Understanding A Post-audit Appeal-cibi

Legal According to John Monkman, a Palm Springs tax lawyer at Monkman Law, a post-audit appeal is a very sophisticated tax maneuver that very few taxpayers are ever able to take advantage of. By going through with a post-audit appeal, Monkman has been able to significantly reduce the amount that many of his clients have had to pay to the IRS. Experienced Tax Lawyer By working with an attorney such as myself on all tax matters, a person can actually reduce his or her chances of ever being audited by the IRS or a state tax agency. Thats because a tax attorney knows which deductions to claim and which to avoid, and he can provide guidance on any shelters or other methods of protecting your assets from the federal government. However, if you are selected for an audit by the IRS, then I strongly advise finding an attorney with expertise in that legal area. As a tax lawyer in Palm Springs, I have worked with countless clients who were given audit notices by the IRS. Not only will I go over all auditing steps with each clientto prepare him for the situationbut I will do everything else within my power to make sure the audit goes smoothly. Unfortunately, instead of taking that advice, some individuals will inevitably attempt to go through audits on their own. Doing so can result in unfavorable outcomes, but even if that happens, the situation may not be completely lost. If you have gone through an audit and now owe thousands of dollars, I recommend contacting an attorney like myself and finding out what options are available in your particular case. For many, a post-audit appeal may be the next step in overturning an auditors findings. One Post-Audit Appeal Case Basically, a post-audit appeal is when a tax attorney, or his client, asks a judge to reconsider an IRS auditors ruling in a tax case. In order to explain how a post-audit appeal case would work, I tell the story of a past client I worked with. This client failed to pay his taxes for years on end, and then wound up with an auditor who would not sign his tax payment extension. As a result, this person ended up owing about a million dollars in taxes. It was at this point that the client called me for advice. In an attempt to help the client, I contacted a tax advocate and asked that my new client be granted a reconsideration. As a result of the reconsideration request, I was able to have an advocate look at my clients tax returns and statements once again. Because I had straightened out the clients tax documents out by that point, and filed for all of the correct deductions and credits, the advocate was willing to reduce my clients tax liability from more than $1 million down to just $30,000. The actual tax liability was $75,000, but since he had already been making payments in the meantime, all he had to pay off in the end was the last $30,000. In my experience, however, this case is extreme and not every case is as exaggerated. Most tax cases dont result in people being able to knock $900,000 off of their tax bills. Not only that, but sometimes the smaller tax cases are harder to overturn than the larger ones. Still, knowing the right keywords to use and what to ask the IRS for can go a long way in being able to lessen the amount that one owes. My Experience I have been very successful in these types of appeals, although people should never get too overly optimistic about the outcome of any appeals process. At Monkman Law, we havent been successful in every case, but most of the time we are pretty successful. While I am an accountant and a lawyer, but not a CPA, I have been working on tax-related cases since the 1970s. Through the years, I have worked with many highly compensated professionals, which is how I have been able to gain such a strong understanding of how the system works. In the Palm Springs area, I have become the go-to tax lawyer for settling debts and negotiating payment schedules for all types of clients. For individuals and families who disagree with IRS findings in tax audit situations, I recommend calling my office for help. In just a matter of days, I can usually start answering peoples questions and helping them reduce their overall tax liabilities. This article is for informational purposes only. You should not rely on this article as a legal opinion on any specific facts or circumstances, and you should not act upon this information without seeking professional counsel. Publication of this article and your receipt of this article does not create an attorney-client relationship. About the Author: 相关的主题文章: