Miami IRS Tax Attorney

Miami IRS Tax Lawyer

Tax issues with the Internal Revenue Service (IRS) can be frustrating and stressful. Whether you are dealing with unpaid taxes or are facing an IRS audit, an experienced Miami IRS tax attorney is essential to help you protect your financial future and your rights.

The attorneys at TaxSmith, LLC, are qualified to help you with IRS tax issues. You may be an individual or business facing an audit and unsure of how to prepare, or you may have tax debt that you can’t afford and not know what to do about it.

Our firm can help you. We have decades of experience in tax laws, including both state and local regulations. We have assisted numerous individuals throughout Florida and Miami with tax-related issues. Our attorneys can represent your interests to the IRS.

Why Am I Being Audited in Miami?

Some taxpayers believe that audits only happen when the IRS thinks you committed a crime. This is not true. The IRS conducts numerous audits, both randomly and for cause. While it can be stressful to deal with an audit, an attorney can help you navigate Miami IRS tax laws and help you prepare. The IRS may conduct an audit for any of the following reasons:

1. Random selection: The IRS will randomly review the returns and information of taxpayers to ensure accuracy.
2. Administrative issues: If there are informational inaccuracies or other administrative issues in your tax information, the IRS will conduct a review.
3. Connected audits: When a taxpayer is selected for an audit, either randomly or due to a discrepancy, the IRS may audit all individuals connected to that taxpayer, such as employees, employers, or business partners.

You should always take an audit seriously and prepare documentation carefully. Regardless of whether or not you believe there is an issue with your tax documents, it can help to hire an IRS tax attorney. An attorney can assess your tax documents for issues, help you take action when there are issues, and walk you through the audit process. The IRS looks out for its own interests, and an attorney can look out for yours.

Audits can be done through mail or in person. The nearest Taxpayer Assistance Center is located in downtown Miami, in Suite 311 on 51 SW First Avenue. If you have too much documentation to mail, you can request an in-person meeting. The IRS assisted more than 62 million taxpayers in 2024. Your attorney can prepare you for the meeting or represent you during the meeting.

What Does an Audit Look at?

An audit reviews your information and financial documents to ensure they match your claims in your tax returns or other tax filings. This includes information like:

• Employment information
• Wages and income
• Medical and healthcare information
• Receipts of purchases
• Bills
• Loans
• Stolen property reports
• Bank account statements
• Bounced checks

If there are discrepancies in the information, this can change the amount you owe in taxes. In most cases, you only have to pay more in taxes. In other cases, you could face serious IRS penalties or even charges.

What Can Happen After an Audit?

An audit can be resolved in three ways:

1. The IRS finds no discrepancies in your tax information: No change needs to be made.
2. The IRS finds a discrepancy: A change is made to your tax obligation. You agree with the change and pay the new amount.
3. The IRS finds a discrepancy and changes your tax obligation: You do not agree with the change or the new amount you are required to pay.

If you don’t agree, you may be able to file an appeal about the decision. When you work with an attorney, they can help you craft the correct response to the IRS, depending on the outcome of the audit and whether or not it was fair. When you file an appeal, it must be done correctly to avoid further penalties.

The most serious audit outcome occurs when the IRS suspects you deliberately lied on your tax forms or are deliberately avoiding paying your taxes. You could face criminal charges for these offenses. Even a first offense of tax evasion can result in up to five years in prison.

FAQs About Miami IRS Tax Law

Does the IRS Forgive Tax Debt After Ten Years?

After ten years, the IRS may be unable to recover the tax debt you owe. This countdown begins from the time the debt was assessed. However, there are numerous things that can extend this 10-year time period or suspend it. This includes living outside the U.S. or during the period of military service. It also includes requests or actions for settling tax debt, such as requesting an installment agreement, filing for innocent spouse relief, or filing for bankruptcy.

When Should I Hire an IRS Tax Attorney?

Hiring an IRS tax attorney can be useful in many circumstances. It can be especially helpful if you are a taxpayer:

1. With significant unpaid tax liabilities that you cannot afford
2. Who is being audited, whether it is a for-cause audit or a random audit
3. There is a dispute with the IRS about the tax liability you owe

By working with an IRS tax attorney, you can mitigate the financial consequences and respond to the IRS correctly.

Who Can Help With IRS Issues?

An IRS tax attorney can help with IRS issues. This is the case whether you have tax debt, are filing complex taxes, or are facing an audit and investigation. If you have tax debt, an attorney presents your options for addressing it, such as a payment plan or an offer in compromise (OIC). In an audit, an attorney can help you prepare documentation, help you address any errors, and protect your rights.

Can a Tax Attorney Save You Money?

Yes, a tax attorney could save you money in several ways. With a strong tax filing strategy, you can maximize your legal deductions. If you have tax debt you cannot afford, an attorney can help you negotiate it. One option is an OIC, which settles your debt for less. In fiscal year 2024, the IRS only accepted 21.4% of OICs, so it’s important to work with an attorney to complete the process correctly and give yourself the greatest chance.

Work With an IRS Tax Lawyer in Miami

IRS tax cases can be complicated, especially when you have no experience with audits or debt settlement. Get in touch with TaxSmith, LLC today and learn how we can support you through this process and provide you with personalized legal advice.