Tax Audit in Schenectady, New York

Find the right Tax Audit attorney in Schenectady, NY

Tax Audit Lawyers in Schenectady

A "tax audit" is a procedure in Schenectady, 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 Schenectady, New York, the process of a tax audit is usually 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 truly 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 stated 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 Schenectady, New York

A tax audit in New York can be performed for almost any reason at all

A taxpayer can be chosen for an audit at random, even if the tax authorities don't suspect any wrongdoing. The idea behind these random audits is to keep taxpayers on their toes. So, if you are audited for this reason, and know that you've done everything properly in filing your taxes, you will probably be fine.

On the other hand, some taxpayers in Schenectady, New York 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 common 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 Schenectady, 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 huge 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 Schenectady, New York Tax Lawyer Help?

If you find yourself on the business end of a tax audit in Schenectady, New York, and you are sure that you have reported all of your income, and not claimed any invalid deductions, chances are you were just chosen at random for an audit, and you probably don't have any cause for concern, other than the inconvenience that an audit represents. If you are found to owe any back taxes, and your failure to pay in the past was the result of an honest mistake, you'll likely be afforded a chance to pay any taxes you owe from past years, with the possible addition of interest.

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

Schenectady, New York is a city in Schenectady County. It has a population of approximately 61,000 people, making it the ninth-largest city in New York State.

The name is a bit of a mouthful, and was derived from a Mohawk word that roughly translates to "near the pines" or "beyond the pines." It is part of the Albany Metropolitan Area.

The area was first settled by Europeans in 1661, as part of the Dutch colony of New Netherland, which comprised most of what is now the state of New York. In the 19th Century, Schenectady became an important transportation hub, connecting the Hudson River to the Great Lakes. In 1887, Thomas Edison moved Edison Machine Works to the city, and it then became the headquarters of General Electric, founded by Edison,which is now one of the largest companies in the world.

Modernly, Schenectady, New York is coming out of the hard economic times which many cities in Upstate New York endured throughout the second half of the 20th Century, but its economic outlook is improving.

If you live in Schenectady, New York and need an attorney, you probably won't have any problem finding the Schenectady, New York lawyer who is right for you.

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