What do I do if I’m facing an audit?

First, consult with a tax attorney to review your return and potential exposure. It is important to first consult with a tax attorney because ONLY with an attorney do you have attorney client privilege. Anyone else you speak to can be compelled to give evidence against you. Once you determine your potential exposure and develop a strategic plan to resolve the tax audit. Further, seeking professional help from a tax attorney will ease your stress knowing that your tax audit will be handled correctly and minimize your risk for tax bills, tax penalties, and tax investigation.

Moskowitz LLP realizes no taxpayer wants to be on the receiving end of an IRS tax audit. Statistics have shown that higher-income individuals are more prone to being audited by the IRS because of the complexity of their returns and likely additional tax penalties and interest to be assessed.