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AdvancedTax and safety

If the tax office contacts you

Author
CRYPTO PORT Editorial
Published
Updated
Reading time
7 min

In short

If the tax office gets in touch, the basic response is to establish exactly what is being asked, then organise and present the records you hold. Do not answer from guesswork — check first, then reply. Where the matter is involved or you are uneasy, engage a tax accountant early and, if appropriate, ask them to attend.

Key points

  • First establish what is being asked about, and for which year
  • Organise the records and present them; do not answer from guesswork
  • It is fine to say you will check and come back with an answer
  • If it is involved or you are uneasy, involve a tax accountant early

Definition

Responding to contact from the tax office about a filed return by explaining the facts with reference to your records.

Contact from the tax office ranges from a simple query about how something was entered to a request for detailed substantiation. Take it calmly and establish precisely what is being asked and for which year. Pausing to understand the question beats answering vaguely in a hurry, and usually resolves things faster. Note down at the time which office and person contacted you, what they asked, and whether there is a date to respond by.

Then organise your records: the copy of that year's return, the calculation report, the transaction history, and your notes on method and price sources. Having these already grouped by year is where that habit pays off. Pull out the parts that relate to the question and arrange them so the story runs in date order.

The posture for answering is: state the facts, based on the records, accurately. Filling gaps with guesses means corrections later and a longer conversation. It is entirely acceptable to say you will confirm something and come back. Where history was missing and you estimated by a reasonable method, be ready to explain that method and its basis — this is exactly why keeping that record matters.

Where the question touches a judgement issue, spans several years, or involves significant amounts, engage a tax accountant early. A tax accountant can represent or accompany a taxpayer in these situations. That is calmer and more accurate than handling it alone and risking an imprecise explanation or a conversation that widens unnecessarily. It costs money, but in this situation it is money well spent.

This site does not deal in ways to avoid an inquiry or sidestep an explanation; going in that direction damages your own position. Explain the facts from the records, check what you do not know, and bring in a professional where it helps. Those three are the most reliable response available.

Watch out for

  • · This page is a general orientation, not tax advice
  • · Do not answer from guesswork — checking first and answering accurately is faster in the end
  • · Where the matter is involved or you are uneasy, engage a tax accountant early

Frequently asked questions

  • What if I am asked something I cannot answer on the spot?

    It is fine to say you will check your records and come back. Guessing and correcting later draws the process out. Confirm any date by which they need a reply, and say so if it looks tight. If you are uneasy, consult a tax accountant.

Source

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