After all, IRS audits are relatively rare: only 0.6% of tax returns, or six million of them, were examined between 2010-2018. Of these six million returns, less than one million entailed any type of audit at all. Of the 771,095 tax returns that were under audit, a vast majority were done by “correspondence examination” (also known as a “desk audit”), only 202, 223 field audits were actually done in person with an IRS agent, which is commonly portrayed in the media. The IRS must adhere to the Taxpayer Bill of Rights by providing you due care in conducting your audit, in addition to adhering to the correspondence and field audit guidelines in the Internal Revenue Manual.
Some taxpayers try to handle tax issues on their own but end up with disappointing results. Negotiating effectively with taxing agencies requires specialized knowledge and experience to interpret, understand, and apply tax regulations that work in your favor. We deal with these agencies routinely and are prepared to help you with your unique situation.
However, most individuals opt to work with a tax professional since audit correspondence and navigating various areas of tax law and administrative procedures are incredibly time-consuming and can be fraught with mistakes.
58% of tax returns that were filed in 2019 were done with a tax professional, and many taxpayers go on to retain the same tax professional for assistance with other tax matters. Only professionals like attorneys, CPAs, and Enrolled Agents can represent you in all tax matters, not just tax returns they prepared.
What is Tax Resolution Services?
Tax resolution services pertain to tax issues that have arisen due to incorrect preparation of tax forms, tax debt, IRS errors, major changes to your business and/or personal lives, or neglecting your tax matters. The services listed below commonly fall under the tax resolution umbrella. Some tax resolution experts offer all of these services while other companies or independent experts focus on one specific area, such as audit support or back tax settlements.