RECORD NUMBER OF AUDITS EXPECTED IN 2004…….. AND IT HAPPENED!!!! AGAIN and AGAIN!!
You May be Next!
Mark W. Everson, IRS Commissioner, stated on November 18, 2004, that audit rates are up for 2004, bringing in a new record of $43.1 billion for Enforcement Revenue. That is an increase of $5.5 billion from last year. The IRS selects returns for audit using several different methods. While the selection criteria used to select returns for audit is top secret, past experience tells us what characteristics will often result in selection. MORE BAD NEWS FOR THE 2006 SEASON! An even higher number of returns were audited in 2005 and the IRS continues to make no bones that the trend is for more audits in the future. For some specific numbers check out this article. Look folks, this makes perfectly good sense as a business matter. The only revenue generating people at the IRS are AUDITORS. My first and best advice is:
Never Go to an Audit Alone!
Of course a great way to avoid an audit is to make sure a qualified preparer handles your tax return. Using T&M means you have a CPA firm handling your return that has extremely few clients suffer the dreaded IRS audit, and we even offer AUDIT PROTECTION to qualified clients, should you run upon such bad luck. Read on, and learn more! I have a Special Report to send you “8 Secrets to Reduce You Chances of Receiving that Dreaded Audit”. To receive you report click here and submit your email address. Don’t worry! We never share you email information with others.
If you can avoid an audit, you should. But, if it happens anyway, you should be prepared. We offer IRS Pass to qualified clients. IRS Pass Silver gives you $2500 coverage for potential taxes, penalties, and fees resulting from an audit. Additionally, we will handle correspondence and documents should you be contacted by the IRS regarding an audit. With IRS Pass Gold, you receive $5000 coverage for potential taxes, penalties, and fees as well as personal representation in the event of an audit so you never have to worry about paying an accountant to accompany you during the audit process. WE GO FOR YOU, not WITH YOU, AS YOUR PERSONAL REPRESENTATIVE. You do not have to worry about what to do and how to work the IRS into your hectic schedule. A CPA will be there for you.
Will You be Alone if You Are Audited?
[ Link to Audit Pass; http://www.tmicpa.com/audit_pass ]
Many taxpayers think their preparer automatically offers free consultation or even representation in the event of an audit. This would be the exception rather than the rule. If you think your CPA offers this service, ask him today. Chances are, you risk a fairly painful expense should the IRS ever decide to look over your returns carefully in an audit. A CPA can make that much less painful and almost always help you avoid potentially damaging mistakes.
Don’t be alone! Call (256) 739-3195 today to see if you qualify for IRS Pass.
Of course there are details regarding the IRS Pass service, and you should understand them completely before using the service. The agreement is less than two pages and you can read it in our offce as well as ask us any questions before you sign up for the service. Make sure you know your options before it’s too late. Come by or call our office today at (256) 739-3195.