Tax Audit in Dundalk, Maryland

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Tax Audit Lawyers in Dundalk

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

The actual procedure involved in a tax audit in Dundalk, Maryland 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 important 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.

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 Dundalk, Maryland

There are many reasons why the federal government, or the government of Maryland 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.

But, some Dundalk, Maryland tax audits occur for a certain reason. This is normally because the IRS or your local tax authority suspects that you have not reported all of your income on your tax return. For example, 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 extremely 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.

It is also common to be audited in Dundalk, Maryland if you claim a huge number of deductions. A tax deduction is simply a legal subtraction from one's taxable income. Many different expenses, including charitable donations, interest paid on mortgages, and others, are deductible from one's taxes. If you claim so many deductions that you have negated almost all of your tax liability, you can bet that the government is going to be suspicious.

How Can A Dundalk, Maryland 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 Dundalk, Maryland. 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 minimal bit of interest, without incurring any additional penalties.

But, there are some tax audits that are far more difficult and serious than a tax return having a few more deductions than usual. If this is the situation you're in, you should contact a Dundalk, Maryland tax attorney as soon as possible, to help make sure that your tax audit goes smoothly.

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Life in Dundalk

Dundalk, Maryland is a community situated in Baltimore County. It has a population of over 62,000 people. It is a major suburb of Baltimore, and one of the largest unincorporated communities in Maryland.

It is named after the town of Dundalk, Ireland. The name was given to the community by Henry McShane, who established the McShane Bell Foundry in the city, and hailed from Dundalk, Ireland. The McShane Foundry manufactured large church bells, and was one of the first major industrial concerns in the area.

Dundalk, Maryland's general look benefits from the presence of many beautiful historic buildings. Its climate, like the rest of its region, is humid and sub-tropical, which means it has hot and humid summers, but pleasant springs and falls, along with relatively mild winters. Its low elevation and location next to the Chesapeake Bay give it a much milder climate than many nearby areas.

For those who work in or near Baltimore, Dundalk is a good place to live, allowing residents to enjoy the "small town" feel of the local community, while giving them easy access to a major city, and all of the benefits that entails, such as jobs and amenities.

There are many Dundalk, Maryland lawyers who can help you with whatever legal problem you might have. If you are facing any type of legal issue, large or small, a Dundalk, Maryland lawyer can help.

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