If you have any questions about avoiding an IRS audit or getting help if you’re about to have one, call a leading CPA firm in NYC Miller & Company with offices in NYC and Queens, NY.
When you receive a letter from the Internal Revenue Service telling you that they’re going to audit your business or personal tax returns, it can send a shiver of dread down your spine. The purpose of an IRS audit is to examine your returns for errors or omissions. The IRS can be relentless when pursuing taxes owed, which is why so many people fear the process.
Miller & Company, a leading tax accounting firm, offers many services to prevent an IRS audit and assist you in the event of one. Miller & Company LLP, NY Certified Public Accountants, a best rated NYC CPA firm.
In some cases, an IRS audit determines whether you’ve purposefully or inadvertently committed any tax fraud. Most cases find nothing erroneous, but because of their methodical processes, the IRS will find any problems and mistakes you made when filing your return. Rely on an experienced tax accounting firm in NYC like Miller & Company to:
The IRS uses several different techniques to determine whether to audit your return:
Because the IRS can audit almost any tax return in any given year, it’s best to have your tax return processed by a professional. This reduces the likelihood that you have to face the stress and worry of IRS audit. In fact, most tax professionals advise that you never speak to the IRS by yourself. They know the tax laws better than you could. When you hire expert tax accountants like those best NYC accountant at Miller & Company, they handle everything for you.
Regardless of the selection process, there are several ways your return can trigger an IRS audit:
In addition to the red flags above, the IRS commonly targets high wealth businesses and individuals like yourself. Tax returns that reflect $1 million or more in income make up almost a third of all IRS audits.
If your return has been chosen for IRS audit, you’re informed of your rights. Each state has its own version of these rights, but if your federal return is being examined, these rights are universal:
Sometimes, the IRS may send a Notice for a Joint Audit, which involves examining a business or personal return involving two or more states. When this happens, the IRS can examine multiple state returns as one to get a better overall picture of your income and check for inconsistencies. If you have any questions about avoiding an IRS audit or getting help if you’re about to have one, call Miller & Company.
Do you have questions about services we offer including IRS Audit in NYC and Long Island? Would you like to receive a personal IRS Audit consultation customized to your specific needs? To schedule an appointment with a nationally recognized, best NYC accountant, Paul Miller of Miller & Company LLP firm, please contact our Long Island or NYC tax accountants for a FREE CPA consultation.
|Queens CPA Firm
Miller & Company LLP
Paul Miller, CPA (Queens Certified Public Accountants)
141-07 20th Ave, Suite 101
Whitestone, NY 11357
☎ (718) 767-0737
|Manhattan CPA Firm
Miller & Company LLP
Paul Miller, CPA (NYC Certified Public Accountants)
274 Madison Avenue, Suite 402
New York, NY 10016
☎ (646) 865-1444