Are you worried that you might be in line for an FTB audit? If so, you should start looking for legal assistance as soon as you can. There are many good accountants and tax professionals locally and online that you can hire. The important thing is to get someone in with experience of your size of company, your industry and managing with an FTB audit. This is something that you don’t want to put off, either; the threat of an FTB audit can be quite a serious one.
However, to get help with an FTB audit you need to make sure that you have specific information to provide along the way. You should make sure that you have clear access to your income tax records, and with supporting documentation to back up everything within there. An FTB audit is going to become impossible to solve without these details, so make sure before you go looking for help you have these details ready to go.
FTB Compliance Letters
Also, try and get together any genuine tax documentation that you can find. Correspondence from the FTB is important to be seen by the help that you go to hire in the form of an accountant. Why? Because, they need to see the kind of language being used and the specific nature of what is being asked. These will tell you exactly what they are looking for. You might not understand it yourself, but the tax professional that you turn to should be able to make sense of the information being handed to him.
Afterward, you should make sure that any future correspondence is sent to your accountant. They need to take a fuller look at what awaits, and make sure you are finding something that can be used to sort your problems out in future.
Power of Attorney
Another important aspect of getting help is making sure that your chosen and trusted professional can get access to the right kind of people. If you want the accountant to “do all the talking” then you should make sure to transfer the PoA over to them instead. This means that by using a Form 2848, you can make sure that someone else can speak on your behalf. If you want to take on all communications yourself then you obviously can but you will be best served with an accountant getting involved and managing the parlay for you.
Also, try and find information such as Employer Verification Letters, Employee Business Expenses and any Contributions. These details will be absolutely vital in proving your case in any kind of dispute or audit. If you want help in making this all come together then you should definitely look out financial aid in the form of a tax preparation specialist.
They can get involved to offer a simple but effective solution to the FTB challenges. You don’t have to take this kind of situation sitting down; with the right help and assistance, you can fight back and win!
