IRS and State Consultation:
The Internal Revenue Service (IRS) is not a perfect institution and has made mistakes in the past for both business and individual taxpayers. They are not the only ones who can get things wrong. We all make mistakes when reporting information to the IRS.
All the information the IRS has on a taxpayer or a business has been reported to them by someone or some agency. There are times where financial information reported to the IRS by different agencies could be incorrect.
Here are a few examples:
- Income could be overstated by your employer
- Income was not reported to the IRS
- Money received reported as taxable that is not taxable.
- Retirement was reported as taxable and is not taxable.
- Unfiled tax year
- The IRS completed a substitute tax return
- Identity Fraud (someone is using your social security card to obtain income)
- Am I in compliance
These are just a few examples of what can go wrong and why it is critically important to have a consultation before you begin resolving any issue with the IRS. A consultation is the first stage in resolving your issue(s) with the IRS and it is recommended that you have a competent and knowledgeable professional who has the skill and patience to deal with the red tape that you may encounter in dealing with the IRS.