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Memphis IRS & State Audit Representation

Why Your Business Needs IRS Tax Representation Services

When the IRS hits you with the dreaded audit notice, your first instinct will be to panic. Although this reaction is understandable, it’s not necessary. It’s how you prepare for the audit that matters. 

Some individuals and business owners choose to go through the process alone, but quickly realize it was a bad idea. Don’t make the same mistake. Hire a trained tax representative to help you with your IRS audit.

Business Tax Services

An audit can take three forms. It can either be through mailed correspondence, at the IRS offices, or in person on your business premises. IRS auditors are trained to sniff out information, and some people end up giving up more information than they should. You have a right to seek representation from Certified Public Accountants (CPAs) when faced with tax issues. 

Here are the services that our CPAs offer:

  • Conducting internal audits to help keep your records in order
  • A power of attorney, allowing the representative to act on your behalf on all tax matters
  • Correspondence with the IRS to avoid further penalties
  • Negotiation with the IRS for reduced penalties
  • Preparation of tax relief forms, such as Offer in Compromise
  • Setting up a payment plan
  • Filing back returns

Benefits of Hiring a Tax Representative

Running a business is a full-time job. It is even harder given the current economic uncertainties. Hiring a tax representative will help bring all your tax disputes to a speedy conclusion. Here are some of the benefits of enlisting professional help.

Timely Correspondence

The IRS will communicate when there is a problem. What you do after receiving the notification determines what happens next. Not all tax matters require face-to-face. Sometimes the IRS will be satisfied with copies of bank statements and receipts. Tax representatives dedicate their time to responding to all queries and seek clarification to avoid complications down the road.

More Time to Focus on Your Business

Even the best accountant can’t do it all. IRS tax audits can be time consuming. Should you choose to represent yourself, it would mean closing your business for the time being. On the other hand, letting a tax representative take over the workload gives you time to focus on your business.

Saves You Money

Most people who choose to go alone try to avoid paying representation fees. After all, why pay when you can handle it alone? They get a rude shock when they are hit with a huge tax bill at the end of the process. IRS personnel are trained to dissect your financial records from all angles; they will keep going until they uncover something. A tax representative is better equipped to fend them off. Should any complications arise, your representatives will negotiate for reduced penalties.

Less of a Chance of Costly Mistakes

After years of dealing with crafty business owners trying to cheat the system, IRS personnel know every trick in the book. Once you are under audit, every information you provide is scrutinized. 

Unfortunately, some innocent entrepreneurs get caught in the crosshairs due to avoidable mistakes. A prime example is when you disclose more than you should. Hiring tax representatives prevents you from being cornered and getting stuck in an audit sinkhole.

Get Help From the Best Tax Representatives in Memphis, TN

An untimely visit from the IRS can bring your business to a grinding halt, but that doesn’t have to be the outcome when you get that audit letter. At Fulton CPAs, we are ready to solve your tax problems so you can run your business in peace. Get in touch with us for all the audit services Memphis businesses need.

If you've received an audit notice from the IRS, please fill out the form on the bottom of this page to receive a Free Consultation with our tax specialist.

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Get in touch with Fulton CPAs

2851 Stage Village Cove, Ste. 22, Bartlett, TN 38134
Call Us: (901) 452-0558 • Fax: (901) 452-0012