What Should I Do If I’m Going To Get Audit By The IRS
Tax laws can be so complex and confusing that it may be difficult for an average citizen to understand them. If you a business owner, it’s important for you to be familiar with these laws so that you can avoid being charged with tax fraud or tax evasion. A slight mistake when filing your returns in the US can cost your business a lot. In the US, tax laws keep on changing in order to tighten the tax process. As a result of that, many people end up making unintentional mistakes that can draw the attention of the taxman. When this happens, the only person you can run to salvage the situation and save you from hefty fines is a tax lawyer.
A tax attorney is a professional who specializes in tax laws and can represent you in the court to prevent you from being jailed or fined.
If you’re a resident of San Diego, there are several reasons why you might need a qualified and experienced San Diego tax lawyer can help you;
1. Starting a business
Are you looking to start your own business, either a small business or a company? If yes, then it’s important to understand that there many factors that you need to consider, besides the startup capital. There are many requirements that you need to meet before starting your business and one of them is tax requirements.
Due to the complex nature of these laws, you need a San Diego tax lawyer to help you understand and comply with the laws. A tax lawyer will explain to you the the type of tax that’s applicable to your particular business whether a corporate or partnership business.
If you’re planning to start a large organization or company with employees, a tax attorney will guide you on how to protect your employee rights to stay in the right side of the law.
2. IRS Audit
Nothing frightens business owners than IRS audit. Even the slightest mistake in your books can cost you a lot. If you’re being audited by the IRS, its advisable to get an experienced tax lawyer to represent you while dealing with the tax man.
An experienced tax attorney will guide you through the entire audit process and even explain to you the possible outcome of the tax report. Also, the attorney will attend official hearings with the IRS on your behalf as well as court hearings in the event the matter becomes a lawsuit.
When you hire a tax lawyer, he or she negotiate with the auditors and reach a certain agreement in your favor. This way, you’ll avoid serious actions by the auditors such as a lawsuit or closure of your business.
So, it’s vital for business owners to have a tax lawyer on their side to help with the tax issues. Contact dallolawgroup.com to get a qualified and experienced tax attorney in San Diego.