Handling an IRS Tax Audit or responding to a letter from the IRS is not like a DIY repair project, especially for small business owners who might have to spend considerable time sorting through their accounts. This is where the Tax Advisory and Tax Consultant services of Diamond Head Tax Group OAHU comes in to help individuals and business owners alike sort through their finances, making the process stress free with professionals handling the tax audit situation.
Diamond Head Tax Group OAHU services include Tax Advisory and Tax Consultancy which can provide individuals and business owners with professional assistance in resolving IRS Tax Audits and answering IRS letters in their favor.
Resolve IRS Tax Audits, Answer IRS Letters with Diamond Head Tax Group OAHU Tax Advisory & Tax Consultant Services - Schedule a HONOLULU Tax Audit Consultation: 808-468-8041
A tax audit is an official review of an individual or business's financial records to ensure they are accurately reporting their income and paying the correct amount of taxes. The purpose of a tax audit is to determine whether a taxpayer has accurately reported their income, expenses, and other tax-related information. It also helps the government to identify any potential tax evasion or fraud.
This can be avoided through the proper processing and filing of taxes, which is easier for businesses and individuals alike if they have their finances in order. The professional HONOLULU Tax Advisory services of Diamond Head Tax Group OAHU is here to help businesses avoid IRS Tax Audits in the first place. If the time for prevention has passed, we will also help resolve the IRS Tax Audit in your favor.
Let the Pros Handle the IRS Tax Audit Process
IRS Auditors are experts at their process, so it is best if they are met with the experts at Diamond Head Tax Group OAHU who will represent you and act on your behalf for your best interests. IRS agents are seasoned and have seen these types of situations many times, they know the rules and might not explain to you how things work. This means you will need proper representation, just like being a defendant at court.
Diamond Head Tax Group OAHU will represent you, our team of experienced pros will be at your corner, explaining matters so that you will know your right and understand the tax code. We will crunch the numbers and file the paperwork so that the IRS Audit will be resolved fairly.
Insufficient Records are Costly
In an IRS Audit, the agency will request specific documents that they will review, such as receipts, bills, legal documents, loan agreements and other records. If these are missing then the process will become more difficult. It is possible to reconstruct these records but there has to be a good explanation to prevent additional taxes plus a 20% negligence penalty.
Too Much Information Has Risks
IRS agents can increase the scope based on what they find in their initial review, so if they find a document or hear you say something they find suspicious, they can extend the audit. It is important to be prepared with proper support, documentation and clear answers to their questions to limit further audit risk.
Don't Miss Audit Deadlines
In the original IRS Audit Request they will include a response deadline, typically within 30 days. If this is missed the IRS will charge a tax return using their interpretation of their findings, which will be even costlier. They will assess new taxes, interests and penalties.
If you want your side of the story to be heard and for the tax return to reflect things fairly you must seek assistance early on to prepare a plan and meet the IRS' deadlines. Diamond Head Tax Group OAHU's Tax Advisory and Tax Consultancy services are tailored to help answer IRS Audit requests in a timely fashion to prevent penalties.
Get Peace of Mind with Expert Assistance
No one wants to be subject to an IRS Tax Audit but this does not have to be a crisis. With the help of Diamond Head Tax Group OAHU Tax Experts you will have a plan of action with step-by-step measures to attain the best possible outcome in the IRS Tax Audit. You will have representation with tax expertise and your best interest at heart.
Contact us and let our skilled OAHU Tax Experts offer their well-rounded tax advice and tailored tax solutions to help you file accurate tax reports. Diamond Head Tax Group is Honolulu's trusted source of tax filing services serving Waianae, Honolulu, Kapolei, Oahu and surrounding areas.
We are available to assist you with your Tax Needs.
Individuals ● Business ● Tax Advisory ● Payroll Services
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