Some Important Things To Note When Your Get Audited

If you’re a taxpayer who’s getting audited for some discrepancies in your tax submissions, then you’d probably want to read these tips. You may want to know about the information you need for an audit, because your income, deductions, credits and other things may be under review. You’ll need to provide your receipts, cancelled checks, certain forms and records to the CRA.

It is advised that you cooperate fully with the CRA to avoid criminal charges, so don’t refuse to provide the necessary information. If you do that, you may be required to pay even more taxes. Don’t worry though – the financial information you provide to us, will remain confidential unless the CRA or another state agency lawfully requests it.

When the audit is done, you will be given a full, detailed explanation of the adjustments which were made to your tax information. If we realize that you have over paid your taxes, then you will be notified of this and compensated accordingly. During the tax auditing process, however, you should remember that it is your legal right to have a tax accountant, and attorney or another individual of your choice present with you during the auditing process. If you disagree with the audit, you can appeal it in the corresponding court of law, within 60 days or receiving the report.

Finally, if you realize that you have been making the same error on your tax returns, you should just be honest and make it your duty to amend those errors and file the amended return for those years.

If you are looking for a professional accountant to do your taxes in Canada, then you have come to the right place as we are tax experts in Kingston Ontario and we can help process your income tax return quickly while maximizing the tax return you will receive. Our decades of income tax filing experience can help you with your personal and business taxes in Kingston. Remove the headache from taxes and let our skilled tax consultants handle your accounting and bookkeeping to process smooth tax returns for you. Precise, Accurate Instant Tax Refunds Since 2002.