To begin with, you will need to gather some solid financial information, which should be a meticulous affair. You'll need to collect documentation for your tax returns in the year before and after the year being audited, in addition to that particular year's returns.
Why Use a Tax Attorney?
Now, any audit can be a very long, drawn-out affair, and there is all too much room for error. So, it is best to hire a tax attorney.
A good tax attorney's job responsibilities include helping people with their tax troubles, getting fines reduced, claiming tax rebates, and leading clients through the maze of rules regarding small-scale and self-employed business ventures. For small businesses in particular, a tax attorney can be as important as an accountant. The attorney will be able to foresee problems before they blow up into full-scale disasters, and he can also help a business owner streamline his business. A tax attorney is also helpful when setting up trust funds or investment portfolios.
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