Tax Audits

Facing a tax audit from the IRS or the North Carolina Department of Revenue (NCDOR) can be a daunting and stressful experience for both individuals and businesses.

At Murray Moyer, we provide tax audit representation, guiding our clients through the audit process with confidence and clarity. Our experienced tax attorneys are equipped to handle audits before both the IRS and NCDOR, ensuring the best possible outcome for your situation.

Understanding Tax Audits

A tax audit is a thorough examination of a taxpayer’s return by the IRS or NCDOR to verify the accuracy of tax liability. This process can involve a review of books, papers, records, and other data relevant to assessing the correct tax due.

The legal requirement to maintain adequate records is crucial for substantiating your tax return’s accuracy. Should you face an audit without proper records, our team at Murray Moyer is ready to explore alternative methods to validate your return’s items.

Types of IRS Tax Audits

Tax audits can be conducted in several ways, depending on the complexity of the return and the issues identified by the IRS:

  1. Correspondence Audits: These are generally straightforward and conducted by mail, focusing on simple verification of information.
  2. Office Audits: Conducted at an IRS office, these involve a more detailed examination by an auditor, who will request specific documentation to support your return.
  3. Field Audits: Reserved for more complex cases, field audits occur at the taxpayer’s place of business or home and involve a comprehensive review of financial records.

Strategies for Successful Tax Audit Resolution

Preparation is Key

The cornerstone of a successful audit resolution is thorough preparation. Maintaining detailed records from the start of the tax year is crucial. This includes documentation for all transactions, which can substantiate the items under audit. Our approach at Murray Moyer emphasizes:

  • Clear and Concise Documentation: Ensuring that all information under scrutiny is well-documented and easily understandable.
  • Proactive Cooperation: Engaging cooperatively with the IRS or NCDOR can prevent misunderstandings and facilitate a smoother audit process.

How Murray Moyer Can Assist

Our services extend beyond mere representation; we offer comprehensive audit assistance, including:

  • Audit Defense: Leveraging our deep understanding of tax laws to defend your position effectively.
  • Negotiation and Settlement: Working to negotiate settlements or adjustments that accurately reflect your financial situation and tax obligations.
  • Post-Audit Compliance: Advising on strategies to ensure compliance and prevent future audits.

Choose Murray Moyer for Your Tax Audit Representation

With Murray Moyer, you gain a partner with extensive experience in resolving tax audits before the IRS and NCDOR. Our dedicated team of tax attorneys is committed to providing personalized, effective representation to navigate the audit process successfully. We understand the intricacies of tax laws and audit procedures, ensuring that your rights are protected throughout the audit.

If you or your business is facing a tax audit, don’t navigate this complex process alone. Contact the experienced tax lawyers at Murray Moyer today to discuss your options and how we can assist in achieving a favorable resolution to your tax audit.