Lincoln, CA IRS Audit Attorney
Getting audited is a stressful situation. Not only will you potentially have to pay more taxes than you already have, but an IRS agent will also review a significant amount of your personal financial information during the process. The threat of being audited is enough to make most people file their taxes carefully.
However, even the most diligent tax filer can be audited. An IRS audit can happen for many different reasons, including random selection. Unfortunately, the reason for the audit does not diminish the stress and anxiety that it causes.
If you are facing an IRS tax audit, you do not have to face the process alone. With the help of a tax attorney, you can approach your audit without fear. Our team at Coggins Law is ready to help create tax solutions that work for you.
Coggins Law: Your Lincoln, CA, IRS Audit Lawyer
The IRS audit lawyer at Coggins Law has been providing audit representation in Lincoln, CA, for nearly 20 years. We have represented a variety of clients in many different financial and socioeconomic situations. Our experience in this field benefits our current clients by providing them with reliable, honest tax advice that they can trust.
Our team has a high level of experience in tax returns, tax settlements, audits of all kinds, and business tax law. No matter the type of tax issue you or your business is facing, we are confident that we can provide you with proper legal representation.
What Is an IRS Audit?
An IRS audit happens when the Internal Revenue Service reviews your personal or business finances. They do this to ensure that you have paid the correct amount of taxes for your situation. In some situations, this happens because the IRS notices something suspicious in your tax return. In other situations, the IRS may perform a tax audit randomly. This is an attempt to ensure that the tax system functions properly and to encourage taxpayers to file accurate returns.
During an IRS audit, the auditor may find that you filed your taxes correctly. If this is the case, no further action needs to occur, and the audit closes. However, if the IRS agent finds that you made an error on your taxes, you will need to pay the difference as well as any associated fines and penalties.
Why Do I Need an IRS Audit Attorney?
The audit process allows the IRS a significant amount of control over your situation. If they believe that you owe more than you have paid, you do not have the power to argue or negotiate with them. It is also difficult for most people to understand the minutiae of tax law. The size and complexity of the U.S. Tax Code make it nearly impossible to contest the IRS audit conclusions yourself.
When you have an IRS audit attorney on your side, you have greater agency throughout the audit process. Your attorney can oversee the audit to ensure that it proceeds correctly. We can also negotiate the terms of any money that you owe. Our firm can find a solution that works for both you and the IRS.
Tax audit representation also allows you to make informed decisions about your options. This can protect your family from financial harm. Because tax law is complicated, many people who do not have legal representation are unable to fully understand their situation. Your attorney is your advocate and legally must consider your interests. This is a great comfort to many people who are going through the audit process.
Tax Attorney FAQs
Q: Should You Hire an Attorney for an IRS Audit?
A: Yes, it is a good idea to hire a lawyer to represent you during an IRS audit. An attorney can make sure that the audit proceeds properly. We can also help you explore options for deductions and other programs that may benefit your tax return. Most importantly, we can negotiate with the IRS about any money that you owe. Through these negotiations, we can arrive at solutions that satisfy the IRS while protecting your finances.
Q: How Much Does It Cost to Fight an IRS Audit?
A: Fighting an IRS audit generally costs between $3,500 and $10,000, depending on the situation. However, this is often more economical than the solutions that the IRS provides. Fighting an audit may also keep you from serving time in prison for tax evasion or other tax errors. It is extremely beneficial to hire an IRS tax audit attorney to represent you during an IRS audit. An attorney may be able to negotiate lower settlement costs.
Q: When Should I Hire a Lawyer to Help Me With the IRS?
A: You should hire an attorney for an audit as soon as you receive an Information Document Request (IDR). An IDR is usually the first indication that you are being audited. If you have non-audit issues with the IRS, such as a tax levy or tax lien, you should hire an attorney as soon as possible. When you hire your legal representation early in the process, your lawyer can have a more thorough understanding of your situation.
Q: What Are Some Tips for Hiring an IRS Audit Lawyer?
A: Experience is the most important qualification that a lawyer can have, so be sure to hire an attorney with direct experience in IRS audits. You should also find someone who has experience in courtroom litigation. This allows you to be prepared if your case goes to court. An IRS audit delves deep into your finances and personal records. Therefore, you should also find an attorney with whom you feel comfortable.
Contact Coggins Law
Our team at Coggins Law is ready to represent you during your IRS audit. Although the situation may be new to you, we have helped many clients through IRS audits. We are confident and qualified to handle any IRS dispute or scenario that you may be experiencing.
For more information about our services, our firm, or to get started with a consultation, contact Coggins Law today.