Being a business owner is challenging. There are a ton of factors that affect your business every single day. However, most of the time you can make a direct impact by choosing an action. This is why when it comes to tax season, the thought of being audited can be scary. Dealing with the IRS is most likely not in your arsenal of tools. Every tax situation is unique, and you can be audited for very different reasons. Yet, there is help. IRS representation services are professional CPAs (and sometimes lawyers) who will help represent you to the IRS. Not only can they help you file your taxes but they can negotiate the best deal for your tax situation. Let’s break it down. Here are five reasons you must hire IRS representation services.
- Help you do your taxes right the first time
- Professional audit representation (more favorable outcome)
- Save time and less stress
Help you do your taxes right the first time
There are two distinct clarifications we need to make before going any further.
- You can hire IRS representation services after you file your taxes or before.
- Not all IRS representation services are the same and offer the same services.
Some IRS representation services will only help you after you have filed your taxes and have received an audit notice from the IRS. However, if you partner with a CPA firm year-round, they will not only help you with IRS representation; they can also file on your behalf. This can help you avoid even being audited by the IRS in the first place. Even if you are audited, your case would then be represented by that CPA firm.
Why would we suggest hiring a CPA firm other than the fact that we are one? There are many common problems that occur when a business tries to file its taxes. Oftentimes, these could be negotiated by working with a professional CPA.
Professional audit representation
Now that you are being audited by the IRS, it is imperative that you seek out IRS representation services. Why? Taxes can be complicated. Navigating assets, differentiating between personal and business expenses, and assessing proper write-offs can be more than a business owner can handle. This is why many hire an accountant to do it for them. IRS representation services can keep you from making a mistake when dealing with the IRS. Furthermore, if you have made a mistake on your taxes or business filings, they can often negotiate a better deal for you. That includes:
- Removal of liens, levies, interest, penalties, and more.
- More favorable settlement
- Qualifications of relief programs
- Repayment options
- Correct navigation of tax code
- And more!
This doesn’t mean that you will be guaranteed no consequences. Rather, it means that if you are going to face some type of punishment, you will receive the best representation and hopefully receive lighter punishments. You should use your right to representation because it means you have a fair chance at pursuing the best outcome.
Save time and less stress
As we mentioned before, being audited can make you feel unsure of what to do. However, when you use IRS representation services it does not have to be this way. Instead of spending time pouring over spreadsheets and receipts, you can focus on what is important. IRS representation services will handle all duties related to the audit. They will consult you and let you know about the ongoing audit as well as any penalties you might face.
You don’t have to stop day-to-day operations. You don’t have to be tied up in meetings with accounts all day. They work on your behalf so you can continue growing and improving your business. That alone is worth the cost. Don’t allow yourself to become stressed due to an audit. Choose IRS representation services that will help you live your best life.
Are you considering IRS representation services for your business or personal finances? Want experienced CPAs to represent your case? At Sheffield, Trackwell, and Rapp LLC we can help. We’ll represent your case to the IRS and make sure you get the best settlement possible. Contact us today to find out more.
