Memphis Tax Attorney

Helping Clients Resolve Tax Disputes with the IRS

If you have received an audit letter from the IRS or owe more than $10,000 to the federal government, there is no need to panic. Many people understandably fear what can happen when the IRS intends to review their taxes. If you are in this position, you need a competent and experienced legal professional who can help you take on the IRS.

At Damiens Law Firm, PLLC, our IRS audit attorney in Memphis has the knowledge and skill it takes to handle any investigation into your finances by the federal government. If you wish to challenge the audit in federal tax court, we can also provide assistance in this manner.

For more information about our services, please get in touch with us today. When you call 601-957-9672 or contact us online, ask about scheduling a free initial consultation.

Why the IRS wants to audit your finances

For most people, the chances of getting audited by the IRS are actually very low. This means that sometimes getting tagged for an audit is a misfortune more than anything else. That said, there are several things that can happen on your tax return that may result in greater scrutiny from the IRS and potentially trigger an audit.

Some of these audit triggers include the following:

• Mathematical errors
• Using round numbers
• Claiming deductions for a home office
• Deducting an excessive number of business expenses
• Claiming an excessive number of donations
• Reporting an excessive amount of losses
• Failing to report a portion of your entire income

How tax audits are resolved

If the IRS is threatening to audit your finances, there are two ways to handle this, they include:

• First: Which is also appropriate in less serious situations. Send the IRS your paperwork in the mail for review.
• Second: Attend an in-person interview with an IRS agent. These are less common and only done when there is suspicion that the taxpayer has engaged in criminal activity, such as fraud.

In either scenario, it’s important to have legal representation ensure your rights are protected throughout the process.

An IRS audit attorney in Memphis can also help you prepare the paperwork the IRS wishes to review to help you demonstrate that the scrutiny against you is misplaced.

Tax audit penalties & consequences

If you don’t secure legal representation, you are at a greater risk of potentially severe consequences as a result of an IRS audit. The IRS may impose penalties against you that can end up costing you thousands or tens of thousands more than your original tax bill.

If you can’t pay these penalties, the IRS may:

• Garnish your wages
• Levy your bank accounts
• Place a lien against your property

Although relatively few IRS audits result in criminal charges, those that do typically involve:

• Filing a false return
• Failing to file a return
• Intentionally failing to pay your tax bill
• Tax evasion

You can be at risk of incurring these charges whether or not you intended to avoid your tax liability or deceive the IRS. A notification from the IRS that it will conduct an audit of your finances can be the first sign of unnecessary disruption in your life.

Consult with our IRS audit attorney in Memphis at Damiens Law Firm, PLLC to get the legal representation you need!

We offer free consultations

If you want a risk-free opportunity to learn about how an attorney can help you with your unique situation, reach out to Damiens Law Firm, PLLC for a complimentary consultation. During a confidential meeting with our attorney, you can tell us about what you’re up against and hear from us about the ways we may be able to help.

To schedule your free initial consultation, please contact us online or call (601) 871-6322.

Related articles

• What is a Tax Lawyer and What Are Their Responsibilities?