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News

IRS Small Business Audits in Boston

Asset Forfeitures / IRS Audits

Posted on June 7, 2019 |

IRS Appears to Increase Number of Small Business Audits in Boston and Throughout Massachusetts

 The Internal Revenue Service (“IRS”) appears to be increasing the number of IRS small business audits they are issuing, which has had an effect on businesses in Boston and throughout Massachusetts. According to their website, the IRS audited almost one million taxpayer’s 2017 tax return. In addition, the IRS appears to be becoming stricter in their review of small businesses and their finances. What triggers an IRS small business audit? The IRS will issue an IRS small business audit for a multitude of reasons, not just when they are suspicious of a small business’s their tax returns or financial activity. This means that even companies with nothing to hide could be at risk for an IRS small business audit. Even if a crime has not been committed, an IRS Small business audit can be a traumatic experience for those who do not seek the proper guidance. If you want to avoid the devastating consequences an IRS small business audit can have, you need to hire the proper Boston tax lawyer to guide you and your business through it. Thorn Law Group can help.

 THORN LAW GROUP CAN HELP YOU WITH YOUR IRS SMALL BUSINESS AUDIT IN BOSTON

 The Boston tax lawyers at Thorn Law Group are equipped to assist you and your business with your IRS small business audit. Managing Partner and former IRS attorney, Kevin E. Thorn, has helped thousands of clients with their complicated small business audits. He has argued for clients before the Internal Revenue Service, US Tax Courts, and IRS Appeals.  With a combined experience of over 40 years with IRS audits, you can be sure that Thorn Law Group will be able to help resolve your IRS small business audit. To discuss your specific IRS small business audit situation, call Mr. Thorn directly at 617-692-2989 or read more about him and Thorn Law Group on boston-tax-lawyer.com. You can also arrange an appointment at our office in the Financial District to discuss your case in person. An IRS small business audit is very urgent and can have serious, immediate implications for you and your business. If your Massachusetts small business is currently under an IRS small business audit, do not hesitate to start moving towards a resolution! With any IRS small business audit, the stakes are high. You could be at risk for high monetary penalties, interest, and/or an IRS invasive investigation or possibly even a criminal investigation. 

YOU NEED A BOSTON TAX LAWYER TO HANDLE YOUR IRS SMALL BUSINESS AUDIT, NOT A CPA

Hiring a CPA to handle your IRS small business audit rather than a Boston tax attorney is a dangerous move. Accountants do not have attorney-client privilege with their clients. This means, your sensitive financial information is not safe with them. Protection is not guaranteed when providing these professionals with your small business’ tax and financial information. An accountant that you trust could possibly end up being a witness against you in a court of law, providing the government with documents that could lead to your prosecution and/or the demise of your small business. In other words, your trusted CPA could be used help incarcerate you, and there would be no legal protection in place to stop it! With an experienced Boston tax lawyer, like Kevin E. Thorn of Thorn Law Group, you can feel secure in that the details of your IRS small business audit will be kept confidential and safe. You can also feel at ease that a Boston tax lawyer with the power to defend you and your rights before the IRS will be fighting for you and your small business.

EVERY IRS SMALL BUSINESS AUDIT CAN HAVE SERIOUS IMPLICATIONS!

 An IRS small business audit should never be taken lightly. If the wrong team of Boston tax lawyers is put on the case, the effects can be devastating for you and your Massachusetts small business. An IRS small business audit handled incorrectly could result in:

  • Crippling penalties and interest
  • Lengthy criminal investigation
  • Years of intrusive research into both your small business and personal finances
  • Emotional burden
  • Ever-growing accounting fees
  • Expensive disruptions of business processes
  • And, in some cases, even jail time.

Mr. Thorn understands the severe consequences an IRS Small business audit can have and will work tirelessly to help you and your small business avoid all of them. of Mr. Thorn has assisted in saving small businesses in Boston and throughout Massachusetts millions of dollars and years’ worth of time. Mr. Thorn’s work has allowed Massachusetts small business owners to stop stressing about their small business audit and continue focusing on building their businesses.

 WHAT DOES A SMALL BUSINESS AUDIT ACTUALLY ENTAIL?

Usually, in Boston as well as other cities and towns within Massachusetts, those selected for an IRS small business audit are notified via letter. After the IRS’ initial contact, the audit is typically conducted via the mail or through in-person interviews. On some occasions, the IRS may even just show up unannounced at your small business or even your family home.

A common question we have received from our clients in Boston and throughout Massachusetts is what triggers an IRS small business audit? According to the IRS, businesses selected for an IRS small business audit are chosen due to a statistical formula that compares small businesses’ financial reporting numbers. More specifically, irregularities could trigger the audit for any Massachusetts business. There is also a small percentage of small businesses that are selected at random for an IRS small business audit.

As a small business owner, you have rights that you need a Boston tax lawyer to protect. Without being informed of these rights, you can make serious mistakes when trying to handle the IRS small business audit on your own or when communicating with the IRS without a Boston tax lawyer by your side. This is why it is crucial that you have one of the state’s most experienced Boston tax lawyers, Kevin E. Thorn, fighting for you to protect you and your business from being put into a compromising situation by the IRS. With any IRS small business audit, there is a lot at stake. The more time that goes by without a Boston tax lawyer defending you, the higher the stakes become, including fees, penalties, interest, and stress.

 YOU NEED A BOSTON TAX FIRM WITH 40+ YEARS OF EXPERIENCE FIGHTING FOR YOU!

If you have a small business that is being audited by the IRS, you need an experienced Boston tax lawyer. The Managing Partner of Thorn Law Group, Kevin E. Thorn, has helped thousands of clients with complicated tax problems. He has saved his clients millions of dollars. With the help of his team of Boston tax lawyers, he can assist you directly with your IRS small business audit. Call our office today at 617-692-2989 or visit our website boston-tax-lawyer.com to learn more.


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