There’s a fair chance that you’ll have to go through an IRS audit at some point. The IRS audits over 600,000 tax returns per year. While audits have declined in recent years owing to budget cuts, recent changes, and increased funding now, mean that the IRS will have more resources to conduct audits. Working with a financial services firm is wise if you’re facing an audit and wondering why and how to choose a business consultant in Claremont, California. Let’s take a look.
Let’s face it, keeping track of your finances can be difficult on the best of days. Trying to sort out your finances and taxes with IRS auditors breathing down your neck can be a lot more complicated. Fortunately, you can ease the burden by partnering with a financial services company.
On the whole, audits are rare, and most are handled via mail. Sometimes, people will have to sit down face-to-face with an auditor. If you’re getting audited over something simple, you can handle everything on your own. However, if the audit is rather complex or you’re going in for a sit down with an Internal Revenue Service auditor, it’s wise to work with financial experts who can mitigate risks and help you get things sorted.
First, a financial professional can explain why you’re getting audited. Understanding the IRS and its many letters can be difficult, especially if you’re going through your first audit. From there, a financial services firm can help you get your finances and documentation together.
Once you’re on solid footing, you can respond to the IRS audit as advised by a financial specialist, such as an accountant. Wondering how to choose a business consultant in Claremont, California? If you’re looking for an experienced auditing firm, contact Whyte & Associates, serving Claremont, California, and beyond. Dial (909) 575-0080 to start the conversation.
