Tax Audit in Marion, Iowa

Find the right Tax Audit attorney in Marion, IA

Tax Audit Lawyers in Marion

A "tax audit" in Iowa 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.

In Marion, Iowa, the process of a tax audit is typically not complicated. If you get a letter saying that you have been chosen for an audit, you should still take it seriously, however. The first thing you need to do is confirm that you are really being audited, because there are fraudsters who impersonate tax collectors, attempting to squeeze money out of innocent victims. When you receive such a letter, you should use the phone book or Internet to find the contact info for the government agency that the letter claims to be from, and contact them. Do not rely on any contact information provided in the letter, as it may direct you to the scammer, who will simply pretend to be a representative of the IRS.

After confirming that the audit you're facing is really legitimate, there are a few things you can do to prepare. First, you should assemble all of the appropriate documents you have in your possession. This should include your tax return, W-2 forms, and records of any expenses that you claim as deductions. You should bring these documents, and any others that the auditor requests, to the meeting. At the meeting, the auditor will ask you a number of questions, which you should answer honestly and to the best of your knowledge.

Reasons For a Tax Audit in Marion, Iowa

There are several reasons why the federal government, or the government of Iowa 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.

On the other hand, some taxpayers in Marion, Iowa are audited for a certain reason, rather than being drawn at random. If the tax authorities believe that you have underreported your income, that is a very recognized reason for a tax audit. For instance, if you claim on your tax return that you make ,000 per year, and, in the same year, purchase 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 frequent reason for tax audits in Marion, Iowa. 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 Marion, Iowa Tax Lawyer Help?

If you find yourself on the business end of a tax audit in Marion, Iowa, and you are sure that you have reported all of your income, and not claimed any invalid deductions, chances are you were just chosen at random for an audit, and you probably don't have any cause for concern, other than the inconvenience that an audit represents. If you are found to owe any back taxes, and your failure to pay in the past was the result of an honest mistake, you'll likely be afforded a chance to pay any taxes you owe from past years, with the possible addition of interest.

But, in more complicated cases, chances are you would be well-served by a tax lawyer in Marion, Iowa, to ensure that your tax audit goes smoothly.

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Life in Marion

Marion, Iowa is a city of about 35,000 people, located in Linn County, Iowa. The city was named after Francis Marion, a hero of the American Revolutionary War. It was the first county seat of Linn County, but that designation was later moved to Cedar Rapids.

Marion has a relatively high median household income for its region; about ,000. The percentage of its population living below the poverty line is much lower than the national average. It is currently about 5%.

Marion, Iowa is well known for its corn production, like much of Iowa. Marion, Iowa has two museums focusing on the history of there area.

Marion also hosts regular summer concerts in its parks, where residents can, free of charge, see musicians perform in the park. Marion, Iowa has many parks and recreational options for residents and visitors alike.

If you are looking for an attorney, and happen to live in Marion, Iowa, and are in need of a good attorney, you can probably find one. There are many Marion, Iowa attorneys who can handle a wide variety of cases.

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