You’ve received the notice, one of the most feared in the country, that the IRS is going to be conducting a tax audit on you. Whether you’re an individual or a business owner, the fact of facing a tax audit is both more and less scary than it seems. On the one hand, if you have been doing your best to keep your taxes straight or if you’d have a tax accountant help you with your taxes in Las Vegas, you probably have nothing to worry about. On the other hand, it’s possible that you’re going to spend the next month or more looking for the back-up documents relating to your taxes. A tax audit is a frustrating and sometimes monotonous experience, but it doesn’t have to be a disaster.
Don’t Panic – People Like You Have Done This Before
The first thing to do when faced with a tax audit is to take a deep breath and remember that many people have been through what you’ve been through. Tax audits happen every day in Las Vegas and around the country, and many people walk away with nothing more than a bunch of lost time and an intense respect for their future tax filing and document organization. If you made mistakes, they will probably be found. But as long as you made them with the best intentions of getting things right, you will only have to pay the difference in what you owe and what you actually paid. If you intentionally defrauded the government, you may be in bigger trouble.
Should You Hire Someone to Help You With Your Tax Audit?
The next thing you should do is consider hiring an enrolled agent here in Las Vegas who can help you through the tax audit process. Enrolled agents represent their clients in proceedings with the IRS, such as a tax audit, and they are experts in tax law and tax code. If you already have an accountant who helps you with your taxes, and has helped you in past years that will be audited, they are going to be an invaluable resource. But if you don’t have anyone you can rely on to represent your side of the situation, it’s a good idea to consider hiring an enrolled agent. Having an enrolled agent is kind of like having your own special tax legal advisor. They have experience with tax audits in Las Vegas and they are there to represent you and help you through the process.
One of the best enrolled agents in Las Vegas is Robert Wagner of Wagner and Associates. He can help you through your tax audit and get you out the other side with as few scratches as possible.