Tax Audit in Independence, Missouri

Find the right Tax Audit attorney in Independence, MO

Tax Audit Lawyers in Independence

A "tax audit" is a procedure in Independence, Missouri where the tax authorities investigate a taxpayer's (whether the taxpayer is a person or corporation) filings when it looks like there's some kind of discrepancy. However, many state and federal tax audits are the result of random selection, when the authorities don't necessarily think that a taxpayer has deliberately evaded their taxes.

In Independence, Missouri the procedure of being audited is relatively simple. If you are chosen to be audited, you will receive a letter in the mail telling you as much. It's important to verify the authenticity of this letter, because sometimes con-artists will pose as tax authorities, and conduct fake audits of unsuspecting taxpayers, then claim that they owe the government more money. If the victim pays, the scammer takes the money and runs. To verify that a letter is authentic, you should contact the nearest branch of the relevant tax authority. Do not simply call the number provided to you in the letter, since it will probably lead to the scammer. Use a phonebook or the Internet to find the actual number you should call.

Once you have confirmed that your audit is authentic, you will be required to meet the auditor at an agreed-upon time and place. The auditor will usually inform you about what documents and other evidence you need to take to the meeting. At the meeting, they will ask you a long series of questions about your taxes, to clear up the thing they're uncertain about.

Reasons For a Tax Audit in Independence, Missouri

There are several different reasons why the federal government, or the tax authorities of Missouri might decide that a tax audit is warranted in your case.

A taxpayer can be chosen for an audit at random, even if the tax authorities don't suspect any wrongdoing. The idea behind these random audits is to keep taxpayers on their toes. So, if you are audited for this reason, and know that you've done everything properly in filing your taxes, you will probably be fine.

On the other hand, there are also specific reasons why the tax authorities in Independence, Missouri might want to conduct a tax audit. The most common reason for a tax audit is suspicion that a taxpayer has not reported all of the income they earned in a given year. This suspicion often arises when a taxpayer buys a large number of expensive luxury items, but only claims a small amount of income on their tax return. Obviously, the tax man will be very interested in learning where someone who is claiming a minimum-wage level income on their taxes got the money to buy a sports car.

It is also common to be audited in Independence, Missouri if you claim a massive number of deductions. A tax deduction is simply a legal subtraction from one's taxable income. Several different expenses, including charitable donations, interest paid on mortgages, and others, are deductible from one's taxes. If you claim so many deductions that you have negated almost all of your tax liability, you can bet that the government is going to be suspicious.

How Can A Independence, Missouri Tax Lawyer Help?

If you are audited in Independence, Missouri, and believe that you have done everything right in preparing and filing your tax return, you probably don't have much to worry about. If there is anything wrong with your tax return, it was probably the result of an honest mistake, which will result in light penalties - usuallyy just an order to pay any back taxes you owe, plus interest.

But, there are some tax audits that are far more confusing and serious than a tax return having a few more deductions than usual. If this is the situation you're in, you should contact an Independence, Missouri tax attorney as soon as possible, to help make sure that your tax audit goes smoothly.

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Life in Independence

Independence, Missouri was home to former President Harry S. Truman. Not surprisingly, the city has lots to offer to show the life and times of the loved president. In Independence, a visitor can ride the "Truman Trolley", tour his old street, visit the soda fountain on Main street where Truman had his first job,see where he went to school, and other presidential points of interest.

Independence isthe fourth largest city in the entire state of Missouri and home to over 100,000 residents-- also making it the 20th largestcity in the United States. Independence was founded in 1827 and also serves as the headquarters for the Latter Day Saints Movement and played a major role in the development of this religion. There are also many great public and private schools located in Independence, making the city a great place to raise children.

Independence hasa lot ofCivil War History that provides its residents and visitors with plenty historial sites to admire. Museums, sporting events, and cultural sites make Independence a great place to visit and live. Independence is also home to many talented lawyers. Independence lawyers are skilled in a range of legal specialities and able to help their clients with any legal issue they may find themselves confronted with.

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