Tax Relief News: 1 in Every 75 Taxpayers Will Be Audited By the IRS
In plain terms, an IRS audit is to ensure that your tax return is filed correctly — that you’re not claiming too many unwarranted deductions, and that you’re paying what you really owe Uncle Sam. It all starts with a number that the IRS computer assigns to your tax return known as the DIF score.
The IRS is pretty hush-hush about how it’s calculated, but the higher your DIF score, the higher your chances are of getting audited. Consequently, one in every 75 taxpayers is audited. And when it comes to audits, the IRS wins 80 percent of the time. In the eyes of the IRS, you are guilty until proven innocent — which means the IRS can start an audit by disallowing every deduction you’ve made on your return until you prove each one is legitimate.
An incorrect assessment by an IRS auditor can end up costing you thousands of dollars, and taxpayers who seek professional tax attorney and tax resolution services have a better chance of successfully negotiating a tax settlement than those who try to deal with an IRS audit on their own.
Therefore, it’s important for taxpayers to know the options available to them for audit representation that can save them time, money and frustration. And as the nation’s leading tax resolution firm, we know first hand the importance of defending taxpayer rights in IRS audits.
Especially with the record $5.5 billion budget for IRS enforcement and hundreds of new IRS agents hired to crack down on back taxes and delinquent tax returns, I cannot emphasize enough how vital it is to also understand the process for resolving your IRS tax debt so that you have realistic expectations and know which tax resolution strategies you can benefit from.
You can also read more about How to Get IRS Tax Relief from Back Taxes or Unfiled Tax Returns.
At Tax Resolution Services, we’re highly skilled at audit representation. Our experienced team of tax attorneys, CPAs, and Certified Tax Resolution Specialists provides our clients with a wealth of insights into how to best handle their audits and limit their exposure. We have successfully resolved audits for both individual taxpayers to Fortune 50 companies. We will guide you through the process – and explain step by step what is needed and why. For more information or to receive a FREE tax relief consultation, visit www.TaxResolution.com or call (888) 699-7630.
More Tax Help, IRS News and Tax Relief Tips:
- Tax Help News: 13% of Americans Find Tax Evasion Acceptable as IRS Audits Increase
- IRS News: Feds May Withhold Tax Refunds to Enforce Health Insurance Mandate
- How to Get IRS Tax Relief from Back Taxes or Unfiled Tax Returns
- Nation’s Leading Tax Resolution Firm Defends Taxpayer Rights in IRS Audits
- Tax Help News: IRS Enforcement to Get Priority, Big Bucks in 2010
Tags: Back Taxes, delinquent tax returns, irs audit representation, IRS audits, IRS DIF score, tax attorneys, tax relief, tax resolution
