Tax Audit in Orland Park, Illinois

Find the right Tax Audit attorney in Orland Park, IL

Tax Audit Lawyers in Orland Park

In Orland Park, Illinois, a "tax audit" is a procedure in which the IRS or local tax authorities conduct an investigation of a taxpayer's tax filings, looking at them in more detail than they ordinarily do. Typically, they do this because there is something suspicious in the tax return. State and federal tax authorities also do a some number of random audits each year, without necessarily suspecting that an individual auditee has done anything wrong.

In Orland Park, Illinois the procedure of being audited is relatively simple. If you are chosen to be audited, you will receive a letter in the mail telling you as much. It's important to verify the authenticity of this letter, because sometimes con-artists will pose as tax authorities, and conduct fake audits of unsuspecting taxpayers, then claim that they owe the government more money. If the victim pays, the scammer takes the money and runs. To verify that a letter is authentic, you should contact the nearest branch of the relevant tax authority. Do not simply call the number provided to you in the letter, since it will probably lead to the scammer. Use a phonebook or the Internet to find the actual number you should call.

After confirming that the audit you're facing is truly legitimate, there are a few things you can do to prepare. Initially, you should assemble all of the proper 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 list of questions, which you should answer honestly and to the best of your knowledge.

Reasons For a Tax Audit in Orland Park, Illinois

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

As considered earlier, an audit might happen due to a taxpayer being randomly selected. If this happens to you, and you have been forthright on your tax returns, it's unlikely that you'll have much to worry about.

But, some Orland Park, Illinois tax audits happen for a particular reason. This is typically because the IRS or your local tax authority suspects that you have not reported all of your income on your tax return. For instance, suppose that, last year, you bought an expensive new luxury car. But say you only claimed ,000 in total income that year. As you might imagine, the IRS is going to be quite interested in finding out where the money for that car came from, and, if you have enough money to buy it, why you aren't paying taxes on that money.

If you claim such a considerable number of deductions that your tax liability is unusually low, you may well be subject to an audit in Orland Park, Illinois. A deduction is an allowable reduction in your taxable income, requiring you to pay taxes on a smaller portion of your income. Specific business expenses and charitable donations are customary 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 appropriate documentation to back them up.

How Can A Orland Park, Illinois Tax Lawyer Help?

If you end up being tax audited, and you believe that you have not engaged in any wrongdoing, it's likely that you've been chosen randomly for an audit in Orland Park, Illinois. If this is the case, you shouldn't be worried. If you are found to have made a mistake on a past tax return, and paid less than you owed, you'll likely just be made to pay the balance due, plus a slight bit of interest, without incurring any additional penalties.

Nonetheless, if the situation is more difficult, you may need to hire an Orland Park, 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 Orland Park

Orland Park is located in Cook County, Illinois. It has a population of around 56,676 people. Interestingly, in 2006 Orland Park was awarded the title of being the "45th Best Place to Live in America" by Money Magazine. It is 25 miles southwest of Chicago.

Famous residents include John Cangelosi, Brad Fiorenza, Justin Hartley, Brian McBride, Bill Rancic, Pat Fitzgerald, Dan Hampton, Steve Martinson, and Shannon McDonnell.

Orland Park is also home to many attorneys who practice in various areas of law. Further, residents can seek look to the legal force of nearby Chicago for all their legal matters. Chicago is home to top-notch law firms that train ivy-league educated attorneys. With either option, the legal needs of Orland Park residents can easily be taken care of.

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