This is the time of year you typically start to see those thick letters come from the U.S. Treasury Office. Congratulations! You’re being audited!
Your first response may be to release a stream of creative explicatives. This is normal.
Say what you need to and get it all out.
Your next response should be to carefully review what the IRS or PA Department of Revenue is accusing you of having misstated. Gather up all your information and supporting documentation for the items in question, then call an experienced attorney for a consultation on your situation. Today.
Do not respond to the letter until you have spoken to a professional. BUT, do not ignore it either. I promise you, it won’t go away if you put it in a drawer and forget it. Delaying can add interest to any outstanding debts and further complicate your case.
If you’re a business owner, you may think your first call should be to your accountant, but generally these are not the best resources as there is only limited accountant-client confidentiality. The taxman could potentially could gain access to your communications with your accountant or financial adviser and use them against you. However, any communications between you and an attorney are protected by attorney-client privilege.
With extensive experience in all types of tax disputes, I can help you resolve your problems and minimize your tax exposure. Call my office at 724-216-5180.