Tax Audit in Waxahachie, Texas

Find the right Tax Audit attorney in Waxahachie, TX

Tax Audit Lawyers in Waxahachie

An "audit" is an administrative proceeding in Waxahachie, 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 Waxahachie, Texas, the process of a tax audit is usually not convoluted. 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 just pretend to be a representative of the IRS.

After confirming that the audit you're facing is truly legitimate, there are a few things you can do to prepare. Initially, you should assemble all of the proper documents you have in your possession. This should include your tax return, W-2 forms, and records of any expenses that you claim as deductions. You should bring these documents, and any others that the auditor requests, to the meeting. At the meeting, the auditor will ask you a list of questions, which you should answer honestly and to the best of your knowledge.

Reasons For a Tax Audit in Waxahachie, Texas

There are plethora of reasons why Texas's government, or the federal government, might conduct a tax audit.

As mentioned earlier, you might get audited just because you were chosen at random. If this is the case, and you know that your tax return was totally truthful, and have the documentation to back it up, you shouldn't have anything to worry about.

But, some Waxahachie, Texas tax audits happen 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 instance, 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.

It is also typical to be audited in Waxahachie, Texas if you claim a wide number of deductions. A tax deduction is simply a legal subtraction from one's taxable income. Various 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 Waxahachie, Texas 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 Waxahachie, Texas. 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 likely just be made to pay the balance due, plus a slight bit of interest, without incurring any additional penalties.

Nonetheless, if the situation is more convoluted, you may need to hire a Waxahachie, Texas tax attorney. A tax attorney can help you through your audit, and make sure it goes as smoothly as possible.

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Life in Waxahachie

The city of Waxahachie, Texas isa suburb of the state capital of Dallas and houses a population of just under 22,000 residents. Waxahachie is an easy thirty mile drive to Dallas, making the suburb a popular place for the city worker to live. Waxahachie comprises almost forty two square miles. The city gets its unique name from the Native American word for "cow creek" or "buffalo creek." The city's economy is very industry-based, although there are also two universities located in Waxahachie: Southern Assemblies of God University and Navarro College. Early College High School, located in the heart of Waxahachie is considered one of the top high schools in the state of Texas. The city is also the site of an annual Renaissance fair that draws international attention. Waxahachie also has some notable legal landmarks. The Richardsonian Romanesque Courthouse, which is considered to be best of Texas' older courthouses is located in Waxahachie. With such a pretty location to practice, it is no wonder that there are so many great lawyers located in the city limits. Waxahachie lawyers are skilled in a range of practice areas and able to help their local client with any legal issue he or she is confronted with.

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