Tax Audit in Peachtree City, Georgia

Find the right Tax Audit attorney in Peachtree City, GA

Tax Audit Lawyers in Peachtree City

A "tax audit" in Georgia is the process by which the proper 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, typically 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 actual procedure involved in a tax audit in Peachtree City, Georgia is typically 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 crucial 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 truly being audited.

After confirming that the letter informing you of your audit is authentic, there are various things you can do to prepare for your meeting with the auditor. The first 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 evidence 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 concerns 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 Peachtree City, Georgia

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

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

However if the IRS or other tax agency suspects actual wrongdoing by a Peachtree City, Georgia taxpayer, that's a different matter. There are several different reasons why a government might decide to audit a taxpayer. The most typical one is suspicion that they have underreported their income. If a taxpayer buys a considerable number of expensive luxury items, but reports little or no income on their tax returns, the government will definitely want to know where the money to buy all those things came from, and why it hasn't been declared as taxable income.

Claiming an unusually-high number of deductions is another prevalent reason for tax audits in Peachtree City, Georgia. A tax deduction is some expenditure that you can subtract from your taxable income, thereby reducing your tax liability. If you claim such a massive 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 valid.

How Can A Peachtree City, Georgia Tax Lawyer Help?

If you experience an audit in Peachtree City, Georgia, 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 typically light. It will probably be little more than a requirement that you pay back taxes and interest.

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

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Life in Peachtree City

Peachtree City plays host to 35,000 Fayette County residents. The population is expected in increase drastically with the formal annexation of an adjacent unincorporated area of Coweta County known as "the West Village." Annexation or not, Peachtree City is one of the best places to live in the United States. The city offers over ninety miles of road dedicated solely to golf cart traffic. Over 25% of Peachtree City residents own a golf cart making it a very popular method of transportation. The city allows unaccompanied 15-year olds to operate the carts alone as long as they have a learner's permit. Peachtree City is known widely as the location of a National Weather Service radar station from which the Weather Forecast Office broadcasts. Most recently, Peach tree city ranked 8th on Money Magazine's 100 best places to live. It's the second time. Peachtree City additionally won the Tree City USA title from the Arbor Day Foundation.

Peachtree City is also a bustling center of commerce with Panasonic Automotive Systems Company of America which is a major supplier of automotive electronics, the long time local company named Cooper Lighting, and Avery Dennison which manufacturers paper products and adhesives. As such a standout city, you shouldn't be surprised to find out there are a number of local Peachtree City lawyers. Lawyers in Peachtree City are acquainted with local Fayette County and Georgia State court procedures.

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