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Tax Risk Services
Identify vulnerabilities in your tax filings, financial practices, and entity structures before the IRS does.
Find the Risk Before It Finds You
Tax risk doesn't announce itself, it accumulates quietly in misclassified workers, inaccurate filings, overstated deductions, unreported income, and multi-jurisdiction operations without proper compliance. By the time the IRS flags an issue, the penalties and interest have already compounded.
SMAART Company's Tax Risk Services proactively identify areas of potential risk in your tax filings, financial practices, and entity structures. We conduct comprehensive Tax Risk Assessments, IRS Audit Risk Scoring using historical IRS data and industry benchmarks, Compliance Gap Analysis for state, federal, and local filing gaps, Strategic Documentation Reviews, Tax Position Advisory on aggressive deductions and complex transactions, and Ongoing Monitoring to keep you protected.
Whether your risk comes from rapid growth, complex entity structures, real estate transactions, payroll irregularities, or aggressive tax positions, SMAART helps you identify, quantify, and resolve exposure before it becomes a problem.
Core Directives
Risk Identification
Audit Risk Scoring
Ongoing Monitoring
Ready When You Are
Operational Milestones
01
Discover
Review your tax filings, accounting practices, entity structures, and operational processes to build a complete risk profile.
02
Score
Apply IRS Audit Risk Scoring using historical data and industry benchmarks to quantify your exposure.
03
Analyze
Conduct Compliance Gap Analysis and Strategic Documentation Review to identify specific vulnerabilities.
04
Advise
Deliver a prioritized action plan with clear recommendations to resolve each identified risk area.
05
Monitor
Implement ongoing monitoring and quarterly reporting to ensure new risks are caught early as your business evolves.
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.
Included Services & Outcomes
Comprehensive Tax Risk Assessment
IRS Audit Risk Scoring and benchmarking
Compliance Gap Analysis (federal, state, and local)
Strategic Documentation Review (expense tracking, mileage, payroll)
Tax Position Advisory (deductions, depreciation, real estate transactions)
Worker and expense classification review
Multi-jurisdiction compliance evaluation
Ongoing risk monitoring and quarterly reporting
Proactive Protection Beats Reactive Damage Control
SMAART's Tax Risk Services identify and resolve vulnerabilities before they become penalties, audits, or legal disputes, saving you time, money, and stress.
FAQ
Questions &
Answers
Get answers to the most common questions about our tax risk services services.
A Tax Risk Assessment is a comprehensive review of your tax filings, accounting practices, entity structures, and operations to identify areas where you may be exposed to IRS penalties, audits, or compliance failures.
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.
Common sources include misclassifying workers or expenses, inaccurate filings, operating in multiple jurisdictions without proper compliance, overstated deductions, missing estimated payments, unreported income, and rapid business growth without updated tax structures.
At minimum, annually, ideally before filing season. Businesses experiencing rapid growth, new entity formations, multi-state operations, or significant transactions should consider quarterly risk reviews.
While no one can guarantee audit prevention, proactive risk identification and resolution significantly reduce the likelihood of triggering an IRS audit, and ensure you're fully prepared if one occurs.
Assess Your Tax Risk Today
Don't wait for the IRS to find the problem. SMAART's tax risk specialists will identify your exposure and help you resolve it, before it costs you.
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