Audit and Audit Reconsideration
Have you been audited or the IRS changed your tax? Audit reconsideration can help
Taxpayers often have decent records to support deductions, but need organization in a cohesive manner understandable by the IRS. If the documentation is too confusing or lacks organization, the IRS may disallow valid deductions simply because they don’t understand. Tom Ryder has over fourteen years’ experience organizing complicated piles and boxes of documents into something presentable for the IRS.
Case study:
Taxpayer had been audited and submitted voluminous documentation to support his self-employment business deductions. However, the IRS ignored his documentation and assessed over $50,000 additional taxes over two years. The taxpayer didn’t hire Tom Ryder’s firm until after assessment, thereby missing an opportunity to fight the proposed assessment administratively and in Tax Court. Tom Ryder compiled the voluminous documentation into an easy to understand (but four inches thick) package of receipts and expenses. The IRS granted audit reconsideration and abated over 90% of the additional tax assessment. Since the taxpayer had been making payments for two years, he ended up getting a $10,000 refund.
The taxpayer could have saved himself the aggravation of wage garnishment and IRS installment agreement by obtaining Tom Ryder’s help earlier. The earlier the better since it affords taxpayers more opportunities for administrative appeals and Tax Court review.
Attorney Tom Ryder’s recommendation of Injured Spouse perhaps saved their marriage, or at least made it more pleasant, and definitely allowed the taxpayer to negotiate settlements with both the IRS and Illinois Department of Revenue.