Tax Audit in Daytona Beach, Florida

Find the right Tax Audit attorney in Daytona Beach, FL

Tax Audit Lawyers in Daytona Beach

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 Daytona Beach, 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 essential 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 Daytona Beach, Florida

Tax Audits in Florida can happen for a wide variety of various reasons.

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

On the other hand, some taxpayers in Daytona Beach, 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 typical 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.

Claiming an unusually-high number of deductions is another common reason for tax audits in Daytona Beach, Florida. 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 Daytona Beach, Florida Tax Lawyer Help?

If you are audited in Daytona Beach, 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.

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

Talk to a Tax Law Attorney now!

Life in Daytona Beach

Daytona Beach, Florida is known to many as a beautiful location to visit. Daytona Beach is a city located in Volusia County, Florida. What the beaches of Daytona are known for are its "hard packed" sand, which allows cars to smoothly drive on it. Therefore, tourists come to Daytona Beach year round for motorsports.

Daytona Beach's most popular attractions include ones that cater to motor sports, such as the Old Daytona Beach Roda Course, the Daytona International Speedway, and the Grand American Road Racing Association headquarters. Daytona Beach is also the headquarters for NASCAR. Each year, Daytona has Speedweeks, a race in early February where over 200,000 NASCAR fans come and attend the opening of Daytona 500. Other popular racing events include the NASCAR Coke Zero 400, Bike Week, Biketoberfest, and the Rolex 24 Hours of Daytona.

Being such a tourist attraction, a major part of the city's economy is tourism. The other main industry is manufacturing. Large corporations with a presence in Daytona Beach include Halifax Health, International Speedway Corporation, Gambro-Rental Products, Ladies Professional Golf Association, NASCAR, and SunTrust Bank. To handle the legal issues of these corporations, Daytona Beach is home to many law firms that train very capable attorneys. Therefore, corporations remain assured that any of their legal inquiries can be handled by the legal force in Daytona Beach.

Clients Rate LegalMatch Attorneys
(click to read reviews)

Joel C.
Joel C.

Tax Law

Davidson, TN

Edwin L.
Edwin L.

Tax Law

Fayette, TN

Tax Defense N.
Tax Defense N.

Tax Law

Ohio, TN