In this video, I share how I saved a new client over $8000 dollars from an IRS audit notice, formally known as a CP2000 deficiency letter.
These IRS audit notices can be intimidating. I’ll show you how to analyze the IRS CP2000 audit letter, see if what the IRS is proposing is correct, and then how to respond accordingly.
Later in the video, I’ll share a tip on how you can avoid costly mistakes on your self prepared tax returns.
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Do you have questions about the IRS Letter Audit Warning? I’m an Illinois licensed, Registered Certified Public Accountant with over 25 years of experience. I’m dedicated to providing outstanding tax and accounting services to individuals and small businesses in the Chicago area.
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Disclaimer: Any accounting, business or tax advice contained in this article, is not intended as a thorough, in-depth analysis of specific issues, nor a substitute for a formal opinion, nor is it sufficient to avoid tax-related penalties. If desired, I would be pleased to perform the requisite research and provide you with a detailed written analysis. Such an engagement may be the subject of a separate engagement letter that would define the scope and limits of the desired consultation services.