Like most individuals, you don’t want to face IRS problems. Receiving an audit letter from the very agency that you don’t want to deal with can be worrisome. If you receive one, here are the things that you should do:
- Stay calm.
This is probably the first piece of advice you will get from tax accounting firms in Texas. Keep in mind that the letter itself is not an indication that you did something wrong. It just means that the IRS needs some clarifications with the tax forms and documents you submitted.
- Know what type of audit the IRS will perform.
There are different types of IRS audits. These are correspondence, office, field, and taxpayer compliance measurement program audits. Knowing the type of audit will help you know what steps you need to take.
- Prepare the necessary tax documents.
Once you know the type of audit, you can prepare the tax documents that you need. A provider of accounting and bookkeeping services may be able to help you round out the ones you should be getting.
- Take advantage of tax services in Round Rock, Texas.
We understand that receiving the letter may cause you to panic. KF Tax & Accounting,P.C. offers reliable tax services beforehand so you can be sure that the tax forms and documents you submit are clear and accurate. Call us today!