Are you being audited? A Mesa tax lawyer can explain your options

Understanding the types and purposes of tax audits

The purpose of a tax audit is to investigate a taxpayer to find tax discrepancies and to notify individuals and other entities of tax deficiencies, or underpayments of tax, caused by any proposed changes. The scope and form of a tax audit can vary from a letter (a correspondence tax audit) to a full inspection of personal records, business records, and bank statements (a field tax audit).

Regardless of the specific type, however, a tax audit can potentially open a taxpayer to additional liability when the auditor discovers additional discrepancies. The IRS generally has three years from the date you file your return or the date your return was due, whichever is later, to notify you of additional taxes they believe you owe. This is a stressful experience and could potentially expose you to significant financial liability.

A Mesa tax attorney can make a meaningful difference

Retaining a tax lawyer from our law firm should be your first step when you are notified you are being audited. An experienced tax attorney can help to limit the scope of the tax audit and challenge the determinations made by the ADOR or IRS. Moreover, if it is found that you owe additional taxes, a tax attorney can work with the collecting agency to help you create a payment plan or tax debt settlement that fits within your financial means.

Don't face a tax audit alone. Get an experienced and committed Mesa tax attorney from Brown & Jensen in your corner. Contact us today for a consultation.