An IRS tax return investigation is often the first step in determining the best approach to solve your IRS problems. Typically, such investigations are initiated when:
- You fail to report income to the IRS
- There are discrepancies in your tax return
- You claim a dependent who has already been claimed by someone else
- The deductions claimed exceed the qualified limit.
Even when you are facing IRS problems, requesting your own tax transcripts may raise a red flag with the IRS. Pairett CPA, PLLC has the ability to request our clients’ transcripts by other means without compromising your situation. Once you have your transcripts in hand, making sense of it all can be a huge burden to shoulder on your own. We go the extra mile to simplify the often confusing lingo in everyday tax reports so our clients understand the contents of those reports and how they affect their situation. We can tell how much the IRS knows about you and how much longer the IRS can come after you for past due liabilities. When we are finished, you will have more control over resolving your tax problems.
At the end of the day, the best way to avoid a tax investigation is to file your taxes on time and ensure to the best of your ability that there are no discrepancies. If you need help with any of the above issues, Call Pairett CPA, PLLC today at 940-498-7422.