Many individuals in Memphis, TN, assume that they have a clean record with the IRS. However, when an audit notice arrives, it can bring many tax issues into the light. An auditor is tasked with looking at your filed returns and your financial information to see if there are discrepancies. They will also search for improper deductions, unreported income, and any other unreasonable attempt to reduce tax liability.
If the auditor suspects any type of fraud, they may expand the audit to include multiple years. An experienced Nashville, TN, tax attorney can help you scrutinize your past returns and identify potential problems. This is done under the protection of attorney-client privilege. During the audit process, your lawyer can also defend you from any criminal investigations and penalties.
The IRS has a strong interest in collecting funds owed to them. If you don’t pay your back taxes, they will send a tax lien or levy against your property. These are a serious matter and will affect your ability to sell or refinance your home or car. A good Memphis, TN, tax audit defense lawyer can negotiate a tax settlement with the IRS to get your back taxes under control.
Tax fraud is a serious offense that can carry prison sentences of up to 20 years and significant fines. A skilled attorney can defend you against charges of tax fraud by showing that the IRS was wrong to investigate you and that the evidence used was insufficient. This will give you a much better chance of having the charges against you dropped.
In addition to criminal cases, a Tennessee tax attorney can also assist you with civil cases, such as filing or auditing errors and tax return preparer negligence. A tax attorney will have a deep understanding of both state and federal tax laws, giving them the tools needed to help you navigate your situation effectively.
When you hire a tax attorney, make sure to check their qualifications and background. You should also look for reviews and ratings of their previous clients. Also, make sure the attorney is a member of your state bar association. A reliable tax attorney will always protect your rights and interests.
Choosing the best IRS audit defense attorney can significantly improve your chances of having your case dismissed or settled with a favorable result. A Memphis, TN, tax attorney with a solid track record can guide you through your case and ensure that your legal rights are protected throughout the entire process. Contact a tax attorney today to learn more about your options. The attorneys at Robert J. Fedor, Esq., L.L.C. travel across the country to represent clients with significant tax liabilities in federal court. They can help you appeal an audit or a criminal investigation, and they have extensive experience litigating tax fraud cases. The firm also provides business and estate planning services, such as SDIRA alternative investment opportunity divestments and 1031 exchanges.
