If you are facing an IRS audit, you should hire the best attorney you can find. The process of an audit can be complicated and confusing, especially if you owe penalties and interest. Hiring an attorney with extensive experience in tax law can help you navigate the process, file effective appeals, and ensure that you don’t overpay. Here are some of the benefits of hiring an attorney for your tax audit.
An experienced tax attorney will know how to negotiate with the IRS, so they will be able to get you the best possible settlement. An attorney can help you protect your legal rights while balancing the desire to settle and the need to preserve your financial future. They can also interpret the validity of a summons issued by the IRS, so you won’t accidentally give away protected information. Hiring an experienced tax attorney is essential if you are facing an audit because an inexperienced attorney can get you slapped with a huge bill and can’t explain what you’re doing or how you can protect your legal rights.
Hiring a Bridgeport tax audit attorney in Connecticut will help you fight the IRS and its aggressive tactics. They will argue the facts in your case and attempt to reduce the tax owed, the interest on back taxes, and penalties. Tax auditors can intimidate you, threaten you, or lie to you. Attorneys can’t protect you from these actions from the IRS. You need an attorney who will fight for your rights. Regardless of whether you are facing a simple or complex audit, you need an attorney who is experienced in tax law.
While local tax lawyers may be able to work out a favorable settlement, they might not be able to build a strong case against the IRS. Furthermore, your tax attorney may need to travel hours to your location to make a strong case. You might be spending your precious time with family if you wait until the IRS decides to accept your case. Your attorney will be able to make the best defense possible, and your chances of success are greater.
Despite the challenges of IRS audits, hiring the best attorney can help you win your case. An attorney can help frame the case in your favor and pressure the IRS to accept a settlement. The most common outcome of an audit is a “no change” determination. An agreed determination is when the IRS and the taxpayer agree on changes to the tax return. If these changes are approved, the audit is resolved. The process of an audit can take anywhere from two to six months.
Choosing the best IRS Audit Defense Attorney is crucial for your financial future. While working with the IRS can help you obtain a favorable settlement, you must abide by the law in order to avoid further penalties. An attorney will protect your rights and limit your exposure to tax deficiencies. If you don’t follow the law, you may be facing fines and other penalties. An experienced attorney will know what to do in order to get you the best possible settlement and avoid penalties.