It can be nervewracking to receive any type of communication from the Internal Revenue Service. It is important to understand when a notice is simply a basic notification and whether you need to take advance action by hiring a Missouri tax lawyer. Even if you are being audited, there is no reason to panic, but it is in your best interest to take action sooner rather than later. The first thing you need to do after receiving an IRS letter is to determine what the IRS wants and whether or not this is accurate. You can be audited for any reason, and a letter from the IRS may be your first notice that there’s a problem.
Even if you believe that all of your information has been submitted correctly, you can still be audited. The letter or your tax preparer can help you identify the reason why the audit is occurring. Missing documentation may be one of the most common reasons. After you have read through the letter, you may determine that the auditor at the Internal Revenue Service is correct and that you may owe extra money. Sometimes this happens through none of your individual fault. If you agree with the assessment by the IRS, you can pay the additional tax and move on. However, if you disagree with the findings listed in the letter, you do have the right to submit documentation and an explanation why. When you try to resolve these issues on your own, there’s always a chance that the stakes get higher and that you’ll need to hire an experienced attorney anyways.
As these issues become extremely complicated, it is valuable to talk to an experienced tax law attorney in Missouri, who can help you determine the next steps that you need to take to protect yourself. Often it can be emotionally challenging to handle these issues on your own, but it can also be extremely confusing because you may have provided the information and continue to receive more versions of a letter from the IRS. Involving an experienced tax law attorney with advanced issues will help you increase your chances of success. But taking action sooner rather than later is strongly recommended. Providing that additional documentation to your tax lawyer is just one step that you can take to increase your chances of success.