No one wants to find out that they’re being audited. However, if you find yourself in this situation, it’s important to remain calm and understand that you don’t have to go through it alone. You have the option of hiring an accountant to help you prepare. 

3 Reasons to Hire an Accountant for an Audit

1. Find Mistakes

Believe it or not, auditors make mistakes sometimes. The tax code is quite complicated, so an auditor without a lot of experience may report findings that aren’t true. If an accountant finds errors in your audit, they can reverse it by citing the tax code or providing further documentation.

2. Organize a Complicated Tax Return

If you are self-employed, own rental properties, or have a home office, you may have a more complicated tax return. For example, if you claimed your home office on your return, and the IRS doesn’t believe you use this space exclusively for business purposes, you could get audited. An accountant familiar with tax code can anticipate potential arguments so you can prepare proof of your honesty. This way, you can challenge arguments the IRS brings up about your return. 

3. Avoid Saying Too Much

If you are nervous about the audit, you might accidentally say more than you need to during your meeting with the IRS. An accountant can limit the conversation to matters in the audit notice and keep you from saying anything that can aggravate the situation.

If you are being audited, it’s in your best interest to talk to an accountant soon. The professionals at Cloyd & Associates PSC in London, KY, provide quality tax services for commercial and personal clients. They will work hard to tackle your unique situation through their expertise and resources. For more information, call them at (606) 864-8110, and visit their website to learn more about their tax and accounting services.