Tampa IRS Tax Attorney

Tampa IRS Tax Lawyer

Filing taxes can come with a unique set of challenges. Discrepancies or errors resulting from improperly filed taxes can be met with severe consequences. From audits to tax evasion, the consequences you could face could include financial penalties or even time in jail. A Tampa IRS tax attorney can address a number of tax situations and protect your rights if you face an audit.

Tax Smith Tax Attorneys has a team with decades of combined experience in tax laws. Our tax lawyers for hire can represent you to the IRS, helping you with tax debts, unfiled returns, disputes, and audits. Our firm understands that taxes can be very frustrating for many people. Contact us, we will guide you through the process, answer your questions, and help you feel more certain when dealing with tax issues.

What Causes an IRS Audit?

Audits can raise fears but are less likely to have serious consequences if you are well-prepared and have legal representation.

Receiving a notice for an audit from the IRS can make many taxpayers feel they have done something wrong. However, the agency’s decision to conduct an audit on your taxes doesn’t mean that the IRS thinks you are committing fraud. Audits are conducted for several reasons, including:

• You were randomly selected for an audit by the IRS as a way to ensure nothing is wrong with your taxes.
• An error in your tax returns or other information is being investigated.
• You have had business interactions with or relate to another taxpayer who was selected for a random or for-cause audit.

Other ways an audit could be triggered include administrative or informational errors, math errors, spelling errors, underreported income, or incorrect filing status.

Whether your audit is for cause or not, it should still be taken seriously. Any audit can have severe consequences if errors are discovered. To prevent this, you should always work with skilled legal representation. An attorney can gather your documentation, provide you with crucial resources, and ensure your interests are protected.

What Is Looked at During an Audit?

During an audit, the IRS agent will review your documentation for individual or business taxes, determining if that information is the same as what you provided in your tax return. The agent could review financial and personal information such as:

• Bills and expense information
• Purchase documents and receipts
• Employment records
• Income
• Medical documentation
• Bank account statements and information
• Loans
• Stolen property police reports
• Bounced checks

An agent may review these documents in person or request copies to be sent to them. If there are discrepancies, your tax returns may be audited. This could result in you paying more in taxes. Attorneys who work in tax law, like Tax Smith Tax Attorneys, can help review these documents prior to any audit to help you understand the facts of your case. We look for errors in your taxes to help collect evidence that supports your unique tax situation.

The Potential Outcomes of an Audit

If you experience an audit in Tampa, it could be resolved in one of the following ways:

• The agent determines there are no errors or discrepancies, and no change needs to be made to your returns.
• The agent determines there is an issue and changes the tax return, and you agree to the changes and any new payment amount as a result.
• The agent determines there is an issue, changes the tax return, and you do not agree with the changes or any new payment result.

At the conclusion of your audit, you and your attorney will have the opportunity to choose a response that is most appropriate for you. They will review appeal options and will not only help you file the necessary paperwork but also support you throughout the appeal process.

FAQs About Tampa, FL IRS Tax Law

Can a Tax Attorney Negotiate With the IRS?

Yes, Tampa tax debt settlement lawyer can negotiate with the IRS, although it’s important to ensure an attorney is licensed to provide this service. Your attorney can review your options for repaying a tax debt or help you navigate an audit. If your financial situation prevents you from paying back your tax debt through installments, a Tampa offer in compromise attorney could negotiate for settling the debt through an offer in compromise. Although an attorney cannot guarantee a positive result, they are more qualified than most taxpayers.

Why Do People Hire Lawyers When Dealing With the IRS?

People hire lawyers when dealing with the IRS to secure the most beneficial outcome to their tax debt issues or to an audit. A tax lawyer can assist in several ways, including answering your questions about taxes, tax debt, and audits, limiting the stress of dealing with the IRS, helping you prepare for an audit, providing experience and resources for tax issues, reviewing your finances and tax debt to determine what relief you qualify for, and much more.

What Is a Tax Lawyer?

A tax lawyer is educated and licensed in tax codes, including state and federal tax codes. Different tax attorneys have different practice scopes. Some attorneys can provide legal advice about your taxes, represent you to the IRS in negotiations, prepare taxes, or represent you in audits. Attorneys help individual and business taxpayers stay on top of their taxes and tax needs, including ensuring they are compliant with any tax law changes.

How Much Will the IRS Usually Settle for?

How much the IRS will usually settle for relies on many factors, including your income, expenses, and the level of tax debt you owe. If you qualify for an offer in compromise, the IRS will likely secure what it reasonably believes you can pay. This allows taxpayers to negotiate and settle their tax debt for less. If you do not negotiate your tax debt and ignore it, you will likely face serious IRS collection actions.

Tampa IRS Tax Attorney & Law Firm | Tax Lawyers for Hire

Whether you made an error on your taxes, fear an error has occurred, or want peace of mind for you or your business, working with a tax attorney can help prepare you to face any tax situation that could arise. At Tax Smith Tax Attorneys, our team puts the needs of our clients first and uses our knowledge and experience to protect their rights. Contact us today.