Top accountant Pauline Ho founder of Laus Consulting Services LLC in Orlando, FL offers strategies for managing IRS tax audits. For more information please visit https://lausconsult.com
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In a recent interview, Pauline Ho, senior accountant at Laus Consulting Services, LLC, based in Orlando, FL, has just unveiled tactics for handling an IRS tax audit.
For more information please visit https://lausconsult.com/
Reflecting on the experience, Ho remarked, "Receiving an IRS audit request can be quite intimidating. Here are a few pointers to streamline the process if you find yourself in that situation."
Upon receiving the audit request, Ho emphasized the importance of thorough preparation.
“Be as well prepared as possible so you can manage your expectations and ensure that the audit doesn’t go sideways. You’ll be able to find information in the letter of request about which type of audit the IRS wants, which will allow you to determine how serious the audit is and how you will communicate with the IRS,” she said.
Ho outlined that the IRS may conduct a correspondence, office, or field audit.
"Correspondence audits are less rigorous and only require submitting requested documents to the IRS. Office and field audits necessitate face-to-face meetings between you or your representative and the IRS tax auditor," she clarified.
Being prepared for a persons meeting with the auditor, Ho says, is crucial. When asked to elaborate, she said, "You'll be asked a series of questions by the auditor during the session. There are online resources that you can study beforehand that provide useful information on questions asked based on the type of audit.”
Ho stressed the importance of being able to answer questions easily as it will make the auditor's job go more smoothly and sets the ground for a more productive collaboration.
“Don’t be afraid to be thorough with the auditor. Chances are the audit is not going to be over after the meeting, meaning you’ll be in contact again. Make sure to set deadlines for each step of the audit and ask questions about anything you don’t understand. Showing eagerness is likely to impress tax authorities,” she said.
Another way to ease the auditing process is by asking for help from tax professionals.
When asked to elaborate, Ho said, "Tax professionals – such as an enrolled agent or certified public accountant - are there to help guide you through each phase of the audit. A big advantage of hiring a tax professional is that they can also represent you and meet with the auditor on your behalf.”
Source: http://RecommendedExperts.biz
Contact Info:
Name: Pauline Ho
Email: Send Email
Organization: Laus Consulting Services LLC
Address: 879 Outer Rd B, Orlando, FL 32814
Phone: 407-401-9768
Website: https://lausconsult.com
Release ID: 89136971
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