Tax Services
Tax Risk Services
Identifying and mitigating exposure across entities
Find the Risk Before It Finds You
Tax risk accumulates quietly in misclassified workers, inaccurate filings, overstated deductions, and multi-jurisdiction operations. By the time the IRS flags it, penalties and interest have already compounded.
We identify, quantify, and resolve exposure before it becomes a penalty, audit, or dispute.
Core Directives
- Risk Identification
- Audit Risk Scoring
- Ongoing Monitoring
Ready when you are
Get startedOperational Milestones
Discover
We review your filings, accounting practices, entity structures, and operations to build a complete risk profile.
Score & Analyze
We apply IRS Audit Risk Scoring and run a compliance gap analysis to quantify and pinpoint your vulnerabilities.
Advise & Monitor
We deliver a prioritized action plan, then implement ongoing monitoring and quarterly reporting to catch new risks early.
Included Services & Outcomes
Tax Risk Compounds Silently
Misclassified workers, filing gaps, aggressive deductions, and unreported income don't trigger alarms until the IRS comes knocking. By then, penalties and interest have already accumulated. Proactive risk management is the only real defense.
Questions
Tax Risk Services FAQ
What is a Tax Risk Assessment?
A comprehensive review of your tax filings, accounting practices, entity structures, and operations to identify where you may be exposed to IRS penalties, audits, or compliance failures.
How does IRS Audit Risk Scoring work?
We use historical IRS audit data and industry-specific benchmarks to score your return against known audit triggers, such as high deduction-to-income ratios, specific entity types, and industry red flags, giving you a clear picture of your audit likelihood.
What are common sources of tax risk?
Misclassifying workers or expenses, inaccurate filings, operating in multiple jurisdictions without proper compliance, overstated deductions, missing estimated payments, unreported income, and rapid growth without updated tax structures.
How often should I have a tax risk review?
At minimum annually, ideally before filing season. Businesses with rapid growth, new entities, multi-state operations, or significant transactions should consider quarterly reviews.
Can tax risk services help prevent an audit?
While no one can guarantee prevention, proactive risk identification and resolution significantly reduce the likelihood of triggering an audit, and ensure you're fully prepared if one occurs.
Put SMAART Tax on your tax risk services
Book a free consultation. We'll review your situation, quote a fixed fee, and show you exactly what we'd do differently.