There are few things Arizonans dread more than the news that they will be getting audited by the IRS. Even the most scrupulous of taxpayers can spend many sleepless nights wondering if they have categorized and documented their deductions and credits properly.
In this series of blogs, we will look at the ten basic steps you can take to minimize the chances of getting that scary audit letter in the mail.
#5: Keep Track of All Your 1099 Forms
For some, 1099 forms fall like rain around tax time. 1099 forms are used to report everything from interest income to gambling winnings. You don’t have to send these forms in to the IRS, because the entity sending you the 1099 will take care of that. But you do have to account for all of them on your return – and be ready to produce them if you are audited.
The IRS will match your reported 1099 earnings against the 1099s they receive – so be sure to carefully account for each and every one. If one of them is wrong for some reason, you can provide an explanation and adjustment on the return, but you need to report it first.
As always, if you’re confused about the rules, check with a qualified tax professional.
At The Zolman Law, PLLC, we understand that if you do run into tax problems with the IRS, it can be overwhelming.  Whether you owe back taxes, haven’t filed taxes for several years, or have received an audit or wage garnishment notice from the IRS, the attorneys at The Zolman Law, can help you or your business with these and any other federal and state tax problems.
We are a dedicated debt relief law firm. We help people from Phoenix, Mesa, Gilbert, Queen Creek, Chandler, Scottsdale, Apache Junction, Tempe and throughout Arizona work through tough tax problems or file for bankruptcy every day. We can help stop the debt cycle and give you relief from your overwhelming, burdensome, and crushing tax problems. Please don’t wait another moment. Call us right away – our attorneys will help get you the fresh start you deserve.