Tax Audit in Rapid City, South Dakota

Find the right Tax Audit attorney in Rapid City, SD

Tax Audit Lawyers in Rapid City

An "audit" is an administrative proceeding in Rapid City, South Dakota 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 process of a Rapid City, South Dakota tax audit is usually pretty straightforward. If and when you are faced with a tax audit, you'll receive a letter from the IRS, or its state equivalent, telling you that you're being audited. However, you should not assume that this letter is authentic, because con artists will sometimes send fake audit letters to squeeze money out of innocent taxpayers. You should seek independent confirmation of the letter's authenticity by searching the Internet for the name of the government agency in question, and contact them for more information.

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 Rapid City, South Dakota

Tax Audits in South Dakota can occur for a wide variety of different reasons.

As mentioned above, an audit can happen simply because a person was chosen for an audit at random. If you are randomly chosen for a tax audit, and you have been honest and diligent in preparing your tax documents, it will probably be a quick, painless process, and you likely don't have anything to worry about.

However, some people in Rapid City, South Dakota are audited because the government suspects that they are underreporting their income. For example, if you report that you only make ,000 per year, and then go out and buy an expensive sports car, the IRS and state tax authorities are going to want to know where the money to buy that car came from.

It is also common to be audited in Rapid City, South Dakota 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 Rapid City, South Dakota 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 Rapid City, South Dakota. 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.

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 Rapid City, South Dakota tax attorney as soon as possible, to help make sure that your tax audit goes smoothly.

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Life in Rapid City

Rapid City is located in South Dakota. In fact, it is the second largest city in the state. Just as it has an exciting name, the city also has many attractions for visitors to see! These attractions include Bear Country, the Journey Museum, the Dahl Arts Center, Mt. Rushmore Black Hills Gold Factory Tours, Reptile Gardens, Watiki Indoor Waterpark, Mammoth Site and the Devils Tower National Monument.

Rapid City is amongst the Black Hills. Interestingly, it is home to the longest caves in the world. It also has one of the lowest unemployment rates in the U.S.!

With so much going on in one place, it is natural that the legal force would also have a presence. To support local businesses and residents, Rapid City is home to many experienced attorneys. These attorneys are able to advise clients in all areas of laws and are easily able to handle legal matters.

Overall, Rapid City is a must-see place to visit.

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