Tax Audit in Pueblo, Colorado

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Tax Audit Lawyers in Pueblo

A "tax audit" in Colorado is the process by which the proper tax authorities (either the IRS, at the federal level, or its state equivalent) investigate a tax filing in more detail than they do for ordinary filings, typically because there appears to be a discrepancy, or some other suspicious item, in somebody's tax returns. However, the IRS (and state tax authorities) sometimes do rounds of unexpected audits, where they audit taxpayers at random, without necessarily suspecting them of any wrongdoing.

The process of a Pueblo, Colorado tax audit is typically pretty straightforward. If and when you are faced with a tax audit, you'll receive a letter from the IRS, or its state equivalent, telling you that you're being audited. Nonetheless, you should not assume that this letter is authentic, because con artists will sometimes send fake audit letters to squeeze money out of innocent taxpayers. You should pursue independent confirmation of the letter's authenticity by searching the Internet for the name of the government agency in question, and contact them for more information.

After confirming that the letter informing you of your audit is authentic, there are various things you can do to prepare for your meeting with the auditor. The initial thing you need to do is call them and arrange to meet at a time that's mutually convenient. You should bring any documents and records that the auditor requests, as well as any proof that you think might be helpful in answering the auditor's questions. The auditor will ask you any questions that he or she believes will clear up whatever concerns they have with your return. You should answer all of these questions truthfully, as it is illegal to lie to a tax auditor.

Reasons For a Tax Audit in Pueblo, Colorado

There are plethora of reasons why Colorado's government, or the federal government, might conduct a tax audit.

As considered earlier, tax audits can be conducted at random. Apparently, the government doesn't have the resources to audit every taxpayer under their jurisdiction. But, by conducting a substantial number of random audits each year, taxpayers are, in theory, discouraged from cheating on their taxes, because they know that they might be audited randomly. If you are chosen for a random audit, and have done everything right, you almost definately have nothing to worry about.

But, some Pueblo, Colorado tax audits happen for a particular reason. This is typically because the IRS or your local tax authority suspects that you have not reported all of your income on your tax return. For instance, suppose that, last year, you bought an expensive new luxury car. But say you only claimed ,000 in total income that year. As you might imagine, the IRS is going to be quite interested in finding out where the money for that car came from, and, if you have enough money to buy it, why you aren't paying taxes on that money.

Likewise, attempting to deduct a large percentage of your income is likely to raise suspicions. A tax deduction is a way to lower one's tax liability by making some of one's income non-taxable. Some customary sources of tax deductions in Pueblo, Colorado are business expenses and charitable donations. Some people, nonetheless, try to include incorrect deductions in their tax returns (attempting to deduct charitable donations they never truly gave, for example). A wide number of deductions will be highly suspicious to the tax authorities, and they will want to see evidence to support every deduction you claim, if you're audited.

How Can A Pueblo, Colorado Tax Lawyer Help?

If you experience an audit in Pueblo, Colorado, and believe that you have properly reported all of your income on your tax filings, it will probably go fine. And if there is anything wrong with your filings, it was likely the result of an honest mistake, and auditors are generally sensitive to this fact. In such cases, the penalty is typically light. It will probably be little more than a requirement that you pay back taxes and interest.

However, there are some tax audits where the underlying facts are much more complicated than a simple misunderstanding. In these cases, a good tax attorney in Pueblo, Colorado may be necessary to ensure that the process is as painless as it can possibly be.

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Life in Pueblo

Pueblo is located Colorado and is the county seat for Pueblo County. It has a population of about 107,000 people and is situated near the Arkansas River. Pueblo, Colorado is a "Home Rule" or self-governing municipality. It is located in what is known as the "banana belt" region in Colorado. This region has much warmer climate than most of Colorado, with significantly less amounts of snow fall. As one of America's top producers of steel, Pueblo is often known as "the Steel City". The Federal Citizen Information Center is also located in Pueblo, Colorado and is one of the city's top employers. Pueblo is also considered Colorado's best location for solar energy and is an ideal location for solar power companies. The city is also called the "Home of Heroes", as a number of Medal of Honor recipients are from Pueblo.

Attractions in Pueblo, Colorado include the Rosemount Museum, the Pueblo Zoo, and Pueblo Motorsports Park. Recreational activities are abundant in Pueblo, with opportunities for disc golf, aquatics classes, and senior activities. Pueblo also has an extensive trail system that allows people to experience the region's lush outdoor environment. Other favorites include Friday Art Walks and downtown shopping.

Pueblo lawyers offer a variety of legal services and typically file their claims at the Pueblo Municipal Court. The Court has expanded its use of technology and computers to enhance its efficiency. Lawyers in Pueblo, Colorado are an important part of the city's social and communal life.

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