
As seasoned tax attorneys, one question that we hear often is, “Why do I have to provide the IRS with all this paperwork?” When it comes to dealing with the IRS, documentation is essential. This is because the burden of proof is on you, which means that you alone are responsible for providing documentation to support your claim and prove that you are entitled to whatever it is you are asking for.
To learn more about why proper documentation is critical to your case, click the link to watch the video below.
Since documentation is essential to your case, it is important to understand exactly what the IRS is looking for. Below is a list of documents that you need to keep an accurate record of throughout the tax year.
• List of assets
• Bank statements
• Business, travel and entertainment expenses
• Receipts for business meals and gifts
• Salaries or wages paid
• Employment taxes paid
• Proof of income
• Personal expenses
• Mortgage, utility and other living expenses
If you are missing certain records, there is no need to worry just yet. Sometimes, the IRS allows estimates and reconstructions to be used, so long as they’re accurate. A tax attorney can help you through the process as well, by defending your case or even, in the best of circumstances, preventing tax problems in the future. A tax attorney can help you maintain all of the necessary documentation and even ensure that there are copies. Without adequate documentation, the IRS will win.
Be sure that you arm yourself with the best possible defense—sound documentation and an experienced tax attorney! Call us today.
Ebbinghouse Law Group, LLC
320 N. Meridian Street
Suite 908
Indianapolis, IN 46204
317-635-4010
http://127.0.0.1:8085