Tax Audit in Greensboro, North Carolina

Find the right Tax Audit attorney in Greensboro, NC

Tax Audit Lawyers in Greensboro

A "tax audit" is a procedure in Greensboro, North Carolina 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.

The procedure of being audited in Greensboro, North Carolina is typically pretty simple. If and when the tax authorities decide to audit you, they'll send you a letter in the mail detailing what's about to happen. If you receive such a letter, it's extremely important that you make sure it's authentic. Sometimes, scam artists will send fake audit notices to people, claiming that they owe the government money. They will then collect their "taxes" and disappear. You should do an internet search for the name of the tax authority that the letter claims to represent, and call them to verify that you are being audited.

Once you receive the letter, and confirm its authenticity, you will have to meet with an auditor at the time and place stated in the letter, and subsequent communications with the auditor. The auditor will tell you what documents and records you need to bring to the meeting. They will then ask you some questions to clear up whatever discrepancy they found in your tax return.

Reasons For a Tax Audit in Greensboro, North Carolina

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

As considered earlier, an audit might happen due to a taxpayer being randomly selected. If this happens to you, and you have been forthright on your tax returns, it's unlikely that you'll have much to worry about.

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

Another typical reason for tax audits in Greensboro, North Carolina is when a taxpayer claims a large number of deductions. A deduction is just a legally-permitted subtraction from a person's taxable income. For example, charitable donations can be deducted from one's income in the full amount of the donation. Nonetheless, if a person claims a very large number of deductions, to the point that they claim little or no tax liability, the tax authorities are going to take a closer look.

How Can A Greensboro, North Carolina Tax Lawyer Help?

If you end up being tax audited, and you believe that you have not engaged in any wrongdoing, it's likely that you've been chosen randomly for an audit in Greensboro, North Carolina. If this is the case, you shouldn't be worried. If you are found to have made a mistake on a past tax return, and paid less than you owed, you'll likely just be made to pay the balance due, plus a slight bit of interest, without incurring any additional penalties.

But, in more confusing cases, chances are you would be well-served by a tax lawyer in Greensboro, North Carolina, to ensure that your tax audit goes smoothly.

Talk to a Tax Law Attorney now!

Life in Greensboro

Greensboro, North Carolina has many wonderful sights and attractions for everyone to enjoy. For those who really want to experience the culture of Greensboro, there is more than enough to see. Greensboro is filled with art galleries such as the Tyler White Gallery, Irene Cullis Gallery and the University of North Carolina's AT State University Gallery. Other cultural attractions include the Greensboro Symphony Hall, Livestock Players Musical Theatre, the International Civil Rights Center Museum, and the Greensboro Historical Museum.

For those who enjoy some history along with culture, Greenboro has many attractions that serve an educational purpose by displaying the area's rich history. These attractions include the Natural Science Center, Tannenbaum Historic Park, Bicentennial Garden David Caldwell Historic Park, The Greensboro Arboretum, and War Memorial Stadium. As you can see, each attraction in Greensboro includes a rich sense or culture or history. Greensboro therefore guarantees that no visitor leave without being touched with the area's rich culture and historical background.

Greensboro is also home to many prestigious law firms whose practices include all areas of law, from criminal defense, to environmental, to corporate. Therefore, the residents of Greensboro are ensured that their legal needs will be met by intelligent, reliable, and experienced lawyers capable of handling any legal matter.

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