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Charles Myrick, CPA, has more than two decades of experience representing taxpayers with the IRS

Facing a Tax Audit? You May Need Help from a Tax Resolution Specialist

CPA Charles Myrick has more than twenty years of experience in tax resolution. He is highly skilled in advising, representing, and negotiating with the IRS on behalf of his clients who are being audited or who owe back taxes, in addition to other problems they may be facing. The Myrick staff are exceptional when it comes to taking on the challenges of complicated audits, and reducing stress on their clients. If you are facing a tax audit, you may need help from a tax resolution specialist.

A letter from the IRS is something most people never want to find in their mailbox. However, if there comes a day when you do receive that dreaded correspondence, it could be for a number of reasons. Whether you have a balance due, or perhaps simply failed to file taxes in a previous year - the IRS may send you notice of a pending audit, or even indicate that a Federal Tax Lien is imminent. If you receive a notice of deficiency by certified mail, you must continue to work with the IRS to resolve your tax matter, since in that case, the agency will not extend the time you have to petition the U.S. Tax Court beyond the original 90 days. If you are overwhelmed by such a situation, do not despair. There is immediate help available; all you need to do is make a call to a professional enrolled agent who can handle all of this on your behalf.  

A tax resolution specialist, also known as an enrolled agent, is a professional certified by the IRS who can advise and guide you through any of these types of tax proceedings. They can take on the role of your authorized representative, directly negotiating with the IRS on your behalf so you won't have to. A consultation with a tax resolution specialist can be especially helpful if you owe more than $5,000 and intend to petition the IRS for hardship status or for a delay in collection proceedings.

Your authorized representative will present you with appropriate options that can help resolve your issues. They can  negotiate a payment plan, explore debt reduction or forgiveness through something called an Offer in Compromise, and provide expert assistance with the necessary documentation throughout an audit.

Difficult Situations: How to Ensure the Most Favorable Outcomes

Some of the most common situations that tax resolution specialists encounter are collection hearings, audit appeals, federal tax liens and levies, tax penalties, and employment tax cases.  No matter how difficult the situation, favorable outcomes are possible when you have an enrolled agent on your side. They can negotiate directly with the tax authorities on your behalf, throughout the hearings, resulting in strong solutions such as an Offer in Compromise, Installment Agreements, Tax and Penalty Abatement, and Lien Withdrawals or Releases.

Tax Resolution: Review and Consultation

A tax resolution consultation with Myrick CPA generally occurs in two phases after an initial consultation in which Myrick CPA staff will determine if they are able to accept your case. You should be prepared to provide information about your income and assets, and any extenuating personal circumstances, in order to enable your tax resolution specialist to gain a detailed understanding of your situation. In some instances, review of your spouse’s financial information may also be necessary, and if you're a member of the Armed Forces, please make that known, as you may be eligible for special provisions or deferred payments.

After a thorough review, your agent will consider your eligibility for every option and benefit that might be available to you. Once the review of your financial records is completed, you'll be presented with the most suitable options, accompanied by an explanation and a detailed discussion of each.

Negotiating on Your Behalf

After you decide on a course of action, Myrick can then contact the IRS directly on your behalf to negotiate a resolution, which can greatly alleviate the stress and anxiety of dealing with tax authorities. In the case that you might be required to deal directly with the IRS, you'll be provided with every detail of what you can expect during proceedings, and clear advice on how best to answer follow-up requests for information, so you will be thoroughly prepared ahead of time.

How to Handle an Unresolved Audit

An audit's length varies, depending on the type, complexity, and availability of information and of both parties for scheduling meetings, as well as your agreement or disagreement with the findings. If the audit isn't resolved, the IRS may extend the statute of limitations for your tax issues, giving you more time to provide the additional documentation.

Throughout the examination, collection and refund processes, your rights remain intact. You should be told precisely why the IRS is asking for information, how it will be used, and what will happen if the requested information is not provided. You are entitled to the following every step of the way:

  • Professional and courteous treatment.
  • Representation by an enrolled agent.
  • Privacy and confidentiality

If you disagree with the audit findings, you or your tax audit representative can request a conference with an IRS manager. You can get mediation or file an appeal. A tax resolution specialist is always in your corner and will be by your side to guide and help you through the process of dealing with tax authorities to resolve even the most challenging tax problems. Don’t put off consulting one to help you resolve whatever difficulties you may be facing.

The tax professionals at Myrick CPA can represent and successfully guide you through any negotiation process with the IRS. Charles Myrick, a Certified Public Accountant, is highly knowledgeable and experienced in dealing with even the most difficult tax cases. Contact him today to review your situation and to advise you on the most advantageous option to quickly resolve your situation.