20 Jun /13

The Scariest Phrase in American English? "You're being audited."

IRS translation servicesOnly two things in life are certain: death and taxes” the old saying goes. Sadly, as more and more details of the recent IRS scandal surface, the latter of the two has become a lot more worrisome. Not only is the income of Americans apparently subject to random scrutiny, but so are the orgainzations which they belong to. Certainly, this is a big issue for organizations aspiring to be recognized as 501c non-profits, but it is an even more pressing issue for the over 25 million people, or 5% of all U.S. households, who have limited English proficiency (or LEP) and America companies abroad as they too have become the target of potentially exaggerated IRS scrutiny. Regardless if corporate or individual IRS auditors are banging at your door, proper English documentation will save you from bad surprises.

For the last three decades, the number of U.S. tax payers who speak a language other than English at home has been steadily rising. While it is true that the IRS offers a number of services and documents in languages other than English to meet the needs of these individuals, this does not guarantee that other documents essential for a correctly filed tax return, such as W-2s, exemption forms and similar documents, are also provided in a language that these individuals comprehend. As a result, an increasing number of ESL (English as Second Language) households are facing IRS audits and potential fines.
As long as there is no complete multi-lingual tax reporting in place in the U.S., the best way for these tax payers to avoid the many pitfalls in dealing with the IRS is by employing a professional and specialized independent third party translation service that is willing to commit the time and energy to assure that the required tax documentation is translated properly.

IRS audits can also target American companies and expatriates in countries around the world. It is therefore imperative to make sure that any business abroad maintains proper English documentation of HR, legal and financial information. Documents such as birth and marriage certificates, contracts, foreign tax returns forms, earned income exclusions, foreign financial assets, salary forms, and similar paper work should always be translated for easy access in case of an IRS audit. As IRS regulations require the translations to be performed by a professional language service provider and backed by appropriate certifications, it is imperative that a competent provider is found in a timely manner. Professional IRS translation services can save US firms abroad thousands of dollars in US taxes, and help companies qualify for a number of tax exclusions and credits.

Are you looking for quality translation services in the areas of IRS? EVS Translations is your ideal partner for professional legal and financial translation services of the highest quality.