Leading Tax Group’s James Alderete Educates Taxpayers on IRS Audits

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James Alderete, manager of Leading Tax Group, lists the top six biggest mistakes taxpayers make when receiving a notice of IRS audit and things they may not know.

Leading Tax Group

Leading Tax Group

Many times you will give the IRS information that will make your situation worse. Tax attorneys know exactly what to say and what not to say to help.

According to the IRS, an IRS audit is a review/examination of an organization’s or individual’s accounts and financial information to ensure information is reported correctly according to the tax laws and to verify the reported amount of tax is correct.

James Alderete, manager of Leading Tax Group, a tax resolution firm that specializes in removing IRS tax levies and penalties, shares the top six misconceptions about an IRS audit, including the biggest mistakes taxpayers make when receiving a notice of IRS audit (1-3) and things that people may not know when going through an IRS audit (4-6).

No. 1: Hire the same person that prepared the tax return to represent them in the audit. “Chances are that the person who prepared your tax return is the reason your tax return was selected for audit,” noted Alderete.

No. 2: Represent themselves in the audit. The IRS is trained to ask specific questions that will get the taxpayer to talk.

No. 3: Call the IRS first before hiring tax attorneys. “Many times you will give the IRS information that will make your situation worse,” added Alderete. “Tax attorneys know exactly what to say and what not to say to help.”

No. 4: The IRS can disallow legitimate business expenses. During an audit, it is the taxpayer’s responsibility to provide proof (receipts) for all expenses and deductions. “You are simply outmatched if you don’t know IRS procedure in an IRS audit,” stressed Alderete.

No. 5: The IRS can assess taxes, penalties and interest on any and all discrepancies. When the IRS finds mistakes, not only will they add the taxes owed but they will also add penalties and interest.

No. 6: The IRS can seize assets, levy bank accounts and garnish income to
collect any monies owed. “The IRS has the power,” concluded Alderete. “Don’t procrastinate, fix your tax problem before its gets out of hand.”

About Leading Tax Group
Leading Tax Group, which has ten office locations in Southern California, is a premier business dedicated to offering the finest services in relation to IRS tax problems. It also offers guidance to clients looking for help directly from IRS Tax Lien Lawyers in regards to IRS representation.Services include protection, bank levy release, tax lien removal, payroll and sales tax settlement, past due tax returns, tax settlement, wage garnishment removal, audit representation and more. For more information, call (800) 900-4250, or visit http://www.leadingtaxgroup.com.

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