Tax Audits LifeBack Tax

Tax Audits - LifeBack Tax

Federal or state tax authorities may choose to review a taxpayer's federal tax return by conducting a tax audit. During a federal tax audit, the IRS carefully investigates the business's or individual's reported income and deductions to ensure that all items have been listed correctly. The IRS also requests records from the taxpayer as supporting documentation to help verify the tax return's accuracy. At the end of the audit, if the auditors found any errors with the tax return, the taxpayer may choose to accept the auditors' changes, or file an appeal to dispute the audit findings. If the the taxpayer accepts the audit's findings, they are obligated to pay any underpaid tax liabilities identified by the audtiors.

Being selected for a tax audit does not necessarily guarantee that the IRS identified an error in your tax return. The IRS may select tax returns for audit at random, and/or based on a statistical comparison with similar tax returns. They may also select tax returns that involve transactions with another taxpayer whose return has been selected for auditing. Contrary to popular belief, the IRS does not choose to audit a tax return based on any sole factor, such as claiming a particular tax deduction or earning a certain amount of income. While individuals in higher tax brackets are more likely to be audited, any taxpayer may potentially be audited. Typically, the IRS audits tax returns from the last two to three years. State tax audits may be conducted similarly, though the exact procedures vary from state to state.

Because of the potential risks, many businesses and individual taxpayers dread being audited by the IRS. If the IRS finds issues with a tax return and concludes that the taxpayer underpaid in taxes, the taxpayer may face harsh penalties for understated income or overstated liabilities, as well as late penalties and interest on any unpaid taxes. Since tax returns are generally audited several years after they were filed, a tax audit may result in overwhelming tax debts for unsuspecting taxpayers. In extreme cases, the IRS may even press civil or criminal charges against the taxpayer for tax fraud.

We recommend holding onto financial records for at least six years in case the IRS selects you or your business for a tax audit. Should you find yourself facing back taxes as a result of a tax audit's findings, we at LifeBack Tax are here to assist. We will represent your interests before the government and ensure that your rights as a taxpayer are protected.

Fast and Easy 4 Step Tax Relief

Step 1

Tax Investigation determin your tax liability

Step 2

Retrieve all documentation from the IRS

Step 3

Calaculate tax liability and current ability to pay

Final Step - Execute offer in compromise get your Life Back

IRS Tax Resolution - Get your Life Back

The fast path to tax resolution can be yours and you can get back to your life. We have a 4 step process that's easy for you. Don't worry about the State or IRS we take care of everything for you. We collect your data, contact the tax agency for you. We handle all negotiations to the tax debt entity so you don't have too. Within 24 hours we stop the wage garnishment or levies so you can focus back on your life.

Get your life back today, move on, go out have some fun let us handle all your worries with your tax debt. Our trained professionals will get that tax settlement for you and you'll be happier for it. At LifeBack Tax our job is your complete satisfaction.

Start Now Settle Now

Why put off what you can do today. Some customers have been putting their tax debt off for years. There is no reason, you have rights. We understand that a bank levy, or wage garnishment can have a severe impact on your life. It can be quite devastating trying to pay all your bills and feed your family while you are being levied or garnished. LifeBack Tax stops all that within 24 hours. Get the IRS off your back today, you have rights and we will represent them and make this as fast and painless as possible for you.

What are you waiting for this is your one opportunity to act now and take your life back. Let the experts at LifeBack work for you and settle this for you once and for all.

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Certified by The American Society of Tax Problem Solvers
Certified by The American Society of Tax Problem Solvers
Certified by The American Society of Tax Problem Solvers

Member of California Society of Certified Public Accountants
Member of California Society of Certified Public Accountants
Member of California Society of Certified Public Accountants

Member of National Association of Enrolled Agents
Member of National Association of Enrolled Agents
Member of National Association of Enrolled Agents

Member of California Society of Enrolled Agents
Member of California Society of Enrolled Agents
Member of California Society of Enrolled Agents

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