Having a tax attorney to represent you during an IRS audit can be an invaluable asset. These professionals are adept at helping you understand the ins and outs of the complex tax code, thereby ensuring you get the largest refund possible. Moreover, these individuals can also help you take advantage of all available deductions and exemptions.
The Internal Revenue Service, or IRS, is a bureau of the Department of Treasury that is responsible for collecting taxes from businesses and individuals. Its main job is to audit individuals and businesses to ensure they are paying their fair share of taxes. The IRS has been known to place lien on assets and garnish wages. An experienced Los Angeles tax attorney can assist you with a wide range of tax related issues, from the most basic to the most complex.
The best way to save money is to file your taxes in a timely manner. Unfortunately, many people tend to neglect the small details when it comes to their taxes. This can lead to costly mistakes and penalties. An IRS tax attorney in Los Angeles can help you avoid penalties and stay in compliance with the law.
The first step to filing a tax return is to gather all your financial documents. These include receipts, W-2s, and 1099s. Additionally, if you have an LLC or S-Corp, you may need to submit payroll tax receipts to the federal government. The IRS can also place a lien on your property if you owe more than $10,000 in back taxes. The Tax Attorney Los Angeles IRS can also garnish your wages, which can have a disastrous impact on your finances.
It’s also important to mention that the IRS does not allow tax attorneys to represent you on all matters, but that doesn’t mean you have to do it on your own. A savvy IRS tax attorney in Los Angeles can help you structure your company in a tax efficient manner, as well as resolve any disputes you may have with the IRS. They can also advise you on when to file an Offer in Compromise.
The streamlined disclosure program is an interesting piece of legislation that can help you better understand your tax obligations as a foreigner. However, you should seek the counsel of an experienced tax attorney in Los Angeles to see if you qualify for a streamlined application. This can save you thousands of dollars in fees and other tax related expenses.
Finally, the IRS has recently implemented a new and improved tax calculator that helps you calculate your deductions and credits. However, the calculator isn’t always accurate. It’s best to use an experienced Los Angeles tax attorney who is familiar with all aspects of the IRS tax code to make sure you’re maximizing all your tax breaks.
In addition to these benefits, hiring an IRS tax attorney in Los Angeles can help you keep your costs down and stay in compliance with the law. The best part is, these experts can save you time, money, and heartache.
Semper Tax Relief
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