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Highly successful businesspeople, top-notch corporate executives and wealthy individuals don’t take chances with their tax returns. That’s why they regularly hire the best NYC tax accountants to prepare their taxes. Sometimes, that’s not enough. If you’re worried about your taxes, hire a professional, third-party accountant to do a tax audit.
In 2015, the IRS audited only one percent of returns from people earning less than $200K. If you earned $1 million or more, the rate of IRS audits increased to more than 12 percent. Also, the more income streams you have, the more difficult it may be to be certain that you report all your earned income. These are just several of the IRS audit triggers.
TAX AUDIT HELP
Tax problems in the world of high finance are not rare occurrences especially in New York City; in fact, they happen all too often. You need to arm yourself with a dependable tax team that has experience dealing with complicated tax returns and six-digit incomes. You need the expertise of a personal accountant who looks beyond the numbers on the page to find ways to make your money work for you, not against you — not just during tax season, but all year long.
In addition to hiring the best tax accountants in NYC, you can take other steps to ensure your tax returns remain problem-free:
Seek tax planning advice, which gets you thinking about your taxes throughout the year.
Keep your finances straight with small business accounting services from a seasoned pro.
Make sure you’ve filed all returns and paid your back taxes.
Commission a tax audit to examine your tax return before it’s filed with the IRS.
Read more at https://www.cpafirmnyc.com/tax-audit