Navigating an Audit to Reduce Liability from $40,000 to $15,000
James O’Connor, an enterprising entrepreneur, encountered an IRS audit triggered by discrepancies in his previous tax filings, putting him at risk of fines and additional assessments that could total up to $40,000.
The audit process not only threatened his financial stability but also jeopardized the reputation of his growing business. Recognizing the urgency of his situation, James enlisted the expertise of SafewayTax, where our audit defense team immediately conducted a comprehensive review of his filing history.
We identified the errors that had led to the audit, corrected them, and prepared a robust case supported by detailed documentation.
Through persistent negotiations with the IRS, we were able to reduce his potential liability significantly—down to about $15,000. This decisive action helped protect his finances and allowed James to continue focusing on the expansion of his business without the looming threat of unresolved tax issues.
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