An experienced IRS Enrolled Agent can explain your tax debt options, offer sound advice, help you navigate the complicated IRS landscape and negotiate the best outcome for you. Few know more about the IRS and resolving tax issues than Enrolled Agent Mike Vilardi. We will fight for you and help you resolve your IRS problems. Call Us Today For A Free Consultation

The Internal Revenue Service (IRS) explains that the income tax system in the United States depends on compliance by choice. It is a volunteer action; however, you need to volunteer by paying the required fees. Failure to submit your income tax return or lodging a fake return may result in a criminal tax prosecution at some point in time.

Revenue agents are the IRS’s primary detectives. These experienced specialists review tax forms, perform inspections, and guarantee that taxpayers correctly declare their income, deductions, and credits. Their function is critical in maintaining the tax system’s integrity and protecting the nation’s revenue.

Here’s why you should take the help of an experienced IRS agent–

• Primary Skill:

An IRS Revenue Agent’s daily activities are numerous. They examine tax returns to discover points of probable failure to comply, perform extensive testing, and conduct all inquiries as needed. Customer encounters can range from essential audits to more complicated investigations into corporations and high-net-worth individuals.

• Focus:

IRS Revenue agents concentrate on specific areas during audits, and taxpayers should be aware of potential triggers. Unreported income, suspicious deductions, disparities among recorded income and expenditures, and independent data are frequent focus areas. We  recognize these emphasis areas and allow you, as taxpayers, to address any difficulties ahead of time.

• Assistance Through Knowledge:

The IRS Revenue Agents do more than only enforce the law; they also educate taxpayers. They advise on tax legislation, offer information to improve compliance and help people and companies understand their responsibilities. The training component emphasizes the IRS’s devotion to cultivating an atmosphere of voluntary obedience.

The IRS performs audits and inspections to check tax returns for compliance. The procedure may include a thorough review of accounting records, evidence of support, and other relevant data.

The IRS employs sophisticated software to compare details from tax returns with data from additional sources. For example, if the income recorded on a tax return differs from that supplied by businesses, banking institutions, or other people, a thorough inquiry may be initiated.

The IRS urges anybody with expertise in tax evasion to report it using its whistleblowers scheme. Sources may be rewarded for giving reliable data that results in additional revenue collection.

Inadequate reporting of earnings can lead to further inquiry if there are discrepancies between stated income and data obtained from outside sources (e.g., businesses, competitors, or banking agencies).

Exceptionally high deductions or tax credits may draw the IRS’s notice. If these deductions or credits aren’t backed by adequate evidence or seem forged, they may be investigated.

Incompatible financial activity, such as significant fluctuations in earnings reported from year to year with no evident rationale, might raise red flags and encourage the IRS to look into it.