Tax Audit in Medford, Massachusetts

Find the right Tax Audit attorney in Medford, MA

Tax Audit Lawyers in Medford

In Medford, Massachusetts, 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. Normally, 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.

The actual process involved in a tax audit in Medford, Massachusetts is normally 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 essential 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 really being audited.

Once you receive the letter, and confirm its authenticity, you will have to meet with an auditor at the time and place mentioned in the letter, and subsequent communications with the auditor. The auditor will tell you what documents and records you need to bring to the meeting. They will then ask you some questions to clear up whatever discrepancy they found in your tax return.

Reasons For a Tax Audit in Medford, Massachusetts

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

As considered 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 definately have nothing to worry about.

On the other hand, some taxpayers in Medford, Massachusetts 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 typical reason for a tax audit. For example, if you claim on your tax return that you make ,000 per year, and, in the same year, buy an expensive luxury item, the tax authorities will wonder where you got that extra money, and why you're not paying taxes on it.

Another frequent reason for tax audits in Medford, Massachusetts is when a taxpayer claims a large number of deductions. A deduction is just a legally-authorized subtraction from a person's taxable income. For example, charitable donations can be deducted from one's income in the full amount of the donation. Nonetheless, if a person claims a very large number of deductions, to the point that they claim little or no tax liability, the tax authorities are going to take a closer look.

How Can A Medford, Massachusetts Tax Lawyer Help?

If you find yourself being audited in Medford, Massachusetts, and are sure that you have done everything right in preparing your taxes, then the audit will likely be over rapidly, 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 likely 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, there are times when an audit is conducted to investigate far more significant issues. If you find yourself facing allegations from the IRS of serious wrongdoing, and believe yourself to be innocent, you should obtain the advice of a Medford, Massachusetts tax attorney immediately.

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Life in Medford

Medford is a city in Middlesex County, Massachusetts. It has a population of about 55,000 people.

The first European settlement in the area now known as medford was in 1630, when the area was still part of Charlestown. The town grew slowly but steadily over the next few hundred years. After 1880, the population began to explode, coinciding with the industrial revolution. The expansion in population led to the creation of new government services, such as gas, electricity, and water, along with public schools and a dedicated police department.

While working as a social worker in the 1920s, Amelia Earhart lived in Medford, and there are several memorials and historic sites dedicated to her, including the house in which she lived during her tenure in the city. Medford was also home to the man credited with inventing the roller skate.

Modernly, Medford is home to Tufts University, an extremely well-regarded research university. While once considered a "safety school" for students applying to Harvard, Tufts has become a destination school in its own right, in some niche fields of study.

If you live in Medford, Massachusetts, and need a good lawyer, chances are good that you'll be able to find one. With its diverse and vibrant population, Medford, Massachusetts lawyers have evolved in kind.

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