PREPARING CLIENT FOR STATE TAX AUDIT ✅ BUSINESS ✅ SERVICES

Lawyer's actions:

Review of tax audit notice (IRS Notice).
Initial client consultation.
Determination of audit type (correspondence, field, repeat, etc.)
Establishment of audit period and scope.
Collection of basic company/individual information.
Identification of potential risks and vulnerabilities.

Lawyer's actions:

Verification of financial reports, receipts, contracts, payment orders, W-2, 1099, K-1 forms, etc.
Preparation/recovery of missing documents (if needed, in cooperation with accountant).
Creating logical structure for information submission to auditors.
Preparation of explanations for specific transactions (e.g., atypical expenses).
Creation of audit checklist.

Lawyer's actions:

Coordination with client's internal or external accountants.
Preparation of written responses to potential IRS Information Document Requests (IDRs).
Formulation of legally sound explanations for controversial or unclear transactions.
Analysis of potential audit scenarios.

Prepare for tax audit

A tax audit in the United State presents substantial difficulties for services of any dimension. Business run the risk of not just punitive damages however also reputational damage. That’s why prepared for regulatory scrutiny correctly and in full compliance with the law. Many business owners wonder who prepares audited financial statements, the answer depends on the company’s structure and the need for independent verification - we help decide on this already at the first consultation!

How to prepare for a financial audit?

Our law firm provides full-scope support covering:

Initial consultation: explanation of how long does it take to audit financial statements, what documents need to be prepared and other nuances.
Carrying out interior audits of financial and tax reporting.
Identifying threats and lawful offenses, this is why audited financial statements are important.
Preparing documents frequently asked for by the IRS, considering prepared financial statements example.
Client coaching for audit interactions.
IRS communications (letters, explanations, requests).
Legal representation in disputes with tax obligation authorities.

Each of these steps contributes to a clear understanding of how to prepare audited financial statements which is vital to building institutional trust.

Why engage a lawyer before an tax audit?

It is not enough to understand why audit financial statements, you need to provide yourself with support and qualified assistance. A tax attorney helps:

Prevent administrative penalties and financial losses.
Properly prepare and organize documentation.
Identify vulnerabilities prior to the auditor does.
Ensure IRS interactions.
Avoid allegations of revenue cover-up or misreporting.

Thus, the one who audits financial statements protects the image and reliability of your company.

Who needs preparation for a tax audit?

Our audit preparation services are available for:

Individuals with U.S. income.
Business entities: LLCs, corporations, partnerships.
Recipients of IRS audit notices.
High-volume or international businesses.
Startups preparing for investments or M&A.

For each of these structures, there comes a time when audited financial statements are presented in a document, so it is better not to delay with legal assistance.

Conclusion

Properly preparing for a financial audit inspire investor trust, accelerate growth, and minimize legal risks. Our lawyers will answer all questions: who prepares a company's financial statements, when the audit should be ready, what are its risks, etc. Contact us today to safeguard your interests and streamline the audit process!

Reviews
From Real Users

Yulia D.

20.05.2025

A good team and result, but there was a little confusion with the deadlines for submitting documents to the IRS. But everything was resolved quickly.

Ada R.

14.11.2024

The tax audit is high-quality, but it would be convenient to have more detailed instructions regarding documents at the beginning of the process. Everything else is great.

Yevgen Sh.

27.06.2024

As a whole, whatever is great, but occasionally I had to wait a little longer than I would certainly have liked for solutions regarding tax files.

Valentуna B.

18.12.2023

I recommend! They helped me avoid many mistakes in taxes and saved me time. I am very grateful for the care and professional approach.

Albert M.

18.08.2023

Incredibly satisfied with the cooperation. A clear plan, constant support and complete transparency of the process. It is clear that specialists who know the nuances of a tax audit are working.

Kseniya K.

10.03.2023

Whatever is clear, structured and with maximum expertise. The team addressed all my questions and prepared me for the audit in such a way that made me feel confident.