The seasons may change, but one thing remains a constant - the inevitability of tax season. Now, as the year winds to a close and the fall leaves have painted the town in shades of amber and gold, it's the perfect time to set the stage for a seamless preparation of next year's tax returns - so start early and you'll find yourself mastering the 2024 tax season.
Facing an IRS audit can be a daunting experience, to say the least, but it doesn’t have to be your worst nightmare. Being prepared and staying cooperative with the IRS in every way can significantly ease the stress of the process and protect your rights. Calling in a professional, such as an enrolled agent who is authorized to negotiate with the IRS on your behalf, can streamline the entire process and take that weight off your shoulders. Let’s explore some essential strategies that can help you learn how to survive a tax audit.
When you open your mailbox and find a simple white envelope with the return address containing the words “Internal Revenue Service” or “State Tax Commission”, you might feel your heart skip a beat as anxiety sets in. It could be a simple notice informing you of your Identity Protection PIN, or a request for more information, or possibly a notification of something more serious, such as potential tax identity theft or an impending audit. Once you steel yourself to open the envelope, it’s likely that your initial thoughts will be along the lines of “How do I handle this?” and “Who can help me?” This is the reason that we at Myrick CPA are introducing the Client Care Services Plan - for your peace of mind.