Continued from our prior blog post.
The Most Common IRS Red Flags that could trigger a Tax Audit:
16. Claiming 100% business use of a vehicle – When you depreciate a car, you have to list on IRS Form 4562 of what percentage of its use during the year that you claim (testify on a Federal form by your signature) was for business. Claiming 100% business use of an automobile, especially if you have no other vehicles available for use, can be a red flag; so being conservative here is advisable.
No one really wants to be audited by the IRS. It’s time consuming, and quite frankly, a headache. You’ve probably wondered at some point who gets audited and why, as well as how you can avoid it. While there is no fool-proof way to avoid an audit; however, there are ways to reduce your chances.
The IRS audits slightly more than 1% of all individual tax returns each year because they do not have the resources and personnel to examine more than that. They do, however, look to audit the returns that are more likely to uncover overstated deductions, unreported income, false claims, or taxpayers that haven’t filed tax returns in a while.
What do tax lawyers charge as far as cost and fees?
When taxpayers are faced with tax problems such as unpaid back taxes or IRS audits, they usually seek the help of a tax attorney. Taxpayers have the right to be represented by a licensed and IRS approved representative, known as POA or power of attorney. Representation fees vary widely by various firms.
Our firm mostly offers flat fee engagements.
Call us today at 877-788-2937.
No one really wants to get themselves into the situation of owing back taxes. Unfortunately, it happens; and it happens most often when people are going through a difficult time including facing unemployment, life and relationship changes, and even medical problems. The present state of the economy certainly isn’t making it easier. However, the Internal Revenue Service recently launched the Fresh Start program to give taxpayers relief – if they are willing to get compliant by filing all of their taxes, and work with the agency to resolve their back tax debt to the extent they are able.
Get back tax help now by calling us at 877-788-2937.
Our firm prides itself for providing various tax services to many Union members. Services such as:
• Tax preparation service: we will professionally prepare your federal and state tax returns,
• Tax planning: we will work with you to legally strategize and minimize your tax liability,
• Tax problems: we will represent you and resolve any unpaid tax debt, or release tax levies such as wage garnishments, bank levies, unfiled back taxes, offer in compromise, and or affordable payment plans,
• IRS audit representation: do not face the IRS on your own, we can represent you without you appearing,
• Estate & Fiduciary tax: we can prepare and plan your estate and fiduciary tax matter.
For Nationwide Union member call 877-788-2937. Free tax consultation.
If you haven’t paid back taxes, penalties, or interest – you may be able to work with us to apply for an Offer in Compromise (OIC) with the IRS in order to get compliant, alleviate your issues with the IRS collectors, and move forward. An OIC is an agreement to settle your tax liabilities for less than the full amount owed. The good news is that it may be easier than you think. In the spring of 2012 the IRS modified their offer in compromise guidelines, in an effort to work with struggling taxpayers, making it much more favorable to the taxpayer.
When faced with tax problems by the IRS or the state, you should consider professional help and representation by a tax attorney. A licensed representative aka power of attorney can resolve a number of tax problems:
When it comes to choosing a tax professional to resolve a tax problem, represent you before the IRS, or handle complex tax issues, it is important to work with someone with the experience and expertise to deal with your situation effectively. You need to find someone you can rely on and trust. There are a lot of people out there claiming to be “the best,” so how do you choose? Here are some things to keep in mind when looking for the right person to handle your taxes.
Often, married taxpayers choose to file a joint tax return because of certain benefits this filing status allows. Unfortunately, there are times because of divorce, separation, or other circumstances that one spouse becomes liable for taxes, interest, or penalties due to improper filing or reporting of their partner.
If you are in need of advice on the best way to obtain tax relief, we welcome you to contact our tax firm for a free tax consultation at 877-788-2937.
Tax returns for registered domestic partners, including same-sex spouses, can be complex. The laws in your state, and more specifically community property laws, dictate how you file and which deductions you can claim. There are nine community property states in the nation: Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington, and Wisconsin. Your state’s laws also determine how you, as a registered domestic partner, file your returns federally with the Internal Revenue Service.
For assistance with all RDP tax services, please contact our firm for a free tax consultation at 877-788-2937.
Tax Relief Blog