Tax Audit in Cheyenne, Wyoming

Find the right Tax Audit attorney in Cheyenne, WY

Tax Audit Lawyers in Cheyenne

A "tax audit" is a procedure in Cheyenne, 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 usually 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 Cheyenne, Wyoming is usually 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 prepared for it. Most notably, you should collect all of the documents that the auditor has asked for, as well as any further 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 Cheyenne, Wyoming

There are numerous different reasons why the federal government, or the tax authorities of Wyoming 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 honest on your tax returns, it's unlikely that you'll have much to worry about.

Nonetheless, some people in Cheyenne, Wyoming are audited because the government suspects that they are underreporting their income. For instance, if you report that you only make ,000 per year, and then go out and buy an expensive sports car, the IRS and state tax authorities are going to want to discover where the money to buy that car came from.

Claiming an unusually-high number of deductions is another common reason for tax audits in Cheyenne, Wyoming. A tax deduction is some expenditure that you can subtract from your taxable income, thereby reducing your tax liability. If you claim such a large number of deductions that your tax liability has been reduced to almost nothing, the IRS will probably want to make sure that all of these deductions are legitimate.

How Can A Cheyenne, Wyoming Tax Lawyer Help?

If you experience an audit in Cheyenne, Wyoming, 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 usually light. It will probably be little more than a requirement that you pay back taxes and interest.

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

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Life in Cheyenne

Cheyenne is the capital of Wyoming. It is located in Laramie County and is home to around 60,000 people. Neighboring areas include Crow Creek and Dry Creek.

Top employers include Great Lakes Airlines, Taco John's Headquarters, Wyoming Financial Center, Lowe's, Wal-Mart, Sierra Trading Post, Vestas, and Laramie County Community College.

Cheyenne is home to attorneys who actively practice and tend to the legal needs of residents. For complex legal cases, these attorneys refer their clients, both residents and corporations, to law firms in neighboring areas. All in all, the legal needs of residents and local businesses are catered to.

Some popular attractions in the city include Wyoming State Museum, Cheyenne Little Theatre Players, Cheyenne Frontier Days Old West Museum and the Wyoming Transportation Museum.

Popular faces associated with Cheyenne in one way or another include Curt Gowdy, Richard V. Thomas, Dan Zwonitzer, Sammy Davis Jr., Chris Ledoux, and Neil Diamond.

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