Tax Audit in Haverford, Pennsylvania

Find the right Tax Audit attorney in Haverford, PA

Tax Audit Lawyers in Haverford

An "audit" is an administrative proceeding in Haverford, Pennsylvania whereby the IRS, or a local tax-collection agency looks at a person's (or business's) tax filings in more detail than they do in ordinary cases. This is usually done when the tax return has a suspicious discrepancy on it, or if the taxpayer was simply picked at random. It's not uncommon for tax authorities to conduct random audits, providing people with an incentive to be honest on their taxes, knowing that they could be audited at random.

The procedure of being audited in Haverford, Pennsylvania is usually pretty simple. If and when the tax authorities decide to audit you, they'll send you a letter in the mail detailing what's about to happen. If you receive such a letter, it's extremely important that you make sure it's authentic. Sometimes, scam artists will send fake audit notices to people, claiming that they owe the government money. They will then collect their "taxes" and disappear. You should do an internet search for the name of the tax authority that the letter claims to represent, and call them to verify that you are being audited.

Once you receive the letter, and confirm its authenticity, you will have to meet with an auditor at the time and place specified 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 Haverford, Pennsylvania

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

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 Haverford, Pennsylvania are audited for a specific reason, rather than being drawn at random. If the tax authorities believe that you have underreported your income, that is a very recognized 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.

If you claim such a large number of deductions that your tax liability is unusually low, you may well be subject to an audit in Haverford, Pennsylvania. A deduction is an allowable reduction in your taxable income, requiring you to pay taxes on a smaller portion of your income. Certain business expenses and charitable donations are common sources of tax deductions. However, some people add invalid deductions to their tax returns to reduce their tax burden. If the IRS is suspicious about your deductions, you should make sure you have proper documentation to back them up.

How Can A Haverford, Pennsylvania 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 Haverford, Pennsylvania. 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 little bit of interest, without incurring any additional penalties.

However, there are some tax audits where the underlying facts are much more complex than a simple misunderstanding. In these cases, a good tax attorney in Haverford, Pennsylvania may be necessary to ensure that the process is as painless as it can possibly be.

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Life in Haverford

Haverford is an unincorporated area located in Delaware County, Pennsylvania. It is situated partially in Haverford Township and also in Lower Merion Township. The town derives its name from the town of Haverfordwest in the country of Wales. Its name has also been translated to mean "goat crossing", which is a Welsh term.

Haverford is noted for being the site of excellent educational facilities, namely Haverford College. Also, the city is famous for being home to the Merion Cricket Club, which is one of the oldest country clubs in the entire U.S.

Residents enjoy ample opportunities for recreation and entertainment in the town of Haverford. Also, those wishing to visit nearby cities can do so with relative ease, as the Paoli/Northwest commuter rail system connects Haverford directly to Philadelphia. Famous residents of Haverford have included author Catherine Drinker Bowen and John C. (Jack) Bogle, a popular financial guru.

Lawyers in Haverford serve the community through outstanding legal service and representation. Haverford, Pennsylvania lawyers are an essential part of the social and professional integrity that marks the community.

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