Tax Audit in Berwyn, Illinois

Find the right Tax Audit attorney in Berwyn, IL

Tax Audit Lawyers in Berwyn

A "tax audit" in Illinois 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 random audits, where they audit taxpayers at random, without necessarily suspecting them of any wrongdoing.

In Berwyn, Illinois, the process of a tax audit is generally not difficult. 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 actually 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.

Once you have made sure that your audit is indeed real, you can do a few things to get ready for it. Most importantly, you should gather all of the documents that the auditor has asked for, as well as any additional documents and evidence that you think might help clear up any confusion about your tax return. You should bring these to the meeting with the auditor, and truthfully (to the best of your knowledge) answer all of the questions that the auditor asks.

Reasons For a Tax Audit in Berwyn, Illinois

There are plenty of reasons why Illinois'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.

However, some people in Berwyn, Illinois are audited because the government suspects that they are underreporting their income. For example, if you report that you only make ,000 per year, and then go out and buy an expensive sports car, the IRS and state tax authorities are going to want to know where the money to buy that car came from.

If you claim such a large number of deductions that your tax liability is unusually low, you may well be subject to an audit in Berwyn, Illinois. A deduction is an allowable reduction in your taxable income, requiring you to pay taxes on a smaller portion of your income. Certain business expenses and charitable donations are common sources of tax deductions. However, some people add invalid deductions to their tax returns to reduce their tax burden. If the IRS is suspicious about your deductions, you should make sure you have proper documentation to back them up.

How Can A Berwyn, Illinois Tax Lawyer Help?

If you find yourself being audited in Berwyn, Illinois, and are certain that you have done everything right in preparing your taxes, then the audit will probably be over quickly, with no penalties imposed. In cases like this, if anything is found to be wrong with your tax return, it is likely the result of an honest mistake, and the auditor will be aware of this, and will probably give you an opportunity to correct your mistake, without suffering any penalties, with the possible exception of being made to pay interest on any back taxes you owe.

However, if the situation is more difficult, you may need to hire a Berwyn, Illinois tax attorney. A tax attorney can help you through your audit, and make sure it goes as smoothly as possible.

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Life in Berwyn

Berwyn is located in Cook County in the state of Illinois. It has a population of 54,000 and was formed in the year 1908. It is frequently co-listed with Berwyn Township.

Berwyn is known for being the fastest-growing suburb in Illinois. It is noted for having the largest collection of Chicago-style brick two story bungalows in the United States. The city boasts a growing arts community due to its Arts Council and top notch entertainment and music venues. It also has a professional equity theater in operation. Berwyn has become a haven for artists who are seeking a vibrant alternative to downtown Chicago.

Other attractions in Berwyn include the widely celebrated Houby Day Parade and the Fall Mushroom Harvest, both of which are held annually. An annual vintage car parade called "Cartopia" is held wherein Berwyn residents can showcase their prized automobiles.

Lawyers in Berwyn, Illinois practice in a variety of legal fields. Specifically, many Berwyn lawyers focus on finance and investment law. This is because the Cermak Road area has been nicknamed the "Bohemian Wall Street", since it contains a large number of savings and loans institutions. Berwyn has been reported to have the highest concentration of financial and lending institutions in the entire world.

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