blog

Home / DeveloperSection / Blogs / Audit Representative Benefit The Tax Payers In Many Ways

Audit Representative Benefit The Tax Payers In Many Ways

J.M ROSE422 03-May-2019

Receiving an IRS Audit letter strikes fear in the hearts of people more than anything else. The IRS auditors are well trained in such a way that they are able to extract the more information’s from the people and most of the people have the fear and are ignorant about their rights. The IRS Audit Representation stands for the Internal Revenue Service and when people receive any notice from IRS, they get panicky and start gathering the previous year’s financial records and they get overwhelmed by the amount of documents they need to provide. The taxpayers fear an assessment of the more taxes and the potential penalties. 

When people have a legal professional or tax professional that stands on their behalf during the time of Income Tax audit is called as Tax Audit Representation. An IRS audit can be said as the formal review of the financial information which are used for the verification that the taxes are reported accurately. The audit representative can benefit the tax payers in many ways and the IRS representative can advocate the IRS on people’s behalf. They can settle the tax disputes in many ways such as they gather all the necessary information & documents, handle the required paperwork, protect the taxpayer rights, can also present an install agreement, also help in identifying that which portion of return is to be audited, can defend and appeal an audit. The California Tax Preparer must get their bond first then get register with the California Tax Education Council (CTEC) before they complete their tax courses and receive their completion certificate as long as they have their and get their bond before the submission of the registration. There is a comprehensive list of California tax courses on their official website. A California Tax Preparer Bond is also known as the CTEC bond. 


Leave Comment

Comments

Liked By