Who Can Help Me Handle an IRS Tax Audit?

“I’m being audited by the IRS and I don’t know what to do,” Stan said. “To me, it seems like the IRS targets the small business owner.  I run a small general contracting firm, just me and two guys. There’s no bookkeeper, no accountant – I do all that stuff myself.”

“So maybe I made a mistake somewhere in the paperwork,” he continued. “How am I going to prove my side of the story? I don’t even know where all my records are. Do you know how easy it is to lose receipts?”

Small Business Owners: You Need Help Facing An IRS Audit

When you’re a small business owner, you tend to do a lot of things yourself.  Keeping costs down means you might handle all of your business’ financial paperwork on your own. However, if the IRS is auditing you, you don’t want to go it alone.

During an IRS audit, you may be asked to answer questions via mail or in person. It’s essential that your answers be honest and correct.  However, it’s also important to know that there are limits to the questions the IRS can ask you during the audit.  If you don’t know that you don’t have to answer a question, chances are you will – and that information can be used against you!

Protect your small business by getting the best audit representation available. Our firm specializes exclusively in resolving tax problems – it’s all we do, and it’s all we’ve done for more than 16 years. We’ve helped thousands of small business owners resolve their tax problems successfully. We know how to handle lost receipts, accounting errors, and the everyday mistakes that trigger an IRS audit. 

Don’t go it alone. Our firm can handle the IRS audit while you concentrate on running your business. You’ll save time, money, and a lot of stress when you get the best tax help.

The Emotional Impact of a Tax Audit: Are You Prepared?

“When I opened the mailbox and saw that envelope from the IRS sitting in there, I just burst into tears,” Anya, who lives in the Dorchester, MA area, said. “You just know it’s not going to be good news.”

It wasn’t good news at all. The IRS notice informed Anya that her previous year’s returns, which she’d filed jointly with her now ex-husband David, had been selected for an audit.

“I’m not an accountant. I never dealt with any of that.  David did our taxes on some free internet website.” Anya said. “Chances are he screwed things up, and now I’m going to be the one stuck paying for it. Which I can’t afford. Which is pretty much why he’s my ex-husband.”

IRS Audit Representation: Finding Tax Help in Massachusetts

Anya freely admitted to being afraid of the IRS. “I don’t want to talk to those people! I’m not good with numbers, and with my luck, I’ll say something that will make a bad situation even worse.”

Dealing with an IRS audit can be a very emotional experience. You may feel scared, anxious, and overwhelmed. A tax audit can spark feelings of doubt and insecurity within the marriage: do you know for certain that your partner was 100% honest and accurate on all the tax filings? Many people report feeling nervous and even paranoid when they are informed of a pending IRS audit. The pressure of knowing you’re going to be audited can cloud your ability to think.

That’s why it’s a good idea to get professional audit representation from a Massachusetts tax professional. You may never have to talk to the IRS directly. An IRS audit representative advocates on your behalf, defending your interests and advising you if special circumstances, such as innocent spouse relief, apply to your case.  It’s their job to get you the best deal possible.

The benefit of choosing a Massachusetts tax problem solving firm is that they’re not emotionally involved in your tax situation. This is their profession, which means they’re able to think objectively and analytically about the case in a way you yourself can’t. 

Why not benefit from that professionalism and get your IRS tax problem solved without all the stress? Call your Massachusetts tax expert today!

JK Harris Locks Doors

By David Slade, December 29, 2011, Post & Courier, Charleston SC

GOOSE CREEK — Bankrupt tax-preparation firm JK Harris suspended all operations late this afternoon and is bracing for a likely liquidation of the firm’s assets, according to founder and Chief Operating Officer John K. Harris.

As of the end of November, the company still employed about 135 people in Goose Creek. They were told late today that they would be locked out of the building at 5 p.m. and could return Friday to pack up their personal belongings.

The company was unable to secure additional funding after filing for Chapter 11 bankruptcy protection in October, and will ask the court to convert the case to a Chapter 7, Harris said, which means that instead of restructuring, the company could be shut down and its assets sold.

“This is truly the most devastating event I have been forced to deal with in my 58 years on this earth,” Harris said in an email to employees. “I am not sure it will reach that level for all of you, but I know that for some of you it will be as personally devastating for you as it is for me.”

JK Harris & Co. once advertised that it could resolve people’s tax debts for “pennies on the dollar,” but the nationwide company was dogged by cash-flow problems and the cost of large settlements related to multiple claims that it misled consumers

The company sought bankruptcy protection in October to head off an attempt by the Texas attorney general’s office, related to consumer claims, to force the company into receivership. Harris, in emails to employees, vendors and clients, blamed today’s shutdown on the refusal of the company’s largest creditor, RAI Credit of New Jersey, to provide additional financing.

Employees who were previously laid off are among the creditors owed wages. Money is also owed to vendors, and to consumers who were to get millions of dollars in compensation from previously agreed-upon settlements, from a class-action suit and from complaints by multiple attorneys general.