Audit Representation
Audit Representation
Jax Tax Pro - There When You Need Help with and IRS Audit
Stephen Smith, the Jax Tax Pro, is a true professional when it comes to everything taxation. An enrolled agent, he holds a certification from the U.S. Department of Treasury allowing him to represent individuals, businesses and entities before the Internal Revenue Service.
What this means for the unlucky 1% of the population chosen to be audited is that there is a professional available to help them when they need it most. It is never advised to represent yourself in the case of an audit. The knowledge and skills of the IRS representative can easily intimidate most people, putting them at a disadvantage.
Jax Tax Pro can confidently represent you and your interests in any audit.
Less Stress, Better Results
Today, more than 75% of IRS audits are correspondence audits, while the remaining less than one quarter are face-to face audits. No matter which type of audit you face, an enrolled agent can smooth the way and save you money and penalties. The reality is that over 80% of audited returns will end in change. Having a professional on your side can mitigate the damage.
If you happen to draw the audit card, Jax Tax Pro is ready to assist. With over 17 years of experience representing others in IRS audits, you can be confident that Jax Tax Pro will provide you with exceptional service.
Offer in Compromise
Simply put, the Offer in Compromise is an agreement between the IRS and the taxpayer to discharge the debt in exchange for a lower percentage of the actual amount owed. Not everyone is aware that the IRS has negotiating power in select financial situations to offer a compromise that will allow the taxpayer to clear the tax liability. If the amount owed is unreasonable or unlikely to ever be paid in full, the IRS can make an Offer in Compromise for an amount that is realistic.
It is a useful tool that allows taxpayers to find some relief and be motivated to remain compliant with their taxes in the future. The IRS often collects more this way than it would through extended repayment periods and waiting. This little-known tax tool is one that is used more commonly than you would expect. Reports from 2007 indicate that repayments from Offer in Compromise result in the IRS receiving 17 cents on the dollar for taxes owed compared to 13 cents on the dollar for 2 year old tax liabilities and almost nothing for tax liabilities passing 3 years.
JaxTaxPro can guide you through the Offer in Compromise system. While deceiving simple in concept, it actually can take from 6 months to 2 years to complete, due to its complexity. A tax professional on your side can help you enjoy the benefits of this program.
When you have issues big or small with the IRS, having competent, professional representation is of the utmost importance. Give us a call today to have us help you with your IRS representation headaches.