Tax Audit in Boca Raton, Florida

Find the right Tax Audit attorney in Boca Raton, FL

Tax Audit Lawyers in Boca Raton

A "tax audit" in Florida 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 actual process involved in a tax audit in Boca Raton, Florida is usually fairly straightforward. If you hare chosen for an audit, you will receive a letter in the mail telling you as much. Before responding, it's critical for you to make sure that the letter is authentic, because there are scammers who send fake audit letters to innocent victims, in an attempt to extort money out of them. You should search the Internet for the name of the organization that the letter claims to represent, and call them using the contact information on their website, and confirm that you are actually being audited.

Once you have confirmed that your audit is authentic, you will be obligated to meet the auditor at an agreed-upon time and place. The auditor will usually inform you about what documents and other proof 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 Boca Raton, Florida

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

As considered earlier, tax audits can be conducted at random. Obviously, the government doesn't have the resources to audit every taxpayer under their jurisdiction. But, by conducting a significant 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 definately have nothing to worry about.

On the other hand, some taxpayers in Boca Raton, Florida are audited for a specific reason, rather than being drawn at random. If the tax authorities believe that you have underreported your income, that is a very frequent reason for a tax audit. For example, if you claim on your tax return that you make ,000 per year, and, in the same year, buy an expensive luxury item, the tax authorities will wonder where you got that extra money, and why you're not paying taxes on it.

Likewise, attempting to deduct a large percentage of your income is likely to raise suspicions. A tax deduction is a way to lower one's tax liability by making some of one's income non-taxable. Some common sources of tax deductions in Boca Raton, Florida are business expenses and charitable donations. Some people, nonetheless, try to include incorrect deductions in their tax returns (attempting to deduct charitable donations they never actually gave, for example). A wide number of deductions will be highly suspicious to the tax authorities, and they will want to see evidence to support every deduction you claim, if you're audited.

How Can A Boca Raton, Florida Tax Lawyer Help?

If you are audited in Boca Raton, Florida, 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, in more complicated cases, chances are you would be well-served by a tax lawyer in Boca Raton, Florida, to ensure that your tax audit goes smoothly.

Talk to a Tax Law Attorney now!

Life in Boca Raton

Boca Raton is located in the popular area of Palm Beach County, Florida. Approximately 200,00 people call Boca Raton home. Surrounding popular areas include West Palm Beach and Pompano Beach. What makes Boca Raton so wonderful to live in is the geography. It is seen as one of the best places to live in South Florida, because it is very metropolitan, a favorite of young, single professionals, and filled with high rises and beautiful living with water views.

Top employers in the area include The Continental Group, IBM, National Council on Compensation Insurance, Boca Raton Resort, Florida Atlantic University, and the city itself. Many top tier law firms are located around Boca Raton. Small to mid size law firms also have offices in or near Boca Raton. All in all, alongside the many industries listed as top employers, the legal industry also havea strong presence and significantly serves residents of Boca Raton.

Some famous residents of Boca Raton include Jeff Gordon, Keith Byars, Jon Bon Jovi, Ernst Borgnine, Jeanne Bice, Paul Newman, and Pete Rose.

All in all, Boca Raton is a paradise of a place to live in!

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