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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.
Paul Miller is the best tax accountant in NYC, one of the few New York accountants who look beyond the page to find how your business and lifestyle can work together in ways you never imagined. Top rated CPA firm in NYC Miller & Company of New York finds solutions with a right combination of creative ideas that let your wealth work for you, not against you.
Tax season is finally over! You’ve dutifully turned in all your receipts to your personal NYC CPA on time, and you’ve received good news. Perhaps one of these scenarios is familiar:
You don’t owe any money to the IRS.
You owe an amount that’s considerably lower than you imagined.
All is well in the world and with your business. Then you receive a letter from the IRS. If you’re like many wealthy and successful business owners in Manhattan, you may feel a chill run up your spine before you even open the envelope.
It’s OK. If you were holding your breath, let it out and breathe normally. Slow your heart rate. The Internal Revenue Service itself recommends on its website that — in the event you receive an IRS letter — don’t panic!
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.
You may receive a letter from the IRS for a number of reasons, not all of which mean dire consequences:
They need more information
A correction was made to your return
You owe them money
They owe you money
They need a signature for a third-party authorization
Your identity needs to be verified
You’re being audited
Carefully read the letter to make sure you understand its contents. Most requests from the IRS are pretty basic. All you need to do is follow the directions contained in the letter and provide the required information. Very often, there’s a “respond by” date within the letter, and it’s best if you follow those directions to:
Avoid mounting fees and penalties
Leave yourself open for further appeals, if necessary
Who You Gonna Call?
No matter how simple their request, when you receive a letter from the IRS, you should contact your tax CPA to ensure you’re protected and reading the notice correctly. You don’t want to miss any important deadlines just because you misread a bureaucratic notice. Even if the directions are straightforward and clear, keep a copy of the letter and your response for your accountant’s records. The issue may be one that you can avoid in the future.
When you receive a letter from the IRS that includes findings with which you disagree, contact your tax CPA immediately. The expert CPAs at Miller & Company can provide you with copies of the documents you need to prove your case or handle the request directly. The most important thing to remember is to meet deadlines at this juncture. Once you’ve submitted your dispute, the IRS then has 30 days to respond.
The Dreaded Audit
You must receive a letter from the IRS if you’re going to be audited — they won’t contact you by any other means. This also requires an immediate call to your CPA, who most likely can put your mind at ease. Audits usually are selected at random based on statistical models. Audits also are common when your business partner or investors are being audited.
No matter why you were chosen, your personal business accountant at Miller & Company can often handle it without your involvement. You can go about taking care of your business and your personal wealth, knowing that you’ve chosen an accountancy firm that firmly has your back — in all situations.
Do you have any 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, leading accountant, Paul Miller of Miller & Company LLP firm, please contact our Queens or NYC tax accountants for a CPA consultation.
Queens CPA Firm Miller & Company LLP Paul Miller, CPA (Queens Certified Public Accountants) 141-07 20th Ave, Suite 101 Whitestone, NY 11357
Expect a thorough commitment to excellence. Creative advice and outstanding performance — merged with relentless dedication and vigilant customer service — mean that your CPA responds quickly to requests and questions. Accounting experts are just a phone call away.
A full-service consulting and accounting firm in New York
“Nothing less than the best.” That’s what current and former clients say about Miller & Company. It’s that reputation for excellence that drives successful individuals and businesses to work with this team.
The financial expertise you’ll find at Miller & Company is unparalleled in the Manhattan and New York City areas. Your personal CPA gets to know who you are — identifying the objectives you have and the challenges you face. Then, using a wide range of innovative business strategies, you’ll receive breakthrough solutions that no other accountants thought possible.
Professionalism is more than certifications and degrees
Professionalism is more than certifications and degrees -- all of which you’ll find at Miller & Company. Professionalism at Miller & Company means you’re always treated with the respect you deserve. Professional CPAs embrace their commitment.
When you contact this New York City accounting team, you receive the most up-to-date information, the most innovative financial concepts and the best possible solutions. You get accountants honesty and integrity necessary to earn your trust. Your satisfaction is paramount.