Facing a payroll tax audit can be nerve-wracking. Especially if you have never dealt with something like this before. Fortunately, your Rolling Meadows Payroll Tax lawyer can help, but there are also things you can do before the actual audit that can make the process easier. Is your company facing a payroll tax audit? Here are four steps to help you prepare.
Understand the Extent of the Audit
Some audits are simple and only require you to submit some additional information. Others may be the result of a red flag, and they will send an agent to see you in person. Know which one you face.
Organize Your Financial Records
Secure all relevant records and documents as soon as you get a letter from the IRS. The more information you gather, the better.
Do Not Ignore IRS Requests
Ignoring their correspondence won’t make it go away. Failure to comply with their requests can lead to serious trouble. It could also eliminate some of your options for settling the issue.
Get Help
Your best way to prepare is to get a payroll tax lawyer’s help. IRS audits can be complicated. You need someone on your side that understands the language and can negotiate for you.
Is your company facing a payroll tax audit? Here are four steps to help You prepare. Once you have done all four, you and your Rolling Meadows payroll tax lawyer will be ready for anything.
Visit North Suburban Legal Services LLC to learn more.
