Accounting Articles > Illinois Sales and Use Tax Audit:
Scheduled tax audits in Chicago
If you have been scheduled for a tax audit, whether it is at the federal or state level, your first job is to get adequate representation.
If it is what’s commonly known in Chicago as a “sales tax audit,” the state will be looking at four different taxes:
- Sales tax
- Use tax
- Payroll tax
- Income tax
If it's an IRS audit, they are going to be looking at every potential or actual federal tax that you pay. In your mind, you’re thinking that its an income tax audit, so they are going to be looking at your business income tax return. But while they’re at it, they will also look at all payroll tax compliance along with your personal tax returns.
Many people make the mistake of trying to handle an examination by themselves. That’s probably one of the biggest mistakes that you could make:
- You don’t speak the language of taxation.
- You don’t know tax law.
- Nor could you possibly represent yourself in a professional manner.
- You're simply too close to the subject.
- Can you possibly anticipate what they will ask so that you can prepare a reasonable response?
- A Doctor would never operate on either a loved one or themselves.
Why try to do this on your own?
Its much easier and less costly to do it correctly the first time, then to try to get a decision reversed in appeals.
Please give our offices a call at your earliest convenience.
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