IRS Increases Number of Audits by Over 12% Resulting in $38 Billion in Additional Tax Due From Taxpayers

The Internal Revenue Service’s Statement of IRS FY 2012 Fiscal Performance Results (Last revised and updated December 31, 2013) listed that the IRS increased examinations across all categories by more than 12% in Fiscal Year 2012 (October 1, 2011 through September 30, 2012). The Internal Revenue Service Data Book
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What is an Audit Representation?

Have you received a notice from the IRS stating your return has been selected for examination or audit? 

IRS audits should be taken seriously because they often lead to additional tax years being selected for examination and other tax deductions not originally stated in the audit letter.  IRS tax auditors are experts at evaluating nervous taxpayers and discovering things not covered in the initial audit notice. Having a tax professional on your side can significantly increase the odds of you getting a better outcome in your audit. Having a tax professional represent you before the IRS can be a great decision and can actually end up saving you money.

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