If you’re facing a tax problem, you need a qualified Tax Attorney OKC who can represent your interests effectively. If you don’t have a lawyer who specializes in tax law, your situation could go from bad to worse.
Tax attorneys can manage your books, assist with an audit and interpret IRS and state tax codes. They’re experts in start-up costs, taxable income, deductions and more.
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Audits
An audit is a thorough examination of your business’s financial records to ensure that the information on your tax return is accurate and reliable. The IRS and other tax authorities may also conduct internal audits of businesses to verify their financial statements, and provide management with an understanding of any issues that need to be addressed.
Having a trusted Oklahoma City tax attorney at your side can make all the difference during a complicated audit. A tax lawyer can help you determine if the IRS has discovered something suspicious, and work with you to respond in a way that protects your rights.
The IRS uses several methods to select returns for audit, including a computer algorithm that compares your return to those of other similar taxpayers. If your return is significantly different from other similar returns, you’re likely to be selected for an audit.
Jeff Trevillion is an experienced trial attorney and certified public accountant who helps clients with all aspects of civil and criminal tax controversies. He develops comprehensive strategies for clients facing IRS criminal investigations and grand jury proceedings, as well as sensitive “eggshell” audits that could lead to a referral to the DOJ.
Litigation
If you disagree with the results of an audit, or if you are accused of tax fraud, your attorney may be able to help you appeal the findings. An Oklahoma City tax lawyer can help ensure that your case is handled properly and successfully.
The IRS and the state of Oklahoma have strict regulations regarding tax preparation. If you don’t meet these requirements, you could face liability for a wide range of penalties, including those for underpayment or failure to file.
Business owners need to know how to prepare their business’s taxes and keep accurate records. They also need an Oklahoma tax lawyer who has the experience and knowledge to assist with audits and interpret IRS and state tax codes.
A trained, experienced tax litigator maximizes your ability to force the IRS to follow the law and reduce or eliminate any unfair penalties they impose. They also work with taxpayers in a special IRS program that allows you to wipe out your tax liens and the interest they accrue for a fraction of what you owe them.
International Taxes
Managing global tax obligations requires extensive knowledge of the international landscape. Especially in today’s complex marketplace, it’s essential to stay compliant with new and ongoing changes in international tax laws, regulations, and deadlines.
With the right guidance, international businesses can meet these challenges head on and enhance their ability to grow and succeed globally. Our specialists provide the insight and expertise you need to adapt to changing tax regulations and implement a more effective methodology that aligns with your wider business objectives.
International taxation is the study and determination of tax relating to cross-border income, profits, capital gains, and other items. It takes the form of territorial, residence-based, or exclusionary systems. Governments typically limit the scope of taxation through deductions and credits, or by enacting tax treaties with other countries to eliminate or reduce double taxation.
Tax Resolution
Tax resolution, sometimes referred to as IRS representation or tax problem recovery, is an umbrella term that refers to services that aid taxpayers when they run afoul of the IRS. These services include Offer in Compromise assistance, lien and levy relief, penalty abatement, and more.
One of the main reasons that taxpayers run afoul of the IRS is because they owe back taxes. These are the taxes a person or business owed in a previous year but didn’t pay.
Once a tax debtor runs into trouble, the IRS can begin taking money from their paycheck to cover these past due payments. Wage garnishment, however, can be avoided by working with a tax resolution firm to put together a repayment plan that demonstrates to the IRS that you can afford to pay your taxes on time.
There are a number of tax resolution companies that offer these services and they have various pricing structures, including hourly rates or flat fees per case. It’s best to ask your local firm about these fees up front to avoid any surprises later on.