IRS Audit Attorneys in Chicago
The last thing you want to find in your mailbox is a notification that you are the subject of an IRS audit. Knowing you are under the microscope of the IRS is nerve-wracking and stressful. You may not even be sure why you have been chosen for an audit because you file your tax returns every year.
Situations like this are when you need our Chicago IRS Audit lawyers. We advocate for people like you with the Internal Revenue Service and State of Illinois every day. We can find out the reason for your audit, submit the requested information, and negotiate a resolution that limits your exposure to any adverse action.
Reasons for an IRS Audit
The IRS may conduct an audit when they suspect a taxpayer isn’t paying what they should in taxes, or they can select randomly. We’ve seen, during an audit, instances where the IRS will require information or take a position that is not proper for the taxpayer. This is why it is imperative to seek the counsel of our IRS audit team in Chicago in order to protect yourself before sending any documentation to the IRS.
There are some common scenarios which can lead to an IRS audit, including:
- Overtime – you are working overtime but have not adjusted your withholdings to reflect a higher income bracket
- Bonuses – you are receiving bonuses that do not have taxes deducted, so your standard tax withholdings are not enough to cover the amount of taxes you owe at the end of the year
- Dependents – the number of dependents you claim on your payroll taxes is higher than the actual number of dependents you will claim on your federal income tax return
- Decreasing your withholdings for reasons such as not being able to afford other mandatory payments such as student loans, child support, or garnishment
If the IRS has requested that you meet with one of their representatives in person to discuss your audit, we will be with you to make sure your audit is done fairly. In the event that the audit fairly reveals that you owe them money, which sometimes happens, we can reach a settlement agreement on your behalf.
What if I Already Lost My Audit?
The IRS actually allows a reconsideration and, beyond that, an appeal. Please note: reconsiderations and appeals are highly dependent upon the individual case circumstances. If this is your situation, you must call and speak with an attorney, Enrolled Agent or CPA to know where you stand and what your chances are.
We Look at the Big Picture First
- At The Tax Defenders, we have saved our clients 48 million dollars in the 22 years we’ve been in business. We thoroughly examine your position and possible exposure beyond audit requests..
- We are veteran-owned and operated and offer full resolution services.
- We will always give you honest answers.
- We thoroughly examine your position and possible exposure beyond audit requests.
- We counsel regarding the effects of any potential liability to avoid you fighting a costly but financially inefficient battle.