Turn to your Rancho Cucamonga tax specialists for help with an audit

Accountant is highly desirable for small businesses located in the 91730 zip code.

Although most people fear a tax audit, this investigative process by the IRS occurs relatively rarely. If you have received a letter from the IRS, try not to panic. With calm assessment and professional assistance, your situation can be handled efficiently.

Letters from the IRS do not always mean what you think.

  • The adjustment letter. This is not a letter indicating an audit, but a letter that indicates there has been a change to either your refund or the amount owed in taxes. If the IRS notices a mistake in numbers on your form and sends you an adjustment letter, this also does not indicate that you should fear an impending audit due to the mistake.

  • The correspondence audit letter. As it sounds, the correspondence audit is an audit; one that can most likely be handled without a face to face meeting. This letter will request that you provide information to clear up a misunderstanding of your tax return. For instance, clarification may be sought if the income on your W-2 is different than that reported by your employer.

  • The examination audit letter. The examination audit is the type most feared. Fortunately, it is also the least common type of correspondence received by the IRS. If you receive an examination audit letter, an experienced professional at Whyte & Associates can help you make sense of the nature of your audit and the information you are being asked to provide. Part of the examination audit is a face to face meeting with your IRS representative. The letter you receive will discuss the scheduling process and possibly the preferred location of the meeting. A meeting will need to be scheduled within a certain time frame.

The best way to handle correspondence from the IRS is to remain calm and face the issue of an audit head-on. Ignoring tax problems will not make them go away. In many situations, the issue at hand is minor and can be handled quickly. In any case, professional assistance from an experienced Enrolled Tax Agent can ease your mind and get you back on track. Your tax counselor at Whyte & Associates can help you gather the necessary documentation and can also sit with you in your audit meeting.

You are not alone in your tax concerns. Call our Rancho Cucamonga office at (909) 575-0080 to obtain face to face support.