
Tax Audit Attorney In Austin, TX
Being notified of a tax audit can cause understandable concern, especially if you are unsure what to expect. Many taxpayers worry about potential penalties or additional taxes owed. An experienced Austin tax audit lawyer can provide the guidance you need to navigate the process with confidence and minimize the impact on your finances.
Facing IRS Challenges? Get the Representation You Deserve!
A Knowledgeable Austin Tax Audit Attorney
David Coffin PLLC is a tax law firm with an impressive familiarity with federal tax laws and Austin tax audit laws. We have helped countless clients overcome their tax audits. In fact, many of our past clients feel their tax audit experience was a success. We have honed our negotiation abilities and know how to work with the IRS on a client’s behalf in an effort to lessen their overall debt, especially that debt that could potentially follow an audit.
Who Gets Audited?
Due to a decrease in staffing, the number of IRS audits has decreased in recent years, but even so, they still processed over 505,000 tax return audits in 2024. Most audits can go back three years, but in extenuating circumstances, they can go back as far as six years. Tax returns selected for audit are specific returns that are flagged for something that is against the norm in similarly filed tax returns.
Another common instance for an audit is when a taxpayer’s return is linked to another taxpayer who has been identified as a candidate for an audit. For instance, when business partners or investors are named on each other’s tax returns and one of those individuals’ tax returns gets flagged for an audit, then their partner’s return will be audited.
Audit by the Texas Comptroller of Public Accounts
If you are being audited for issues with your state taxes in Texas, these audits are handled by the Texas Comptroller of Public Accounts. The Texas Comptroller of Public Accounts office serving Austin is located in the LBJ State Office Building at 111 East 17th Street in Austin. This is a separate audit from those imposed by the IRS. An Austin tax audit lawyer can be just as useful in state tax audit cases as they are in federal tax audits performed by the IRS.
Why You Should Hire a Tax Audit Lawyer
If you have received a tax audit notice, it is important that you hire a tax audit lawyer. They can help make sure you follow up in the proper manner and adhere to the requirements of the audit. This can avoid further repercussions of mishandling your audit. An Austin tax audit lawyer can assist you in the following ways:
- Reviewing your tax audit notice and determine the documents you need to compile to prepare for your audit, such as bank statements, receipts, canceled checks, bills, legal papers, loan agreements, records of charitable donations, travel records, losing lottery tickets, financial logs, medical and dental records, employment documents, income documents like W-2s or K-1s, and documentation of thefts or losses
- Maintaining communication with your state tax agency or the IRS on your behalf
- Offering a strategy to move forward, which may be negotiating with the tax agent, contesting the recommended adjustments, or some other course of action
- Protecting your rights throughout the process, such as your right to appeal
- Advising on how to potentially minimize risks, such as penalties or added taxes owed
- Negotiating more favorable terms if possible
Why Choose Us?
When you choose David Coffin PLLC to assist you with your Austin tax audit, you are choosing a top tax audit attorney with years of experience and successful tax audit cases. Our legal team has a positive attitude and a bright outlook. If you have to go through a tax audit, choosing the right attorney can make all the difference. When you choose us, we can make your experience go smoother and minimize your penalties.
FAQs
Yes, a tax attorney can negotiate with the IRS. They can legally communicate with the IRS on behalf of their clients when given power of attorney. It is often in a taxpayer’s interest to allow a tax attorney to take over negotiation talks and other correspondence with the IRS. Their deep understanding of the tax code can influence their ability to get a more favorable outcome for their clients.
There are certain red flags on a tax return that can trigger an IRS audit. The IRS cannot investigate all instances of these triggers, but most audits have at least one alerting detail that warrants an audit. Such triggers include discrepancies between expenses, deductions, and income; gaps in filing years; or unusually large tax credits.
You are not necessarily in trouble if you get audited. In rare tax audit cases, if the IRS suspects you of significant intentional fraud, they can refer the case to their Criminal Investigation Division. However, an IRS tax audit is not an accusation of any criminal allegations. Be sure to answer the IRS in regard to your audit. If you’re worried, discuss your situation with a tax audit attorney.
Not everyone who gets audited by the IRS needs a lawyer. If your tax return is straightforward, and you are confident in the validity of your return, you may be able to get by without hiring a tax audit attorney. However, taxpayers facing more complicated tax audits would likely benefit from hiring a lawyer. A lawyer can help negotiate a deal with the IRS, which may include diminishing penalties or limiting additions to taxes owed.
Connect With a Well-Versed Austin Tax Audit Lawyer
David Coffin PLLC attorneys have an in-depth understanding of federal tax laws as well as Austin tax audit laws. We can help you come out of your tax audit with a more favorable outcome. Contact our office to schedule an appointment and discuss your tax audit with a member of our legal team to get control over your tax debt.
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