The IRS Says You’re Guilty until You Prove Them Otherwise

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Did you know that the IRS says you’re guilty until you prove them otherwise? This is our topic of discussion today and our guest, Derrick Winke from Wink Tax Services, will help us understand what is involved when you receive an IRS notice.

Derrick Winke is an enrolled agent; a federally-authorized tax practitioner empowered to represent people before the IRS in all 50 states. In his line of work, he focuses primarily on tax returns for individuals and small businesses. Wink Tax Services, is located in Troy, just outside of Detroit, Michigan, and has clients on almost every continent as well as from most states.

We discuss

  • The difference between a CPA and an Enrolled Agent.
  • All IRS correspondence starts out as an inquiry, and their specific concern will be in the notice reference.
  • What do you do next after you get an IRS notice?
  • Why you need to get a professional involved.
  • Handling correspondence between you and your nominated agent.
  • Your presence during an inquiry.
  • The process of getting audited by the IRS.
  • Is there a limitation to how far back the IRS can go to audit you or your business?
  • It is crucial to keep good records.
  • Always keep your personal assets separate from your business.
  • Remember, you are presumed guilty until you prove otherwise.

What Derrick has to say is pure gold, so please stay tuned and enjoy!

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