Have you ever been stopped at the grocery store exit, your cart filled with 50 items, only to have every single one scrutinized against your receipt by security? It’s hardly a welcoming experience, especially when you know you’ve done nothing wrong. Similarly, the prospect of an audit or dealing with a tax notice can be unsettling. In this article, we unravel the misconceptions around audits and shed light on the concerns taxpayers face.
To begin, it’s important to acknowledge that nobody enjoys unnecessary drains on resources, whether it’s time, capital, or attention. Just as the grocery store has the right to check your items, the IRS has the authority to conduct audits. However, it’s a stretch to label those wary of audits as tax cheats. Imagine suggesting that someone who resents a time-consuming security check must have something to hide – it’s absurd.
Taxpayers have every right to be concerned about escalated tax collection practices. Aggressive IRS tactics consume not only money but precious time and energy. It’s worth considering who benefits from these changes. The aftermath of a hailstorm benefits roofers, just as a financial asset crisis benefits lawyers and accountants. Unsurprisingly, a more assertive IRS may benefit some of the same “tax experts” who claim that “if you aren’t cheating, why worry?”
However, integrity-driven individuals recognize the toll this takes on families and businesses. At times like the pandemic, the goal is to aid survival. The satisfaction of assisting entities in relieving IRS pressure is undeniable, but it’s crucial to remember that the ultimate aim is flourishing, not enduring stress.
In conclusion, audits and IRS dealings aren’t a welcome prospect for anyone. The focus should be on helping families and businesses thrive, not on increasing stress. While challenges may arise, taking proactive measures and seeking expert guidance can make the process more manageable. Remember, your integrity and well-being are paramount.
Kelly Coughlin, CPA
CEO, EveryDayCPA.com
Founder,TaxRxCenter.org