Melbourne IRS Tax Lawyer

Melbourne IRS Tax Attorney

Audits are one of the most stressful aspects of taxes. Being audited means that the IRS (Internal Revenue Service) discovered a discrepancy or other error with your tax return or other filed tax information. Audits can be incredibly stressful but are much easier to navigate when you have an experienced Melbourne, FL IRS tax lawyer helping you make sense of the process and providing you support and representation.

Audits can result in you paying more to the IRS, or they can result in no issues at all. In the most serious situations, audits can lead to criminal charges. Working with an attorney helps you prepare your tax information for an audit and protect your rights. An attorney’s support is very beneficial even when you believe there are no errors in your tax records.

Tax Smith Tax Attorneys: Audit Representation for Business and Individual Taxpayers

IRS audits mean that your tax and financial information will be reviewed by an IRS agent who will ensure it matches your tax returns and other filings. The team at Tax Smith Tax Attorneys is here to help you review this information ahead of an audit, determine if there are errors, and help you defend your specific tax circumstances. Our firm has decades of experience in tax laws, including supporting businesses and individuals as they navigate audits with the IRS.

We know how frustrating taxes can be and how overwhelming it can be to receive notice of an impending audit. Our goal is to provide you with all the information you need to make crucial choices and represent you in an audit.

What Are the Possible Results of an Audit?

Taxpayers in Melbourne are often incredibly nervous about an audit, but being prepared for the process and having legal representation can mitigate the outcomes of the audit. When an audit is conducted and completed, it will result in one of the following:

1. The IRS agent resolved that there are no discrepancies in your finances and documentation, so no changes in payment must be made to your tax return.
2. The agent discovers an error and changes your tax return. You agree with the change, and you make the necessary payment.
3. The agent determines that there is a discrepancy and changes your tax return, but you don’t agree with it.

When you have the support of a skilled tax attorney, they can review the decision made by the IRS agent and determine the right course of action. In some cases, paying the new amount is the ideal option. In other cases, negotiating the amount can help mitigate the financial consequences the payment has on your life.

If your attorney determines that the change is inaccurate, they can help you navigate filing an appeal with the IRS.

What Are the Consequences of Errors Found in an Audit?

When there is a discrepancy in your taxes, it can result in serious consequences. A minor error will typically require you to make the full payment, but the IRS is unlikely to take any administrative or criminal action. However, if the error was deliberate, and the IRS believes you engaged in tax evasion or fraud, you could face criminal penalties.

Why Am I Being Audited By the IRS?

Some taxpayers think that an audit means you have committed a crime. This is not the case. There are several reasons why the IRS may conduct an audit, and they are not just due to fraud or suspicion of evasion. You may be audited because:

1. You were randomly selected by the IRS to ascertain your tax information.
2. The IRS dealt with administrative issues with your tax returns or other information, and that error is being reviewed.
3. You had business connections or other relations with another taxpayer who was selected for an audit, either randomly or because of an error.

Even when an audit is random, it should still be treated with gravity. An attorney can help you have a smooth audit process and achieve the ideal outcome.

FAQs About IRS Tax Law in Melbourne,FL

Q: Do Tax Attorneys Negotiate With the IRS?

A: Yes, a tax attorney can effectively help you negotiate with the IRS. Review the scope of a tax lawyer’s legal practice to ensure this is a service they provide. When an attorney is licensed to work with the IRS, it means they can represent you and negotiate on your behalf during an audit or to negotiate a federal tax debt. While an attorney cannot promise that the end result will be positive, they can provide needed help.

Q: Should You Talk to the IRS Without a Lawyer?

A: It is possible to talk to the IRS without a lawyer and navigate the case by yourself, but it is not recommended. You are more likely to secure a beneficial outcome with an attorney’s support. A tax attorney can explain to you the specifics of tax law and how it impacts you. Talking to the IRS without a lawyer can make it difficult to gather the information you need and protect your finances.

Q: Do I Need a Tax Attorney for an IRS Audit?

A: There are several benefits to working with a tax attorney for an IRS audit, although it is not required. An attorney can help with an audit by:

• Helping you understand the notice for the audit.
• Communicating with the IRS on your behalf.
• Gathering financial and other documentation needed for the audit.
• Representing you in an in-person audit.
• Protecting your rights.
• Negotiating a settlement for any tax debt if needed.
• Appealing the decision if the audit came to an incorrect resolution.

Q: What Does an IRS Tax Attorney Do?

A: An IRS tax attorney helps you navigate IRS tax law issues, including if you have unpaid tax returns, significant existing tax debt, complex taxes, or are facing an audit. A tax attorney helps individuals, families, and business taxpayers. If you are going through a life change, such as a move or a marriage, an attorney can help you understand the tax implications. An attorney can also help as you establish or manage a business.

Defending Your Financial Interests as a Melbourne Taxpayer

Tax Smith Tax Attorneys is here to help you navigate an audit, limiting the stress of the process. You may have made an error or be worried you made an error. In either situation, we can help you review your tax information and protect your rights. Contact our firm today.