Let us deal with the IRS for you
Accountants know that if the IRS is sending you correspondence, it is probably because they believe you owe them money or because their records do not agree with what you have submitted on your tax return. Interaction with the IRS can be incredibly stressful and something that is better navigated with a professional accountant, experienced in this area. Hiring an accountant also helps protect your rights and resolution of your issues can happen more quickly with a better outcome than if you had represented yourself.
IRS Audit Representation
If the IRS finds a reason to audit you or you are selected for a random audit, most accountants will agree, hiring a professional to represent you will often yield a much better end result for you, the taxpayer. Dealing with the IRS is not only incredibly stressful, it is a very time consuming task. You must be properly prepared. Having a professional accountant to guide you through the process is most often money well spent.
When being audited by the IRS, a frequent and common problem is truly understanding the scope of your taxpayers bill of rights. Often, the auditors attempt to gather information from you that you may not be required by law or even obligated to give them. Hiring an accountant experienced in IRS audit representation, will help you save time, money and some gray hair, all while also protecting your rights.
Frequently Asked Questions
One of the first things people want to know about CPAs is how much does their service cost. Unlike other professional services, there is no set amount. It varies on how organized and prepared you are, the complexity of the return, and the overall time it is going to take to prepare your taxes. It is important to remember that you are hiring an expert who can save you a lot of time, questions, frustration and money. This should be factored into your decision to hire a accountant or CPA, because your savings will likely be larger than the initial cost.
When you are faced with an IRS business audit, you are most likely going to be stressed and overwhelmed. Hiring a CPA to help you is the best decision you can make. IRS auditors are trained at asking the right questions to get the most money from you. During this stressful situation, play it safe and smart– have a CPA on your side. They have the experience you need.
When is the best time to hire a CPA? The simple answer is now. Establishing a relationship with an experienced CPA can significantly help you with your personal and business tax preparation, financial and business planning, and help you plan and maximize your financial goals. It is also better to hire a CPA early on, rather than after you get a notice from the IRS (“love notes” I like to call them!).
Knowing what to have prepared before meeting with a CPA or accountant is important. Being prepared will save you on preparation fees, and potentially increase your deductions. Although it may take you a little extra time to get prepared, it will only help you in the end. Gather any medical documents for medical deductions and also items like property tax documents. Bags of grocery receipts (which you don’t need) and important tax documents (which you do) all jumbled together will only be a costly and time consuming waste–separate and organize!
Knowing how often to meet with your CPA will help you maximize your CPA’s services. Many people look to CPAs as a kind of history service that goes back and reviews, and then prepares. This is somewhat true, but you need to be aware of the fact that you will benefit more by understanding how a CPA can help you with preparation and timely decision-making. By only meeting in the crunch time just before April 15th, you miss out on any potentially beneficial tax and financial decisions that can be implemented during and prior to the end of the year.
EVANS NELSON & COMPANY, CPAS
160 West Huffaker Lane
Reno, NV 89511
Phone: (775) 825-6008
I just want to give a shout out to our CPA @ENCPAs!! If you need an awesome CPA give Tim a call at (775) 825-6008. He Know His Stuff!
Evans, Nelson & Company has been my firm’s Accountant for over 10 years. Not only have they prepared our taxes, but they have stepped in when we needed book keeping assistance. Tim, Emily and their staff are extremely competent and have made me and my staff feel valued as their clients.
I give them 5 Stars! Evans Nelson & Company CPA’s are fast and reliable. They are up to date on all tax code and have helped me save money on my past several returns, as well as plan for future tax implications.
Evans, Nelson & Company has been our CPA firm for many years. A trusted advisor who is always looking out for my best interest…I give them my highest recommendation!
We have worked with ENCPA’s for 15 years. They are highly professional, organized and excel in offering smart strategies for your business and personal finances. We wouldn’t use anyone else! They are the best!