Barry G. Fowler, EA, leading expert in tax resolution issues and CEO of Taxation Solutions reveals what can happen when taxpayers under-report taxes either willfully or mistakenly and the IRS finds out and initiates an audit.

Houston, TX – May 1, 2017 – Barry G. Fowler, CEO of Taxation Solutions, posted a new article on his website entitled “You’ve Been Under-Reporting Your Income and The IRS Has Caught You.” This is a circumstance Mr. Fowler says requires an experienced attorney.

Fowler asks, “Are you the target of an audit for allegedly under-reporting income to the IRS?” He advises, “Professional help by an experienced, Enrolled Agent tax attorney is a must in this type of situation.” He further advises, “A little bit of understanding may also come in handy before you get sucked into the unraveling of your tax returns.”

According to Fowler, “Depending on how much of your income you failed to report, the IRS can put you through the wringer for a very long time.” “For instance,” he says, “if you fail to report 25% of your income the IRS has a full six years to audit. Even that time frame almost always gets extended up to an extra full year.” He continues adding, “However, working with an expert tax attorney may help you be able to shorten the time of the extension.”

“Things get even more complicated,” writes Fowler, “if you knowingly, as opposed to mistakenly, file a false return, under-report income or worse, willfully fail to file.” He states, “You could even be facing potential criminal charges and prison time.”

The entire article can be read at http://www.taxationsolutions.net/youve-been-under-reporting-your-income-and-the-irs-has-caught-you/

About Barry G. Fowler, EA

Barry G. Fowler founded Taxation Solutions out of a genuine concern for the IRS issues his clients face, many of whom are self-employed, contract employees, or entrepreneurs. For his contributions to his profession and expertise in tax resolution and financial planning, Fowler has been featured as one of America’s Trendsetters on CBS and Yahoo, and as a Premier Expert in Inc. Magazine. He has been instrumental in helping hundreds of people resolve complex tax issues with the IRS.

Fowler is licensed to represent taxpayers before the Internal Revenue Service, and is a longstanding member of several tax industry professional organizations: NAEA, NATP, TSEA, ASTPS.