Estimates: We have noticed that the large majority of notices and correspondence from the IRS and other taxing authorities is due to misreported tax payments.Therefore, going forward our new office policy will require proof of all payments paid including dates and amounts to avoid inaccurate reporting.
What is the Audit Correspondence Plan? As federal and state budget deficits balloon out of control, the IRS and other taxing authorities are working of harder to chase every tax dollar. Your odds of getting audited or receiving other unwelcome correspondence is climbing every year. We handle many these notices and have found that the IRS computers are often inaccurate. However, the IRS assumes their conclusions are correct unless you prove otherwise. Responding to simple written notices can be expensive and time-consuming, and responding to an actual audit can mean real financial disruption. Here atAlfano & Company we've created our Audit Correspondence Plan to help shield you from those unexpected costs. For an additional fee of 20% of your regular tax return preparation fee (minimum of $200) we handle all written correspondence related to notices received from federal or state taxing authorities related to this year's tax return. Please note that this is an annual service and covers only your 2021 Federal and State tax returns. Should you need further representation, in person or over the phone, you will incur additional fees from our office.