Getting audited can be a long, nerve-wracking, and difficult process for anyone. A tax resolution specialist is always on your side to help you get through the process, but did you know that there are ways that you can keep yourself from being flagged by the IRS? Here are some simple tips a tax resolution specialist will offer to keep you out of the sights of the IRS audit list.
First, make sure that you don’t leave any blanks in your tax forms. Missing signatures, social security numbers, and important documents will all put up red flags. Some people think that if they leave out information on their taxes it will delay the amount of time that they will have to pay the taxes owed. It is way better to deal with a tax resolution specialist to get extensions and tax breaks rather than succumb to an audit.
Second, your tax resolution specialist will tell you that income discrepancies can flag your taxes. If the income your report on your taxes is different than the income that your employers report for you, the chances will greatly increase that you will be audited. Your tax resolution specialist will always counsel everyone to check and recheck their information so that a small error won’t land a long, painful IRS audit.
Finally, when you claim the Earned Income Tax Credit (EITC) you may potentially be flagged. Any tax resolution specialist will tell you that the EITC can save you all kinds of money on your taxes, but it has to be figured correctly. For example, if you decide to file separately from your spouse, it may look like you are attempting to claim the credit two times. When filing for the EITC, you should always file jointly to avoid flagging your account.
If you are audited, it is always a good idea to seek counsel from your tax resolution specialist. He or she can serve as an advocate for you through the entire audit process.