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Tax Law/Services

IRS Audit Defense Attorney – Why Do You Need One?

IRS Audit Defense Attorney, formerly a Loveland tax lawyer, has been fighting cases with the IRS since 1989. Defense Tax Partners Loveland houses the most aggressive Colorado IRS audit defense lawyers who are well known for fighting back with their legal authority and experience in resolving IRS issues. The firm was founded by attorney Richard Weber, who has argued more than five hundred IRS cases over the last fifteen years. These cases have totaled more than three billion dollars in compensation. These cases have set benchmarks for the IRS as well as the American people who have had to deal with the IRS.

 

The IRS wishes to collect unpaid taxes from hardworking taxpayers; however, the taxpayers do not have a legal right to an audit process. If an audit is warranted, the taxpayers must receive notification that the IRS believes they are in violation of their tax obligations. If these notifications are not received or there is no evidence of any wrongdoing by the taxpayers, then the IRS may proceed to initiate an audit. In most cases, the audit will be a complete waste of time and resources for both the IRS and the taxpayer.

 

Because the IRS lacks any statutory authority to jail individuals or impose criminal charges, there is not a very strong deterrent against criminal behavior on the part of the IRS. This lack of deterrent has allowed the agency to pursue its vendetta against billions of dollars in back taxes and other financial obligations. The Department of Justice did not bring criminal charges against executives involved in the Enron scandal or the Worldcom fraud. Neither was there any serious criminal activity brought against the former IRS official, John Josephazard. This is in large part due to the lack of evidence and a lack of standing in the criminal justice system.

 

The IRS audit process involves many steps. The first step is the assessment of the taxpayers’ financial circumstances. This assessment will determine if the taxpayer will be able to repay the balance of their tax debts. Generally this determination will also determine if criminal tax issues merit criminal action. If the IRS determines that a taxpayer is in default of their tax returns, the agency will issue a notice of default. The taxpayer has one month from the date of default to cure the default and restore their tax status to good standing. For more details about IRS audit process, please check out www.coloradotaxattorneys.net/irs-audit-defense-loveland-co/.

 

Taxpayers are often confused by the sheer number of IRS publications and IRS web sites. One way to become familiar with the terminology and basic concepts is to consult with a tax lawyers and experienced tax attorneys. These professionals can offer taxpayers sound tax advice regarding many common tax issues. They can also help taxpayers understand the complex tax laws that govern filing taxes with the IRS. There are tax lawyers who work exclusively for private individuals or businesses, while others are CPAs, certified public accountants, and tax law attorneys.

 

Many tax attorneys and CPAs choose to focus only on preparing and filing tax returns. While this may be an acceptable profession, it is not the only way to meet your legal needs. A tax lawyer and CPA can also help you with estate planning and asset protection. As more people understand the complex tax laws, the number of taxpayers defending their taxes against the IRS will rise. CPAs and tax lawyers can advise their clients on how to avoid potential audits and how to overcome the challenges the IRS poses.

Tax Law/Services

What Can an IRS Tax Attorney Do For You?

The IRS Tax Attorney is an expert in tax law. Taxpayers should know that any qualified attorney can represent them in state and/or federal tax matters. The tax burdens can be eliminated by using the services of a tax lawyer, while maintaining the right to take legal action against the IRS. The services of an attorney are needed when the IRS demands compensation for tax losses, or when the taxpayer is facing tax penalties. A lawyer’s tax experience will come to the rescue of your specific tax issue and will help in minimizing your tax debt.

 

For taxpayers who are preparing their yearly tax returns, the attorney can help in preparing all the information submitted for filing the return and can represent the client before the IRS during the process. The tax attorney can also help in getting back deductions claimed due to qualifying personal allowance and depreciation amounts. He can also help in getting the right refund claim. He can advise on penalty abatement, or in cases where the client can obtain a refund based on the amount he paid for tax defense. Some attorneys can negotiate with the IRS for the release of taxable income, interest, penalties and interests.

 

If you have received a notice of audit from the IRS, then your attorney may request postponement of the audit hearing. Attorneys can work out payment plans that will enable you to pay the full amounts due without affecting your regular monthly or annual income. This will allow you to avoid garnishments, late fees, penalty assessments, and excessive interest. The tax representative can help in creating a payment plan that is acceptable to the IRS.

 

Taxpayers who cannot afford to pay the full amount due may ask the attorney to formulate a payment plan which takes into account the current financial situation of the taxpayer. In such cases, the taxpayers may request installment payments from the IRS in exchange for complete relief from IRS penalties and interest. In this way, the taxpayer can avoid the penalties and interest and continue to meet his financial obligations. For tax professionals, this is one of the most effective methods to deal with delinquent taxes. An in house expert may not be able to explore all the options available to the client.

 

In some cases, the tax attorney may petition to levy the unpaid taxes. In order to do so, he will have to present evidence that the taxpayer is in default of the tax debt. Evidence that the taxpayer has not paid dues within a reasonable period of time will suffice to have a levy placed on your tax debt. A levy may be court ordered by a judge or the IRS Tax Attorney may request a federal court levy through the IRS Tax Attorney. The IRS Tax Attorney will work with the IRS to recover the tax debt.

 

The IRS Tax Attorney is not responsible for assessing penalty and interest. The IRS will make these determinations. A penalty assessment is based on the person’s payroll amount and net income and the amount of penalty and interests charged. Interest and penalties must be paid when you receive your IRS notice of levy. The lawyer will try to negotiate an arrangement with you to get you relief from these penalties.