Kiplinger's has conducted a recent tax survey of corporate tax executives.  It found that nearly 60% of the participants reported an increase in IRS audit activity, and about a 1/3 increase in state audit activity.  There can be no doubt that these trends will continue, as news reveals more and more governmental budget shortfalls on both local and national levels.

If you are in the Oklahoma City or Tulsa area, and you find yourself the target of one of an IRS or Oklahoma Tax Commission audit, don't panic!  There are several different types of audits with varying levels of scrutiny and paperwork production.  You should call a local lawyer with experience in tax disputes and audits to assist you.  Make sure that any professional you hire has a working relationship with IRS auditors on a day-to-day basis.  

Often a tax lawyer can buy you more time to produce important documentation, and guide you through the pitfalls of the process.  Most auditors have marching orders to focus on just a few areas.  The auditors want to analyze those areas and move on.  Many taxpayers who go it alone run the risk of saying too much and opening up more tax years for the audit.  Call Travis Watkins at 405-607-1192 today if you have received notice that you are being audited.  We handle IRS and Oklahoma Tax Commission audits for many of our clients.
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