Tax Audit in New York, New York

Find the right Tax Audit attorney in New York, NY

Tax Audit Lawyers in New York

A "tax audit" is a procedure in New York, New York 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 New York, New York, the process of a tax audit is typically not confusing. If you get a letter saying that you have been chosen for an audit, you should still take it seriously, however. The first thing you need to do is confirm that you are really being audited, because there are fraudsters who impersonate tax collectors, attempting to squeeze money out of innocent victims. When you receive such a letter, you should use the phone book or Internet to find the contact info for the government agency that the letter claims to be from, and contact them. Do not rely on any contact information provided in the letter, as it may direct you to the scammer, who will simply pretend to be a representative of the IRS.

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 New York, New York

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

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

On the other hand, there are also certain reasons why the tax authorities in New York, New York might want to conduct a tax audit. The most frequent reason for a tax audit is suspicion that a taxpayer has not reported all of the income they earned in a given year. This suspicion often arises when a taxpayer buys a massive number of expensive luxury items, but only claims a small amount of income on their tax return. Obviously, the tax man will be extremely interested in learning where someone who is claiming a minimum-wage level income on their taxes got the money to buy a sports car.

Claiming an unusually-high number of deductions is another frequent reason for tax audits in New York, New York. 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 New York, New York Tax Lawyer Help?

If you experience an audit in New York, New York, and believe that you have properly reported all of your income on your tax filings, it will probably go fine. And if there is anything wrong with your filings, it was likely the result of an honest mistake, and auditors are generally sensitive to this fact. In such cases, the penalty is normally light. It will probably be little more than a requirement that you pay back taxes and interest.

However, if the situation is more confusing, you may need to hire a New York, New York 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 New York

Enough cannot be written about New York City. New York City is filled with great night life, wonderful tourist attractions, history, great fashion, and exquisite food. Tourists often love to visit the Empire State Building, Statute of Liberty, Grand Central Terminal, Rockefeller Center, Ellis Island, Staten Island, the American Museum of Natural History, the Museum of Modern Art, and Central Park.

New York is also filled with many great attractions that are not so well known. For a bit of fun, tourists can go Madame Tussaud's to hang out and take pictures with some of the world's most famous celebrities. To experience New York with some speed, people can ride the New York Skyride. To see some breathtaking views, the spot to visit is Top of the Rock. Lastly, New York City is home to the largest Cathedral in the world-The Cathedral of St. John the Divine.

With so much to offer, New York City has not left the legal industry behind. In fact, New York City is home to some of the largest, multinational firms in the world. These firms are filled with ivy-league law graduates, expected to be some of the brightest legal minds in the country. Therefore, it is likely that no legal matter will remain unsolved by the legal force in New York City.

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