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Home > Services > Tax > Tax Controversy
Tax Controversy Services
Federal and State Regulators Continue to Increase Audit Rates
If your annual income is approaching or more than $1 million, chances are you eventually will be audited. Audit rates increased at least 29 percent for high income individuals and 17 percent for small businesses in 2007, and these rates will continue to increase in the foreseeable future. In addition, fast-growing, middle-market companies incur substantial audit risk if record keeping has not kept pace with accelerated growth.
Solutions Beyond the Basics
Virchow Krause provides tax controversy services that address your audit concerns, and gain resolution to issues. Our professionals possess deep knowledge gained from years of experience working with the IRS and dealing with complex tax law. Your company will benefit from our background in IRS litigation — complete familiarity with all aspects of IRS procedures, the full range of resolution options, the know-how to help you optimize planning and compliance, and the ability to negotiate missed elections, errors, and other account issues.
Advantages for You
Our professionals will assist you with:
- Your initial response to an audit letter that is specific and includes the appropriate documentation.
- Representation for exams and appeals.
- Alternative dispute resolution, including arbitration, mediation, Pre-Filing Agreements, and Fast-Track Settlement.
- Penalty abatement/mitigation and amended returns/claims for refunds.
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