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Apr 25, 2018

What should I do if the IRS is investigating me?

The IRS may inform you that they are investigating your tax returns at some point in your tax paying life. That is a troubling message to receive no matter what stage of life you are in. They don’t send these letters to be nice, they are just informing you of this so that you understand that you are under audit and that you have rights.

A lot of people freak out when they first get the message that the IRS is coming after them. It is understandable that some will hit the panic button when they first get this news. However, the better option is for them to contact a tax attorney who has been through this with other cases.

The IRS can investigate any taxpayer that they want. That doesn’t mean that those under investigation have to agree with everything that the IRS claims to find. They are still entitled to their rights, and among those rights is the right to defend themselves against whatever an IRS agent may say about their situation. A lot of people do not take the proper amount of time to actually put up a fight in these situations. Just realize that not battling for your rights as a taxpayer could cost you literally thousands of dollars.

An IRS audit for most people means additional penalties and fees on top of what they already owe to the IRS. However, those in extreme situations may even face some criminal payments along the way. That is something that no one ever wants to face. It is the worst nightmare of any taxpayer. To literally be locked up for failure to pay one’s taxes is one of the worst financial situations that anyone could ever be in.

All in all, it is best to remain calm during an audit and document everything. Remember that if it is not on paper then it is almost like it doesn’t exist. Always get a tax attorney as soon as possible both to give yourself some peace of mind but also to protect your rights. Additionally, try to find out as much about what the IRS is looking into in particular with your case. It might be hard for you to do much on that last count, but you have to try to defend your position as much as possible, and that does mean trying to do whatever you can to see what they have on you.

You are always going to need a lawyer in these situations no matter how you slice it. A lawyer will have had experiences that are very similar to what you are going through right now. They will know what to do in a variety of circumstances that could come up. Therefore, you might as well assume that you should go ahead and get one if you are already looking at the potential for the IRS investigating you or conducting an audit. It is better to get your mind back to the things in life that matter rather than worrying about what is happening with your audit.

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New York, NY 10005

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Queens

35-37 36th St,
Astoria, NY 11106

Phone

888-977-6335

Brooklyn

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14th Floor,
Brooklyn, NY 11201

Phone

888-977-6335