There is no worse feeling in the world than when you receive a summons for a tax fraud audit or a tax return audit. If such a thing happens to you, be very careful about your next moves. The first action should be to do proper research on a tax attorney, so you can discuss the IRS audit flags and more.
If you contact an lawyer, you will have attorney-client exclusive rights, which are essential if there is ever even the slightest possibility that wrong doing has been involved. The confidentiality clause does not necessarily apply to other finance professional people.
In order to avoid any possibility of an audit, it is important to find a responsible accountant or certified professional accountant to help you properly file your taxes and apply for appropriate write offs. The accountant will be able to work with you and help you realize what all your taxes are going towards and how much you owe.
If you are defending a large firm or company or even a small business, it is best to hire a CPA, rather than an accountant. The CPA will have the extra education that is necessary to handle an array of financial situations. The accountant did not necessarily receive the right training to file taxes for a large corporation like the CPA did.
In fact, the CPA exam is very rigorous and many accountants decide not to try for the CPA status because of how much time and push it demands. Studying for the CPA exam often starts about nine months ahead of time and can even start as much as a year ahead of time. The exam is taken in multiple sections and even includes a section on information technology, in order to ensure that CPA’s know how to browse through digital data and information.
