Tag: IRS tax attorney

Are You Looking for Assistance in Dealing with IRS Auditors?

Scott Carter

Many adults living and working in America are afraid of being audited by the Internal Revenue Service. When it comes to tax issues, you can expect penalties, fines and even imprisonment. 

An IRS audit can even be conducted on residents and citizens who have paid their taxes in full and not done any illegal activity. You can now easily deal with the IRS by hiring Orange County IRS Tax Attorney for helping you settle or lower your back taxes.

AUDIT HELP FOR SMALL BUSINESSES: HOW TO PREPARE FOR AN AUDIT BY THE IRS - DGK Group, Inc.

Image Source: Google

When they get an audit notice, the most honest people will question if they did their taxes correctly. This can be the most stressful and exhausting period in a taxpayer's life. Be aware that IRS audits are protected by law.

In 1998, Congress passed the third installment of TaBOR (Taxpayer Bill of Rights). This bill requires taxpayers to be honest informed about the types of actions they can expect from IRS and their rights under the IRS.

An audit brings to mind a regular meeting between the IRS auditor and taxpayer. Audits are done by post, which is more common than not. The IRS often asks for additional documentation and sends letters to taxpayers about claims made in tax returns. These issues can be quickly resolved if you keep organized records.

The IRS may audit your entire tax return or just a portion. Only send documentation that pertains to the IRS portion you are auditing. If you provide more documentation than is necessary, the IRS might request additional documentation.

How to Avoid Tax Problems With IRS Tax Lawyer?

Scott Carter

Tax issues can certainly scare anyone. To avoid being called by the IRS, you need to learn the basics of relevant tax and law. Likewise, knowing the preventive measures can save you from nightmares with tax problems. You can now also protect yourself with the help of professional irs lawyers via sempertax.com/orange-county-irs-tax-attorney.

Tax Fraud Definition

Image Source: Google

Understanding the True Nature of Taxes:- While most of us complain about tax breaks on our income, why not look at reasons beyond just withholding? Perhaps understanding the true nature of taxes will calm our revolutionary minds and avoid tax problems. We pay taxes because they are important to us. 

Organization of IRS Records:- Documents and receipts are essential when dealing with IRS matters. It will be very useful to organize all the necessary documents. Filing all of your financial statements will save you from future headaches when IRS problems arise.

Don't delay:- Don't delay IRS preparation. Panic will only cause tax problems with the IRS. You can ignore the documents and sources of potential tax returns. Because of this, you run the risk of making tremendous mistakes if you miss the deadline. While you can apply for an extension, it is still advisable to pay on time to avoid penalties.

Honesty is the best policy:- When it comes to money, honesty comes first. Tax evasion is common, but it is an illegal strategy to avoid large financial cuts from taxpayers' accounts. With advances in technology, the IRS can identify any financial discrepancies filed on tax returns.