Frequently Asked Questions
Why is my tax return being audited?
When you report wages or other forms of income that do not match what the
IRS has on file, you may receive a notice of correction. This is not an
audit, but simply a notice that asks you to explain the dissimilarities. When
you receive a notice via mail or phone stating a tax return is being audited,
it means something in your tax return caught the IRS' attention and
they need proof as to why said item was reported.
Can I disagree with the IRS's actions?
Depending on the situation, you may be able to
appeal IRS decisions. It is important to seek a local Georgia tax lawyer for assistance, however,
because certain types of appeals need to be filed by a specific date.
What do I need to do if I'm being audited?
If you have received a notice that you are being audited, you are most
likely feeling anxious and scared, but an audit doesn't have to be
daunting. As long as you have the documents you based your tax return
on-such as proof of your income and deductions-you should not have anything
to worry about.
What if I cannot pay the taxes I owe?
Even if you cannot pay the taxes you owe, it is imperative you file the
return on time with the amount of money you can pay. By doing such, you
can avoid a late filing penalty, which is extremely expensive. If you
cannot pay the remaining balance within a reasonable timeframe, there
are tax resolution options for which you may qualify. We can help determine
which resolution option you qualify for.
What is an offer in compromise?
If you file your tax return on time but still owe money, the IRS may be
willing to give you an offer in compromise. This means that they may be
willing to settle for less than what you owe, but you must meet the requirements
in order to file for an Offer in Compromise (OIC). The IRS receives nearly
100,000 OICs a year and rejects a majority of them. To ensure you have
a fair chance of receiving an OIC, contact us.
If you are experiencing tax problems and need assistance, please
contact our Georgia tax attorneys
today!