Turn audits into answers with our expertise
Tax audits are an integral part of the tax system, designed to ensure that taxpayers comply with tax laws and accurately report their financial information. While receiving an audit notice can be intimidating, it is a routine procedure that many individuals and businesses encounter. At Crescent Tax, we specialize in guiding our clients through the audit process, providing support and expertise to ensure the best possible outcome.
A tax audit is an examination of your financial records and tax returns by the tax authorities to verify the accuracy of the information you’ve provided. The audit may be conducted through correspondence (mail) or as an in-person review of your financial records, depending on the complexity of your tax situation. The goal is to ensure that all income, deductions, and credits are reported correctly.
If required, attend an audit interview where the auditor may ask for additional information or clarification.
Gather all necessary documents, including tax returns, receipts, and financial records.
The auditor examines your records to verify the information provided on your tax returns.
Crescent Tax offers comprehensive tax audit services designed to protect your interests and ensure a smooth audit process. Our services include:
You can have a qualified tax professional represent you.
The audit must be conducted fairly and respectfully, with no
unnecessary intrusion into your personal affairs.
You can appeal any decisions made during the audit if you
disagree with the findings.
You are entitled to understand the reason for the audit and
what is being questioned.
Audit notifications are sent when the IRS or state tax authority identifies discrepancies or flags certain items on your tax return. The notification will specify the type of audit (correspondence or in-person), the items under review, and any documents you need to provide. It’s crucial to respond promptly and accurately to avoid further complications.
Contact Crescent Tax immediately for guidance and representation.
The duration varies depending on the complexity of the audit; it can take
several weeks to months.
Yes, you have the right to appeal if you disagree with the audit findings.
While audits are relatively rare, certain factors like high income or large
deductions can increase the likelihood.
We offer full representation, from preparing documents to negotiating
outcomes, ensuring your rights are protected.
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