Tax Audit in Lewisville, Texas

Find the right Tax Audit attorney in Lewisville, TX

Tax Audit Lawyers in Lewisville

An "audit" is an administrative proceeding in Lewisville, Texas 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 typically 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.

In Lewisville, Texas, the process of a tax audit is usually not complicated. 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 Lewisville, Texas

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

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

But, some Lewisville, Texas tax audits occur for a particular reason. This is typically because the IRS or your local tax authority suspects that you have not reported all of your income on your tax return. For example, suppose that, last year, you bought an expensive new luxury car. But say you only claimed ,000 in total income that year. As you might imagine, the IRS is going to be quite interested in finding out where the money for that car came from, and, if you have enough money to buy it, why you aren't paying taxes on that money.

Another typical reason for tax audits in Lewisville, Texas is when a taxpayer claims a large number of deductions. A deduction is simply a legally-permitted subtraction from a person's taxable income. For instance, charitable donations can be deducted from one's income in the full amount of the donation. However, if a person claims a very large number of deductions, to the point that they claim little or no tax liability, the tax authorities are going to take a closer look.

How Can A Lewisville, Texas Tax Lawyer Help?

If you experience an audit in Lewisville, Texas, 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 typically light. It will probably be little more than a requirement that you pay back taxes and interest.

But, there are some tax audits that are far more complicated 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 Lewisville, Texas tax attorney as soon as possible, to help make sure that your tax audit goes smoothly.

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Life in Lewisville

Lewisville, Texas is a medium-sized city in Denton County, and it is part of the greater Dallas-Fort Worth Metropolitan area.

At the 2000 Census, the population of Lewisville was estimated to be 77,000. However, current estimates place the population at over 100,000 people, making it one of the fastest-growing cities in the country.

Lewisville, Texas was incorporated in 1925, making it one of the oldest incorporated cities in the Dallas area. In its early history, growth was very slow, with the economy largely depending on relatively small-scale agricultural operations. After the construction of the Lewisville Dam, creating a large reservoir in the area, growth began to accelerate.

In the mid-1960s, Lewisville became one of the first cities in Texas to racially integrate its public schools.

When the Dallas-Fort Worth International Airport opened in 1973, the population of Lewisville and other nearby towns exploded, partially attributed to the thousands of jobs the airport brought to the area.

Thanks to its rapid growth, and proximity to one of the country's major metropolitan centers, the legal community of Lewisville, Texas is highly diverse and well-developed. From large, national law firms, to small firms and solo practices, chances are good that you can find a Lewisville, Texas lawyer who is the right match for you.

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