Receiving a notice of an IRS audit can be stressful especially if you’re unsure of what to expect. Fortunately, there are solutions available to help you navigate through the process of an audit. If you’ve found yourself searching for “IRS audit help Denver” then you’ve come to the right place. At Denver Tax Group, we’ve helped many Denver residents get through an IRS audit in the best way possible. Keep reading to learn more about what an IRS audit is and everything you need to know when going through one. Let’s dive in.
IRS audit help Denver: guide for everything you need to know when going through an audit
What is an IRS audit?
Before we go into all the details of what to expect during the audit process, it’s important to get a clear understanding of what an audit is. An IRS audit is essentially an examination of your tax return by the Internal Revenue Service to verify that the information you reported is accurate and complete. The main purpose behind an audit is to ensure that you as well as other taxpayers are complying with all laws and regulations. The IRS can select your return for an audit for a variety of different reasons, including errors in your return, a history of non-compliance, or a random selection.
Why seek IRS audit help Denver?
If you receive a notice of an IRS audit, it’s essential to seek professional help to ensure that you are prepared for the audit and that your rights are protected during the process. Working with a team of professionals like Denver Tax Group who understand the audit process well can help make the audit process go smoother and reduce anxiety during this stressful time. Ultimately, it’s best to contact a pro to give you the peace of mind you need to know you’ve complied with what the IRS is looking for and to prevent future audits if you’ve made mistakes on your return.
What are some of the services offered to help with an audit?
When dealing with an audit, it’s easy to get overwhelmed if you’ve never gone through the process before. The good news is that hiring a professional during your search for IRS audit help Denver can work in your favor to ensure that you’re complying with all regulations. Some of the main services that you can hire a pro for during an audit include audit representation, audit defense, tax planning, and tax resolution. If you’re unsure of what service you require, we can help you with that too!
If you’re interested in getting a professional to assist you during your search for “IRS audit help Denver” it’s always a good idea to choose a reputable and experienced company to assist you. We hope that you’ll consider working with Denver Tax Group during your tax audit. Still looking for more insight into how to prepare for your audit? Take a look at these 9 additional tips for success below.
1. Maintain Accurate Records: Keep meticulous records of all your financial transactions, including income, expenses, and deductions. This will be invaluable when seeking IRS audit help in Denver and demonstrating the accuracy of your tax returns.
2. Organize Documentation: Arrange your documents in a systematic manner, making it easier to locate specific records during the audit. Having well-organized files can expedite the process when seeking IRS audit help in Denver.
3. Understand the Audit Letter: Carefully read the audit letter you receive from the IRS. It will outline the specific items or years being audited. If you’re unsure about any aspect, consult professionals who provide IRS audit help to ensure a clear understanding.
4. Seek Professional Assistance: Consider engaging a qualified tax professional who specializes in IRS audit help. The Denver Tax Group has extensive experience in handling audits, which can provide valuable guidance and representation throughout the process.
5. Review the Tax Return: Thoroughly review your tax return and cross-reference it with the IRS audit letter. Identify potential red flags and discrepancies to address them proactively. This attention to detail can contribute to a smoother audit process with the assistance of IRS audit help professionals.
6. Respond Promptly: Adhere to the timelines specified in the audit letter. Delaying your response could result in additional penalties or further complications. Engaging IRS audit help promptly can help you navigate the process effectively.
7. Be Prepared for Interviews: If the audit involves an in-person or phone interview, be prepared to answer questions about your tax return. Familiarize yourself with the information and documentation supporting your reported income, deductions, and credits. Consulting with IRS audit help professionals in Denver can help you anticipate and address potential inquiries.
8. Maintain Professionalism: Approach the audit with a professional demeanor, providing all requested information truthfully and accurately. Cooperation and transparency can positively impact the outcome. Remember that IRS audit help professionals in Denver can guide you on maintaining professionalism during the process.
9. Consider Appeal Options: If you disagree with the audit results, you may have the right to appeal. Consulting experts in IRS audit help can provide insight into the appeal process, ensuring your rights are protected and your case is presented effectively.
Looking for more reasons why you should consider working with Denver Tax Group? Check out this 5-star review from our customer Sophia Greer.
“Could not be more grateful for our experience with Chad and Leah at Denver Tax Group. Genuinely kind humans who take the time to get to know you and help in any way they can. Our tax situation is usually pretty simple, me and my husband are in our early 20s and usually rely on Turbotax for tax filing. However, we were told we owed this year. I reached out to Denver Tax Group for help. Chad was not only able to help us correct to not owe, but to receive a large refund instead, and gave us such valuable advice… Thank you so much!!”
Denver Tax Group, located in Aurora, Colorado, focuses on our client’s long-term growth while providing a wide array of services for your taxes. We believe a strong foundation is the key to financial freedom. Clear communication between the client and the tax professional, accurate preparation that we stand behind, and tax advice that will place you and your family on track for a strong financial future! We offer different services to prepare you for years ahead. Learn more about our services or contact us now to schedule your appointment at 303-333-0363.