Tax Audit in Camarillo, California
A "tax audit" in California is the process by which the appropriate 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, normally 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 random audits, where they audit taxpayers at random, without necessarily suspecting them of any wrongdoing.
The process of a Camarillo, California tax audit is normally 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. However, 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 obtain 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.
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 normally 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 Camarillo, California
There are many reasons why the federal government, or the government of California may want to audit a taxpayer.
As discussed earlier, tax audits can be conducted at random. Evidently, the government doesn't have the resources to audit every taxpayer under their jurisdiction. But, by conducting a considerable 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 certainly have nothing to worry about.
But, some Camarillo, California tax audits occur for a certain reason. This is normally because the IRS or your local tax authority suspects that you have not reported all of your income on your tax return. For example, suppose that, last year, you bought an expensive new luxury car. But say you only claimed $25,000 in total income that year. As you might imagine, the IRS is going to be extremely 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.
Another frequent reason for tax audits in Camarillo, California is when a taxpayer claims a large number of deductions. A deduction is simply a legally-authorized subtraction from a person's taxable income. For instance, charitable donations can be deducted from one's income in the full amount of the donation. However, 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.
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How Can A Camarillo, California 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 Camarillo, California. 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 probably just be made to pay the balance due, plus a minimal bit of interest, without incurring any additional penalties.
However, there are some tax audits where the underlying facts are much more difficult than a simple misunderstanding. In these cases, a good tax attorney in Camarillo, California may be necessary to ensure that the process is as painless as it can possibly be.
Tax Audit Attorneys in the Largest CA Cities
Life in CamarilloSituated in sunny Ventura County, Camarillo, California is a city of about 65,000 (based a 2006 estimate). Camarillo, California is named for two brothers of Spanish descent who lived in the area before the arrival of Anglo settlers, from the Eastern U.S. They, and other "Californios," helped preserve some of the region's Spanish heritage, in the face of the mostly English influence that settlers from other parts of the U.S. brought with them.
Humans have lived in the area for over 10,000 years, and Camarillo, California is home to some important archeological sites relating to these ancient inhabitants. Camarillo, California is generally considered a "bedroom community" - a largely residential urban area from which most of the residents commute to work.
Camarillo, California is considered very livable, where the weather is usually sunny, and the temperatures mild. Furthermore, Camarillo, California's crime rates are far lower than the national average, for all types of crime.
Camarillo, California is also home to California State University, Channel Islands. The region is home to several major industrial and biotechnology firms.
It should come as no surprise, then, that the consumers of Camarillo's legal services tend to be fairly sophisticated. This draws in lawyers who are good at handling complex cases. This means that a Camarillo, California lawyer can probably handle just about any legal issue an individual is likely to encounter.
Whatever your legal issue, it's a near certainty that there's a Camarillo, California lawyer who can help you solve it.