Tax Audit in Littleton, Colorado

Find the right Tax Audit attorney in Littleton, CO

Tax Audit Lawyers in Littleton

A "tax audit" in Colorado is the process by which the relevant 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, usually 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 unexpected audits, where they audit taxpayers at random, without necessarily suspecting them of any wrongdoing.

The process of a Littleton, Colorado tax audit is usually 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. Nonetheless, 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 seek 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.

After confirming that the letter informing you of your audit is authentic, there are several things you can do to prepare for your meeting with the auditor. The initial thing you need to do is call them and arrange to meet at a time that's mutually convenient. You should bring any documents and records that the auditor requests, as well as any proof that you think might be helpful in answering the auditor's questions. The auditor will ask you any questions that he or she believes will clear up whatever issues they have with your return. You should answer all of these questions truthfully, as it is illegal to lie to a tax auditor.

Reasons For a Tax Audit in Littleton, Colorado

There are plethora of reasons why Colorado's government, or the federal government, might conduct a tax audit.

As mentioned above, an audit can happen simply because a person was chosen for an audit at random. If you are randomly chosen for a tax audit, and you have been honest and diligent in preparing your tax documents, it will probably be a quick, painless process, and you likely don't have anything to worry about.

On the other hand, there are also specific reasons why the tax authorities in Littleton, Colorado 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 particular 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 typical to be audited in Littleton, Colorado if you claim a wide number of deductions. A tax deduction is simply a legal subtraction from one's taxable income. Various 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 Littleton, Colorado Tax Lawyer Help?

If you are audited in Littleton, Colorado, and believe that you have done everything right in preparing and filing your tax return, you likely don't have much to worry about. If there is anything wrong with your tax return, it was likely 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 perplexing 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 Littleton, Colorado tax attorney as soon as possible, to help make sure that your tax audit goes smoothly.

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Life in Littleton

Littleton, Colorado is a home-rule municipality, which serves as the county seat of Arapahoe County. It has a population of approximately 40,000 people.

Littleton is a suburb of Denver, the largest city in Colorado. Among professionals who work in Denver, Littleton is a popular place to live, because it is seen as a quiet, friendlycommunity.Littleton traces its history back to 1859, with the Pike's Place gold rush. The Little family (for whom the town is named)established a flour mill, which provided a solid economic base for the city's continued growth.

However, Littleton, Colorado is perhaps best known for its association with the 1999 shooting at Columbine High School. Early media reports erroneously reported that the school was in Littleton, but it is actually located outside the city limits.

Littleton, Colorado is a fairly affluent community, with a relatively high median household income, and a low percentage of the population living below the poverty line.

If you live in Littleton, Colorado and need an attorney, it's highly likely that you'll be able to find a good Littleton, Colorado lawyer. Littleton,Coloradolawyers are well-trained and competent, and can probably handle whatever legal problem you might have.

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