While many people who get notified that they are being audited by the IRS have a certain level of expectation that this can happen, it is not at all uncommon to find out that you are being audited out of nowhere. This news can come as a major shock and definitely leave you feeling like you are stuck in an unsettling situation. As soon as you get the notification that you are being audited, it is imperative that you reach out to a tax attorney right away. Here is a look at some of the reasons to immediately hire a tax attorney if you've been notified of an audit.
Your attorney will need all the time they can get.
If you delay hiring a tax attorney after being informed of an audit, some attorneys will not take you on as a client. Getting familiar with someone's tax records can be a long and arduous process, and the attorney needs to be as familiar as possible before they try to represent you during an audit. The faster you bring an attorney on board, the more time they will have to go over your financial documents and get prepared for whatever the IRS auditor has to say.
The investigation will often begin right away.
Once you have received notification that you are being audited, the IRS has pretty much already started to look into your return, so their investigation will happen rather quickly most of the time. To ensure you are on top of the investigation, hiring a tax attorney right away is your best plan of action because your efforts will match what is going on already that you may not know about.
You will already have representation to guide you in answering questions.
When the auditor starts asking you questions about your taxes, it is best if you have legal counsel to guide you in answering their questions. Saying or doing something wrong can lead you to make costly mistakes. Your attorney will often require that they are present when you interact with an auditor just so they know what is taking place and you know how to handle questions and respond properly.
Even though hiring a tax attorney when you have just received a notification that you are being audited can seem like an unnecessary thing, it is actually for the best. Reach out to a tax attorney at a firm like Kitch Law Firm for more information.
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