Immediate Steps to Take If You’ve Misrepresented Your Business Tax Returns
If you think that you’ve been wrongfully misrepresented in your business tax filing, the first course of action that you need to take is to call the Internal Revenue Service (IRS) and inform them about this. Once you’ve done that, then you should follow up with a written letter informing them of the same thing.
Why write a letter when I just spoke to them on the phone?
When it comes to IRS tax matters, there is no such thing as being too redundant. The one thing you need to keep in mind is that the IRS is a huge government entity with hundreds of operators handling thousands of different tax cases. While they’ve all been properly trained to manage them well, it is possible that some information can slip through the cracks if and when cases are passed from one caseworker to next. That’s why when you’re dealing with a serious tax situation such as this it’s always best to follow up every conversation with an IRS with a Letter of Explanation.
The Responsibility is Yours
Being falsely misrepresented to the IRS is a serious matter that is in fact a federal violation.
Before you submit your annual tax filing, you are required to sign it. You’re signature confirms that everything that you’ve reported in that particular document is true, even if you hired a tax preparer to do it for you, he or she has to sign too. But in all, the entire responsibility lies with you. So if you believe that you’ve been misrepresented in your business tax returns, you need to convey that information to the IRS as soon as possible.
For Business Taxes, You Might Be Sharing the Responsibility
When it comes to business taxes, you need to disclose the information of all parties involved with the company as well. Business taxes usually involve multiple people. In order for the IRS to determine how you’ve been wrongfully misrepresented they need to audit your company and almost everyone involved in it. This is why you need to take the responsibility of following up with the IRS on a frequent basis.
Follow Up, Then Follow Up Some More
No one ever claimed the IRS to work fast! So when it comes to running audits—especially for businesses, it can last anywhere from a week, month, and even years. Assessing your case can be a methodical process when you’re dealing with financial matters and making sure that yours is not falling behind requires your constant attention.
We understand that this type of attention requires a considerable amount of time—time that a business owner such as yourself may not have! If you’ve been misrepresented in your business taxes, avoid the complication of adding more to your daily tasks. Hire a tax relief firm that has the experience and expertise to handle such financial situations as your business has.
Success Tax Relief has over 30 years of experience resolving tax cases like yours. Call us for a free consultation at 1-877-825-1179 or contact us through our online form today. You can also email us.