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4:19
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IRS Audit Process
Know the IRS audit process and know what to expect when being audited. There are three types of audits: Correspondence, office, and field audit. It is important to know that handling an audit on your own without representation is very dangerous.
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Did you know the IRS can audit any tax return? Optima CEO David King and Lead Tax Attorney Philip Hwang provide helpful tips on finding a credible tax preparer and what to do if you get audited. Got an IRS Notice? Get a FREE Risk Review with our Optima® TAX APP with Notice Analyzer. Apple: https://apple.co/3aX5d6b Google: https://bit.ly/2Zb9qh4 | Optima Tax Relief | Facebook
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The IRS hits everyday people with penalties they can’t afford… while the wealthy get those same fines wiped clean with one sentence most Americans have never heard of. 26 U.S. Code §6722 was written to punish late or incorrect tax forms — but there’s a hidden escape clause called the “reasonable cause exception.” Rich individuals, corporations, and their accountants use it to erase thousands in penalties instantly. No audit. No back and forth. Just gone. You file late — you pay. They file late —
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