Category Archives: IRS Problems

The key to a successful audit is to be organized before you go into the audit.  Generally taxpayers require professional assistance to get their records in audit format.  It’s like doing an audit on yourself before you meet with the IRS auditor in Phoenix AZ.   Taxpayers are often surprised to find that their records are not in agreement with what was reported on their tax returns.  If the auditor insists on meeting at your home there is cause for concern.  The auditor wants to evaluate your “life style.”  If your auditor wants to meet you at your home, call Scott Allen E. A. of Tax Debt Advisors, Inc. for representation.  Scott offers a free consultation and can be reached at 480-926-9300.  Tax Debt Advisors, Inc. has been representing taxpayers since 1977.

www.taxdebtadvisorsinc.com

– Scott Allen – info@taxdebtadvisors.com

You are well advised to get a consultation with an IRS audit professional near Scottsdale AZ.  In general it is best to have representation at the audit meeting.  Scott Allen E.A. has audit expertise and sometimes may advise you to attend the audit with him.  If you do decide to handle the audit alone, only respond to the questions asked and don’t volunteer information.  Audits can be done at the auditor’s office, your representative’s office, your home or through correspondence.  Locations are dictated by the IRS auditor based on the circumstances surrounding the purpose of the audit.

Call Tax Debt Advisors, Inc. at 480-926-9300 to schedule a free consultation.  Tax Debt Advisors, Inc.  has represented clients at IRS audits for over 36 years.

www.taxdebtadvisorsinc.com

– Scott Allen – info@taxdebtadvisors.com

Here is some information about IRS audit red flags for Chandler Arizona residents.  Some can be avoided and others cannot.  However, if you are entitled to a deduction, take it.  Don’t avoid a deduction because it might trigger an audit.  Here are the top ten reasons taxpayers get audited:

• Income is too high—not much you can do here but it is facts that the higher your income the higher the chances you will be selected for an audit even if you don’t have other audit red flags.
• Omitting income that has been reported to the IRS—the IRS computers match up income reported to them, to income reported on your return.  If you have omitted a 1099 or W-2, the IRS will send you a notice.
• Large charitable donations of property—remember to file form 8283 for donations over $500 and have an appraisal.
• Home Office deduction—everyone wants to deduct what amounts to personal living expenses against business income.  Remember that the area of your home that you want to write-off expenses must be used exclusively and regularly as your principal place of business.  A corner of your bedroom or kitchen is not acceptable.
• Rental losses—active participation allows you to write-off up to $25,000 of loss subject to phase out rules.  Real estate professionals who spend more than 50% of their time and 750 hours each year can deduct losses with no limitations.
• Excessive business meals and travel and entertainment expenses—it just seems to be too tempting for self-employed individuals to try to take advantage of these deductions and the IRS knows that.
• Writing-off 100% of business use of vehicle—just reporting a more realistic % can avoid a tax audit in this area.
• Businesses that lose money—there must be a profitable business motive.  If you are trying to deduct each year losses from what amounts to a “hobby,” expect an IRS audit.
• Higher than average deductions—deductions that are higher than average compared to income reported is a huge red flag.

Scott Allen E.A. of Tax Debt Advisors, Inc. offers a free consultation for Chandler AZ taxpayers and all surrounding cities, and can be reached at 480-926-9300.  Tax Debt Advisors, Inc. has been representing taxpayers since 1977.

www.taxdebtadvisorsinc.com

– Scott Allen – info@taxdebtadvisors.com

The key to a successful audit is to be organized before you go into the audit.  Generally taxpayers require professional assistance to get their records in audit format.  It’s like doing an audit on yourself before you meet with the IRS auditor in Gilbert Arizona.   Taxpayers are often surprised to find that their records are not in agreement with what was reported on their tax returns.  If the auditor insists on meeting at your home there is cause for concern.  The auditor wants to evaluate your “life style.”  If your auditor wants to meet you at your home, call Scott Allen E. A. of Tax Debt Advisors, Inc. for representation.  Tax Debt Advisors, Inc. offers a free consultation and can be reached at 480-926-9300.  Tax Debt Advisors, Inc. has been representing taxpayers in an near Gilbert AZ since 1977.

www.TaxDebtAdvisorsInc.com

– Scott Allen – info@taxdebtadvisors.com

Most taxpayers assume that Tempe Arizonatax audits are only done by the IRS.  Generally, that is true but if the IRS audit shows that you under reported income or over deducted expenses, they will notify the state you live in as well and you will have additional taxes, interest and penalties from your state.  Tax Debt Advisors, Inc. has the expertise to represent you before the IRS.  IRS form 2848 (Power of Attorney) authorizes Scott to represent you.  Once the IRS auditor receives this form they are required to send all correspondence to Tax Debt Advisors, Inc.  Scott will be able to attend the audit without your attendance in most situations.  His company Tax Debt Advisors, Inc. has negotiated settlement options if in fact you owe more taxes.  Just having Scott Allen E.A. on your side reduces the stress of being audited.  Call Scott Allen E.A. at 480-926-9300 to schedule a free consultation.  Scott will not take your case unless it is in your best interest.  That is why Tax Debt Advisors, Inc. near Tempe AZ has be helping taxpayers since 1977.

www.taxdebtadvisorsinc.com

– Scott Allen – info@taxdebtadvisors.com