Tax Season Got You Worried? Times When You Might Need IRS Audit Assistance

No one ever wants to deal with the IRS, but sometimes life throws you a curveball, and you find yourself in need of some assistance. Whether you're dealing with an IRS lien or just need help understanding your tax forms, there are professionals who can help. 

This article discusses a few occasions when it might be helpful to seek out IRS auditing assistance. Read on for helpful tips and advice.

You're Dealing With an IRS Lien

A lien is the legal right of a creditor to take possession of property or assets until debts are paid. The IRS can put a lien against your property if you owe them money and don't pay it back. This makes it difficult for you to use any assets that are subject to the lien, like cars, houses, and other real estate assets.

If you find yourself in this situation, it's important to get IRS auditing assistance right away. A qualified professional can help you figure out how to manage the lien, negotiate a payment plan or other arrangement with the IRS, and work toward a successful solution. This can save you a lot of time and stress in the long run.

You Plan to File an Extension

It's easy to miss the deadline for filing your taxes each year, but you don't want to wait until it's too late. If you think you'll need more time to gather all the documents and forms necessary to complete your taxes, filing an extension is a great option. If you anticipate an audit, filing an extension is even more important.

However, even if you file an extension, certain deadlines must still be met. You'll sometimes get an extension of time to file, not an extension of time to pay. If you owe the IRS money, it's important to let them know that you're filing an extension and make a payment plan to pay the amount due.

To make sure everything is done correctly and on time, you'll need IRS auditing assistance to help guide you through the process. These experts can help you understand the different rules and regulations that apply to filing an extension and help you develop a payment plan that works best for your budget.

In addition, these professionals can help you determine if an audit is likely and work with you to make sure all the paperwork is in order before the IRS takes a look at it. This can be extremely useful if you're worried about the outcome of an audit.

Contact a local IRS auditing assistance service, such as The Acct & Tax Co, to learn more. 

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how a tax preparer could improve the outcome

Do you prepare your own taxes each year? Have you received letters months after you have filed your taxes and spent your return telling you that you have made an error and that you owe the IRS a check to cover the discrepancy? This is something that has happened to me four times in the past eight years. Because of small errors, I have had to come up with money that I had to pay back and it made things more difficult than you might think. Since the last time, I have been paying to have my taxes prepared professionally and it has actually helped a lot. Find out what a difference a professional tax preparer could make on your taxes this year here on my blog.