Prepare when "The Revenue Department" invites you to meet
Prepare when "The Revenue Department" invites you to meet
Understand why the Revenue Department calls you to meet.
Being found out by the IRS isn't just about breaking the law. But there are many other reasons that the Revenue Department will find as well. The reason is as follows.
1) Business audit
When encountering tax issues The Revenue Department will inspect the business and will issue a summons letter. for more information
2) Apply for a tax refund
When an entrepreneur submits a request for a tax refund The Revenue Department will have to inspect the items submitted.
3) Analyze financial statements with tax forms
when analyzing financial statements The Revenue Department will look at the risks that occur in the financial statements, including income, loans to directors and cash.
And if called, what are the ways to deal with it?
1) You must first understand what the Revenue Department calls for. then summoned to do something, such as summoning, inspecting, witnessing, etc.
2) What evidence is required by the Revenue Department? You have to bring them all or prepare just in case. There will be no problem when the Revenue Department requests documents. But if that day the entrepreneur is busy, he can do a power of attorney, don't be afraid.
3) Prepare information and clarify with the Revenue Department, similar to the previous item. Various reports must be prepared to be used for explanation. Be prepared in case the Revenue Department asks for more information.
4) Should assign a person to clarify with the Revenue Department Recommended to be an accountant who is responsible for the issues called better. because it can answer questions on that issue, but if there is a legal issue involved should bring a company lawyer with them to clarify the legal issues
5) Contact the officials listed at the summons letter. Because getting a call-up letter is the IRS wanting a response from you. And if you go silent, the IRS will suspect you. Therefore, when receiving the letter, it should be contacted as addressed. because the name specified will be the operator of that matter But if you are busy that day, you can contact to postpone the date. Don't be afraid.
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