Audits are stressful, so it’s common to panic if a letter from the IRS shows up in the mail. Fortunately, the situation may not be as dire as it initially appears, especially if you have a good tax accountant to assist. Selph and Friday, CPA, an experienced accounting firm serving Texarkana shares some tips on what to do if you’re experiencing IRS problems.

Don’t Panic

While communications from the IRS might seem daunting, in most cases they just need a little extra information. For instance, you might have forgotten to report investment earnings or another type of income, or they might have questions about a particular deduction. Sometimes the IRS makes a mistake. Many taxpayers jump to the worst-case scenario first, but, usually, there’s no need to worry until you’ve spoken to a skilled tax professional.

Talk to a CPA

Selph and Friday, CPA has extensive experience helping taxpayers handling a wide variety of IRS problems and will be able to guide you through the process. First, they’ll examine the letter to make sure it’s not the result of some error at the IRS. If so, they’ll communicate with the government to get the issue resolved.

If the letter is correct, their team will evaluate the request and review your tax returns to determine exactly what triggered it. You might need to file an amended return, which could increase the tax bill a little, or you might need to send additional documentation. If the IRS does select your returns for an audit, their tax accountants will represent your interests, making the process as painless as possible.

Many accounting firms try to avoid complex IRS problems, but Selph and Friday, CPA, enjoy the challenge, and always provide the detailed tax advice you need. Each one of their clients enjoys the personalized attention of a skilled CPA who is dedicated to helping resolve your issues. To discuss your IRS problems and schedule an appointment, visit their website or give them a call at (903) 792-0281.