The Peck Group, LC
  • Comprehensive Tax Law Representation Since 1995

    We handle every aspect of tax law: preparing tax returns, representing clients during audits, resolving IRS and state tax controversies, and creating tax planning strategies for the future.

  • Problems With The IRS Or State Tax

    Our attorneys are committed to providing efficient and effective tax solutions for individuals and businesses in Georgia and nationwide.

  • Planning For The Future

    Our lawyers help individuals and businesses with all aspects of estate and tax planning. We help our clients use proactive strategies to minimize tax implications in the future

  • Changing The Balance Of Power

    Does it feel like the government has all the power? Taxpayers have rights, too. We use our knowledge of tax law to shift the balance of power and ensure that your rights are protected.

  • Tax Solutions … And Peace Of Mind

What's the big deal with audits?

Tax audits have been making headlines in recent week in light of the presidential debates. For instance, people have been discussing candidate Donald Trump's explanation that he cannot release his tax returns because he is currently being audited. This has led to people talking about audits and what they mean, even now when people are generally not thinking about their own tax returns.

Discussing the topic of audits usually brings a groan or anxious sigh from people. They know that audits can be unpleasant, but some don't understand what this process actually is, why it is preferable to avoid one and what an audit can tell us. In this post, we will discuss some of these basic details of an audit.

To begin with, an audit occurs when the IRS examines your tax returns. It will look over deductions, payments, charitable donations, tax documentation and all other financial statements to ensure a person's -- or a business' -- tax returns are accurate and thorough.

There are many reasons why people generally try to avoid audits. Not only can it be intimidating to have your records pored over by the government, it can also be incredibly stressful to anticipate and respond to potential errors or oversights that might be identified. 

Further, people can be afraid of what might be found when the IRS goes through a return more closely. An audit can reveal evidence of fraud, embellished or minimized accounting as well as any unfavorable tax avoidance practices that may give people pause, especially if a person is the head of a company or in the public eye.

Hopefully, these very brief and basic explanations about audits can help you recognize why audits can be so stressful and why it is generally best to have some legal guidance should you learn that you are being audited. If you have more specific questions or concerns about IRS audits, you can consult an experienced tax law attorney.

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The Peck Group, LC
5855 Sandy Springs Circle N.E., Suite 190
Atlanta, GA 30328

Phone: 770-884-6914
Fax: 770-933-2369
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