IRS Examination and Audits
When are IRS examinations and audits conducted?
An examination or audit can be conducted by the Internal Revenue Service
at any time if there are sufficient indicators to suggest that the individuals'
taxes may not be in line. These procedures usually consist of a very in-depth
research of the individuals' financial records, assets, and any other
information that may lend some insight into the true financial well-being
of the person. There are a number of actions that the IRS may take if
it determined that the individual is in violation of tax laws, up to and
including prison time for certain infractions. It is wise to seek the
services of an intelligent San Jose estate planning lawyer who understands
tax laws and can help.
In the event of an audit or IRS examination, it is critical to be able
to produce the right documentation that proves both purchase and the value
of the item. A diligent IRS auditor may pour through receipts to build
an accurate picture of your spending habits as well as your ability to
make money. In most cases, it is not uncommon to be found guilty of some
type of tax violation, and the IRS will surely seek to issue a penalty for the
tax controversy which can range anywhere from a small fine to substantial financial penalties.
Effective Examination and Audit Defense Representation
Defending against an audit or IRS examination can be a very difficult tax,
but the legal professionals at
WealthPLAN have consistently achieved victories against the IRS in terms of elimination
of charges, or serious reduction in penalties. The firm combats the tireless
research of the IRS with their own measure of focus and determination
to provide their clients with the very best IRS audit defense. They have
successfully won cases or drastically minimized penalties for the vast
majority of their clients and look forward to serving your tax controversy
issues in the future.
Contact a San Jose estate planning lawyer
if you are experiencing a difficult IRS examination or audit and would
like to discuss your options.