Are you going to be audited by the IRS or your state’s tax agency? This is undoubtedly a stressful event for most Americans. And you have two choices for handling the matter. You can try to go it alone with the IRS or you can hire a tax professional for assistance. When should you avoid the DIY route and work with a trained tax attorney instead? Here are 5 clear indicators.
1. The Audit Is In Person
The IRS audits taxpayers in several different ways. The least stressful is a mail audit, which is conducted entirely through correspondence. However, both office audits and field audits involve meeting directly with the assigned agent. This can be intimidating for many people. You may not know how to answer questions, how to explain items on your tax return, or how to present your case. (more…)