Tax disputes can be overwhelming for individuals and businesses alike. Whether it’s a tax audit or a tax appeal, the stakes are high, and the consequences are often severe.
Because of this, it’s crucial to have professional representation during these processes. Not only can a tax professional help you navigate the complex and ever-changing tax laws, but they can also provide a level of expertise and advocacy that can greatly increase your chances of a successful outcome.
The attorneys at Ledingham Law are skilled and experienced in tax law. We can help you through the process successfully. Contact us today at (240) 673-6869 for a consultation
A tax audit is a process by which the IRS examines and verifies the accuracy of your reported income and deductions, while a tax appeal is a process in which you dispute the findings or decisions of the IRS.
During a tax audit, your records, financial statements, lifestyle, and business activities are reviewed in detail. What the IRS requires will depend on the type of audit they’re conducting, either a mail audit, office audit, or field audit.
If you disagree with the results of a tax audit, you have the right to file a tax appeal. This involves presenting arguments and evidence to challenge the findings of the IRS. The tax appeal process can be complex and requires a strong understanding of tax laws and legal procedures.
Tax audits are initiated for a variety of reasons:
After undergoing a tax audit, there are several possible outcomes you may face:
The tax appeal process is important if you disagree with the findings or decisions made by the IRS during a tax audit. Your disagreement could be caused by:
The appeals process provides an opportunity for individuals and businesses to present their case and seek a fair resolution.
Note: Not everyone can appeal. If your case is eligible for an appeal, the IRS notice usually has an explanation of your appeal rights.
The tax appeal process begins with you filing a formal appeal, stating the reasons for your disagreement, and providing any supporting evidence. It’s best to make your appeal request to the compliance individual at the IRS who handled your case.
This appeal is then reviewed by an appeals officer, who may schedule a hearing to further discuss the case. During the hearing, you’ll have the opportunity to present your arguments, provide additional evidence, and address any concerns the IRS raises.
After the hearing, the IRS appeals office will make a decision based on the information presented. You’ll be notified of the decision in writing.
Are you facing a tax audit or a tax appeal and you’re unsure of how to navigate the complex process of IRS tax audits? As a Maryland IRS Tax Audit and Appeals Attorney, Jessica Ledingham can provide expert guidance and representation to help you successfully navigate these intricate matters.
Take the crucial first step towards resolving your IRS tax audit or a tax appeal by contacting Jessica Ledingham at (240) 673-6869 today. With her expertise in IRS tax audits, she can help you address your tax-related issues and regain your peace of mind.