What should a taxpayer do when they receive a LOA?

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The first step is to carefully read and understand the content of the Letter of Authority. This document typically outlines the purpose of the tax audit or investigation and provides details about what records or information the tax authority is seeking. If you believe there is a legitimate dispute with the tax authority’s findings or assessments, you can work with your tax professional like XDT AND COMPANY INC. to negotiate and resolve the matter.

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