Most people do not have the experience to deal with the IRS. An IRS audit takes significant time away from your business and requires the gathering of lots of information. The IRS will scrutinize your records and will expect proof substantiating deductions on your tax returns. An IRS audit requires you to have a comprehensive understanding of tax law and usually strikes fear into taxpayers’ hearts.
There are various reasons that you might have been selected for an audit: your “IRS Numerical Score” was high, a taxpayer that you have a relationship with was selected for audit, you engaged in an aggressive tax position that the IRS has a special group assigned to audit, a disgruntled ex-employee tipped off the IRS, or you may just be part of the IRS’s National Research Project in which they randomly select people for audit to recalibrate the population’s “IRS Numerical Score.”
Being selected for audit is not fun and handling it without professional help is ill-advised. Most people do not understand the Internal Revenue Code and do not know their rights as taxpayers. The IRS is trained to extract more information from you than you legally have to provide.
Wallace Neumann & Verville, LLP is well versed in IRS representation. Romeo Razi, a former IRS Agent, specializes in IRS negotiations. In addition to IRS audit representation, our services include:
- Levy and Seizure Assistance
- Tax Lien Assistance
- Erroneous Assessment Assistance
- Installment Agreements
- Offer-in-Compromise
- Audits of Real Estate Professionals (real estate professional vs. passive real estate investor)
- Worker Reclassification (independent contractor vs. employee)
- Officer’s Compensation
- Tips Compliance Agreements (including TIPS Rate Reviews, TRDA – TIP Rate Determination Agreement, GITCA – Gaming Industry Tip Compliance Agreement)
If you get selected for an IRS audit or are just looking for a consultation, please feel free to contact Romeo Razi or Mike Verville at Wallace Neumann & Verville, LLP.
