Tax Audit in Casper, Wyoming

Find the right Tax Audit attorney in Casper, WY

Tax Audit Lawyers in Casper

A "tax audit" is a procedure in Casper, Wyoming where a taxpayer's tax return is investigated in detail, to ensure that everything on it is accurate. There are many different reasons why you might be audited, but it's typically because there is something suspicious about your tax return. This doesn't necessarily mean that you did anything wrong; it just means that the tax authorities aren't clear about what is going on with your financial situation, and want to investigate further to clear things up, and ensure that nothing illegal has happened.

The procedure of being audited in Casper, Wyoming 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 have made sure that your audit is indeed real, you can do a few things to get ready for it. Most vitally, you should gather all of the documents that the auditor has asked for, as well as any additional documents and evidence that you think might help clear up any confusion about your tax return. You should bring these to the meeting with the auditor, and truthfully (to the best of your knowledge) answer all of the questions that the auditor asks.

Reasons For a Tax Audit in Casper, Wyoming

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

As mentioned earlier, you might get audited simply because you were chosen at random. If this is the case, and you know that your tax return was completely truthful, and have the documentation to back it up, you shouldn't have anything to worry about.

However if the IRS or other tax agency suspects actual wrongdoing by a Casper, Wyoming taxpayer, that's a different matter. There are several different reasons why a government might decide to audit a taxpayer. The most typical one is suspicion that they have underreported their income. If a taxpayer buys a considerable number of expensive luxury items, but reports little or no income on their tax returns, the government will definitely want to know where the money to buy all those things came from, and why it hasn't been declared as taxable income.

If you claim such a considerable number of deductions that your tax liability is unusually low, you may well be subject to an audit in Casper, Wyoming. A deduction is an allowable reduction in your taxable income, requiring you to pay taxes on a smaller portion of your income. Specific business expenses and charitable donations are customary sources of tax deductions. However, some people add invalid deductions to their tax returns to reduce their tax burden. If the IRS is suspicious about your deductions, you should make sure you have appropriate documentation to back them up.

How Can A Casper, Wyoming Tax Lawyer Help?

If you find yourself being audited in Casper, Wyoming, and are certain that you have done everything right in preparing your taxes, then the audit will probably be over quickly, with no penalties imposed. In cases like this, if anything is found to be wrong with your tax return, it is likely the result of an honest mistake, and the auditor will be aware of this, and will probably give you an opportunity to correct your mistake, without suffering any penalties, with the possible exception of being made to pay interest on any back taxes you owe.

However, there are times when an audit is conducted to investigate far more serious issues. If you find yourself facing allegations from the IRS of serious wrongdoing, and believe yourself to be innocent, you should pursue the advice of a Casper, Wyoming tax attorney immediately.

Talk to a Tax Law Attorney now!

Life in Casper

Casper is located in Natrona County, Wyoming. Surrounding areas include the Salt Creek Oil Field, Casper Mountain, Laramie Mountain Range and North Platte River. The city's nickname is "The Oil City" because it has a history of being known as an "oil boomtown."

Per the nickname, the economy greatly depends on oil. Crede oil was discovered in the 1890s in this region. Therefore, the top employer in the area is Sinclair Oil Corporation. Although not included in the top employers list, the legal force is also strong in Casper because there are many attorney-residents who actively practice and run small law offices. These offices provide personalized legal services and the attorneys are capable to handle every legal need of residents.

Popular attractions include the Fort Caspar Museum and Historic Site, the National Historic Trails Interpretive Center, Nicolaysen Art Museum, Tate Geological Museum, and Werner Wildlife Museum.

Overall, Casper is a wonderful place to visit and live!

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