Tax Audit in Quincy, Illinois

Find the right Tax Audit attorney in Quincy, IL

Tax Audit Lawyers in Quincy

In Quincy, 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 certain number of random audits each year, without necessarily suspecting that an individual auditee has done anything wrong.

In Quincy, 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. First, 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 Quincy, Illinois

Tax Audits in Illinois can occur for a wide variety of different reasons.

As discussed earlier, tax audits can be conducted at random. Apparently, the government doesn't have the resources to audit every taxpayer under their jurisdiction. But, by conducting a substantial 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 Quincy, Illinois are audited for a particular 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 prevalent reason for tax audits in Quincy, Illinois. 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 Quincy, 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 Quincy, 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 probably just be made to pay the balance due, plus a slight bit of interest, without incurring any additional penalties.

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

Talk to a Tax Law Attorney now!

Life in Quincy

Quincy is nicknamed the "Gem City of Illinois. Perhaps this is so because it lies along the Mississippi River. It is a small city home to about 40,700 people. Interestingly, Quincy used to be the hub for the transportation of riverboats and rail service, connecting many destinations along the river.

Some major corporations located in Quincy include Niemann Foods, Gardner Denver, and Titan Wheel. Other thriving employers include the healthcare industry and school district. Many attorneys also call Quincy home, and practice in many areas of law.

Some popular attractions in Quincy include Temple B'nai Sholom, Quincy Museum, Moorish Castle, Quincy University, and the South Side German Historic District.

All in all, Quincy is a quaint place to live offering its residents small town charm!

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