Dealing with the Internal Review Service (IRS) can be a stressful and overwhelming situation. You may have a problem with the IRS that you do not even know about until it is too late. There are many new and complex tax regulations that affect you and your business. One reason for deciding to hire a Reno CPA is to help you understand these changes.
An IRS audit can be a very time-consuming process if you are not properly prepared. Hiring someone who is experienced in IRS audit representation not only decreases your stress level, but also can save you a lot of time and money. Now, more than ever, the IRS is more actively involved in enforcing policies. This means that you need to be aware of all of the tax regulations that affect you.
The IRS auditor’s job is to do everything in their power to get as much information out of you as possible. One common problem with being audited, is knowing your rights. Often, the auditors will pry information out of you that you are not obligated to give them. They do this to ensure that they have enough information to get the most money out of you in the end.
Having a CPA on your side will limit the amount of time you spend talking with the IRS. In fact, more often than not, having a representative will eliminate all communications between yourself and the IRS. The decrease in IRS communication will give you more time to spend with your family or business. It will ensure the IRS is only getting the information they are obligated to.
Is it going to cost you money to hire a CPA? Yes. Is it going to cost you more than what you are probably going to end up paying if you deal with the IRS by yourself? No. Simply put, hiring a CPA who has experience in IRS audit representation will save you money in the end.
If you have problems with the IRS then you need to consult a CPA and figure out what can be done to help get the IRS off your back. Even if you do not have a current problem with the IRS, it is never a bad idea to be prepared. Whether you are an individual or a small business owner, it is a good decision to make sure that you are prepared to deal with the IRS. Hiring a CPA gives you the opportunity to double check that you have all the proper documentation needed. Someone who is experienced with IRS Representation will help you review your situation and make sure you are not missing anything that could cause problems between you and the IRS.