentation to prove deductions or write-offs. Most taxpayers do their taxes in the best manner they know how–a legal advisor can help you verify that youre doing your taxes in accordance with the IRS.