Tax Attorney Aurora IL
Audit Representation
Whether you are looking for sales, OVDP, or income tax representation, we have done it all.
We know how to properly represent taxpayers under audit. We understand the implication of “friendly inquiries” from auditors and are aware of the red flags that may not be apparent to a taxpayer representing themselves.
We are able to close audits quickly and avoid expansion of the audit scope. Generally, the cost of representation is far less than the amount saved through qualified representation.
Your IRS File
- We will secure your IRS transcripts and statement of account without raising any red flags.
- Filing under the Freedom of Information Act, we can review and interpret the IRS transcripts for you.
- This record reveals your history with the IRS (according to them).
- We may also anticipate their moves based on the information posted to your account.
Unfiled Returns
Failure to file a tax return is a criminal offense that may be punishable by one year in jail for each unfiled return!
In most situations, we can prepare and file delinquent returns avoiding exposure to such harsh penalties. In some cases, the IRS has prepared a return for you and assessed the tax based on that return. These returns will reflect income items without credit for deductions or exemptions you are entitled to and can have other implications. Therefore, the amount of tax assessed is higher than the amount we would calculate considering appropriate deductions and exemptions.
Statutes of Limitations
The IRS has certain rules they must abide by and has only so long to assess the tax they want from you.
There is a limitation on the time they have to collect tax once it is assessed.
As part of our engagement we will:
- Review the statutes to see if any have expired or are about to expire.
Liens, Levies and Garnishments
The IRS may take money from your paycheck or bank account by garnishment or levy.
They may place liens on your house or other assets.
We can often:
- Prevent this
- Have these lifted so you can afford to pay your bills
If you are presently dealing with or concerned about a lien, levy, or garnishment we can help.
Remember: The earlier we address the problem the more successful we are likely to be. Ignoring a tax problem is usually asking for a bigger and more expensive problem.
Innocent Spouse
Special new rules went into effect under the 1998 IRS Restructuring Act. These new rules protect innocent spouses from exposure to IRS collection actions related to a spouse or former spouse’s tax liability.
If the IRS is trying to collect tax related to the income of a (current or former) spouse that you believe you don’t owe, we can help.
Frequently Asked Questions
What types of audits can a tax attorney in Aurora, IL help with?
A tax attorney in Aurora, IL can assist with various audits including income tax, sales tax, and Offshore Voluntary Disclosure Program (OVDP) matters. They are experienced in identifying red flags, responding to IRS inquiries, and managing audit scope to minimize exposure.
Can a tax attorney really speed up the audit process?
Yes, experienced tax attorneys are often able to expedite audits by strategically responding to IRS requests and avoiding unnecessary expansion of the audit. Their goal is to close the audit efficiently while protecting your rights and minimizing tax liabilities.
What should I do if I haven’t filed tax returns for several years?
If you have unfiled tax returns, it’s important to act quickly. A tax attorney can help you file delinquent returns to avoid criminal penalties and reduce the risk of inflated tax assessments due to IRS-prepared substitute returns.
How do I know if the IRS can still collect tax from me?
The IRS has strict statutes of limitations for assessing and collecting taxes. A tax attorney will review your account to determine whether these deadlines have passed, which could eliminate or reduce your liability.
What is innocent spouse relief and do I qualify?
Innocent spouse relief protects individuals from being held liable for tax debt incurred by a spouse or former spouse. If the liability stems from income that wasn’t yours and you were unaware of the issue, a tax attorney can help you apply for relief under IRS guidelines.