+1 945-800-4237
info@fellowtax.com
Tax Representation is imposed by the tax authorities on the individual. Tax representation comes along with various benefits. It is a cost-effective solution to save you trouble.
IRS gets three years from the tax return due date to assess the additional taxes, which may be possible. This is conducted when IRS issues an audit letter. IRS can examine the individual’s papers, books, and other records that were considered while you filed the tax return. That’s why you should always maintain a copy of all the relevant records for at least three years.
A filing extension is an exemption provided to the individual. This step is taken in a case where you could not file the tax return by the due date.
Individuals have to file the IRS Form 4868 for an automatic six-month extension. It is an important step in filing the Tax because if you don’t file the extension, you ’d have to pay the penalty. It is generally 5% of the total Tax but can go up to 25%.