Guiding You Through The Legal Process
View Our Practice Areas

Avoiding or preparing for audits

For Georgia businesses, a tax audit can be a difficult experience. However, there are some ways that a company might try to avoid attracting undue attention from tax authorities.

For example, if the company is doing its own taxes, it might be beneficial to use computer processes to double-check the accuracy of the document. Certain tax preparation programs offer internal checks that may help avoid errors in calculation. In some cases, these programs might offer the added benefit of finding additional deductions. In addition, it may be important to avoid certain documents that might attract addition attention from auditors. Using forms such as the Schedule C, Profit document might cause auditors to conduct additional reviews. It may also be helpful to attach proof to any larger deductions the business claims. For example, a business that is writing off damages and repairs from a natural disaster might include insurance documentation, photos and receipts regarding repairs with the tax report.

Despite those actions, an audit may still occur. Under these circumstances, a business might be able to take a few steps to make the proceeding go more smoothly. For example, it may be important to be ready and take the necessary time to gather the documentation that the auditor might need. However, it is also important not to be over enthusiastic about making the process easier. Businesses should not provide any extra information that was not requested by the auditor.

While these tips may help, an audit can still be complicated by a number of factors. Businesses that may be faced with an audit might benefit from discussing their situation with a lawyer who is familiar with tax law.

Source: Findlaw, "What to Do if the IRS Audits You", November 19, 2014

No Comments

Leave a comment
Comment Information
EMAIL US FOR A RESPONSE

Contact Us Today

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Office

100 Galleria Parkway SE
Suite #480
Atlanta, Georgia 30339

Toll Free: 800-765-2779
Phone: 404-841-6561
Map & Directions

600 University Park Place
Suite 100
Birmingham, AL 35209

Phone: 205-401-1229
Map & Directions