The benefits of using Parent & Parent LLP to represent you with an audit
- The attorney-client privilege applies to all communications.
- We are experts at handling audits where you haven’t done everything right.
- We know how to look for hidden penaly exposure you may have.
- We are not afraid of taking aggressive tax positions.
- We are not afraid to appeal or fight issues in tax court.
- We clean up messes others have created.
- We keep your interests first and foremost.
- Experience with tough tax audits with clients from around the world
- Success with simple mileage audits to complicated multi-entity cross-border examinations.
What is an audit?
An audit is an examination of a tax return done either in person ( a “field” audit), or by mail (a “corr” audit). There are far more corr audits than field audits.
What are some of the things that may trigger an audit?
The IRS never gives its exact formula away, but we do know that high deductions and unusually low gross income tend to be audit red flags. Also, there are “whistleblower” audits (generally when ex-spouses and ex-employees call you out to the IRS). Additionally, the IRS has ramped up its scrutiny of tax returns with international income.
How we help with your audit
There are certain actions you should take, and certain actions you shouldn‘t take in an audit. For instance, if you represent yourself in an audit it is very possible that you will become emotional with the auditor. This will shine a negative light on you. Or you could trip up and say something that seems innocent, but could be used against you.
Hiring us means that you don’t have to personally deal with the IRS; we become the middle man that shields you from the auditor.
Also, many people just have boxes of all their records. If we give the auditor all of your records, the auditor will then have to go through a lot of work to organize your information. Usually, their assumptions about your financial story will not be helpful to you. It is our job to take all of your financial information and provide simple, easy to understand information to the auditor.
Is there a criminal risk of prosecution?
Yes, but it is very little if you are polite, honest, organized, upfront, and properly represented.
What about audit negotiations – can you help me with that?
Yes. The IRS loathes the thought of having tax court decisions go against them. The threat of legitimate litigation is a factor considered in negotiations. Don’t give up hope. An auditor’s determination of an issue is not final. Our plan of action is to create a record that can be won on appeal, or in tax court if the audit doesn’t go your way. We are highly organized and ready to fight for you.
We have a proven track record of success in helping thousands of taxpayers dig out of their tax troubles. With over 10 years of experience, we’ve developed a process. It works.
Contact us to set up your free, confidential consultation. Call us at 888-727-8796 or email info@irsmedic.com.
