Tax Audit in Chapel Hill, North Carolina

Find the right Tax Audit attorney in Chapel Hill, NC

Tax Audit Lawyers in Chapel Hill

A "tax audit" is a procedure in Chapel Hill, North Carolina where the tax authorities investigate a taxpayer's (whether the taxpayer is a person or corporation) filings when it looks like there's some kind of discrepancy. However, many state and federal tax audits are the result of random selection, when the authorities don't necessarily think that a taxpayer has deliberately evaded their taxes.

In Chapel Hill, North Carolina 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 letter informing you of your audit is authentic, there are various things you can do to prepare for your meeting with the auditor. The initial thing you need to do is call them and arrange to meet at a time that's mutually convenient. You should bring any documents and records that the auditor requests, as well as any proof that you think might be helpful in answering the auditor's questions. The auditor will ask you any questions that he or she believes will clear up whatever concerns they have with your return. You should answer all of these questions truthfully, as it is illegal to lie to a tax auditor.

Reasons For a Tax Audit in Chapel Hill, North Carolina

A tax audit in North Carolina can be performed for almost any reason at all

As mentioned earlier, you might get audited just because you were chosen at random. If this is the case, and you know that your tax return was totally truthful, and have the documentation to back it up, you shouldn't have anything to worry about.

Nonetheless if the IRS or other tax agency suspects actual wrongdoing by a Chapel Hill, North Carolina taxpayer, that's a different matter. There are various different reasons why a government might determine to audit a taxpayer. The most typical one is suspicion that they have underreported their income. If a taxpayer buys a considerable number of expensive luxury items, but reports little or no income on their tax returns, the government will definitely want to discover where the money to buy all those things came from, and why it hasn't been declared as taxable income.

Claiming an unusually-high number of deductions is another prevalent reason for tax audits in Chapel Hill, North Carolina. A tax deduction is some expenditure that you can subtract from your taxable income, thereby reducing your tax liability. If you claim such a wide 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 legitimate.

How Can A Chapel Hill, North Carolina Tax Lawyer Help?

If you are audited in Chapel Hill, North Carolina, and believe that you have done everything right in collecting and filing your tax return, you likely don't have much to worry about. If there is anything wrong with your tax return, it was likely the result of an honest mistake, which will result in light penalties - typicallyy just an order to pay any back taxes you owe, plus interest.

But, in more complicated cases, chances are you would be well-served by a tax lawyer in Chapel Hill, North Carolina, to ensure that your tax audit goes smoothly.

Talk to a Tax Law Attorney now!

Life in Chapel Hill

Chapel Hill is located in Orange County, North Carolina. Chapel Hill is well-known because it is home to the University of North Carolina. It is also known because it helps comprise the "Research Triangle," which includes Chapel Hill, Durham, and Raleigh.

Interestingly, Chapel Hill is nicknamed "America's Foodiest Small Town" by Bon Appetit Magazine. Some popular restaurants are A Southern Season, Foster's Markeet, Mama's Dip's, Crook's Corner, Sunrise Biscuit Kitchen, Caffee Driade, and The Lantern Restaurant. Many of these places have been recognized by Martha Stewart, Rachael Ray, and the Food Network!

Chapel Hill is also home to many attorneys who help keep the legal force strong. This, in turn, helps residnets and local businesses because all their legal matters will be handled appropriately.

Some famous residents of Chapel Hill include Chris Stamey, Dean Smith, Jack Hogan, John Grisham, Hubert Davis, Ash Bowie, and K.A. Applegate.

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