What Is the IRS Employment Tax Audit Initiative?
The Internal Revenue Service currently investigates businesses and employers to ensure that they withhold the correct amount of taxes and pay what they owe to the government. This initiative is known as the Employment Tax Audit Initiative.
Businesses of all sizes are being targeted, and the IRS is looking for any revenue that may still need to be withheld or paid. To gather information, the IRS has been studying different types of businesses and learning more about their cash flow channels, compliance practices, and potential gaps and loopholes in their tax liabilities.
The IRS believes employers are underreporting and underpaying taxes by around $14 billion annually. In the IRS' view, businesses may owe more money to the government than they currently pay.
How Our Tax Lawyers Can Help Your Business Respond
The Wilson Firm has tax lawyers who can help your business face employment tax audit initiatives by the IRS. Our team will work hard to minimize any negative impact the audit may have on your business. The Wilson Firm’s experienced tax attorneys can help minimize any negative impact the IRS’ employment tax audit initiatives may have on your business.
Why Choose The Wilson Firm?
At The Wilson Firm, we provide personalized, strategic representation tailored to each client’s needs. Whether you’re facing a tax dispute, or seeking proactive tax planning, transactional guidance, or estate planning, our attorneys work closely with you to understand the facts, assess the risks, and pursue the most favorable resolution possible.
We manage the legal complexities so you can focus on moving forward. From communications with tax authorities and building strong legal strategies, to structuring business transactions and planning for your family’s future, we are committed to protecting your rights, your interests, and your peace of mind at every stage.
Our experience spans both defensive and proactive planning ensuring that you are prepared and positioned for long-term success.
Contact us today to learn how our experience, discretion, and dedication can help you navigate even the most challenging legal matters with clarity and confidence.
