Venice IRS Tax Attorney

Venice IRS Tax Lawyer

It can be very overwhelming to have any dispute or issue with the Internal Revenue Service (IRS). Issues can happen because of audits, late penalties, tax debt, and other disagreements. The most effective way to navigate these cases with confidence and protect your interests is to work with a Venice IRS tax attorney. They can help limit the consequences of these disputes and help you reach a better resolution.

TaxSmith, LLC: Your IRS Tax Lawyer in Venice

For years, TaxSmith, LLC, has supported taxpayers in disputes, audits, and negotiations with the IRS. We offer reliable and straightforward legal advice to help protect your financial interests. We know taxes can be frustrating, and we want to give you the information you need to take charge of your future.

Our team knows how federal tax codes affect both individual and business taxpayers. IRS agents look out for the interests of the agency during audits or when taking collection actions. You need an attorney with experience and resources looking out for you.

What Can an IRS Tax Attorney Help You Navigate?

Whether you are an individual or business taxpayer, an IRS attorney can help with some of the following issues with the IRS:

• IRS tax debt, particularly when you don’t have the financial means to pay it
• IRS audits, which can lead to serious consequences if not handled properly
• Tax preparation for federal taxes, which can help you avoid future errors
• Collection actions by the IRS to collect on unpaid tax debt
• Payroll and employment taxes, which have unique complexities
• Unfiled IRS tax returns, which can make it harder to file future taxes if ignored
• Investigations by the IRS into errors or discrepancies

An IRS attorney can help you with these issues, representing your interests and helping you take the right steps. There is a Taxpayer Assistance Center (TAC) Office near Venice in Sarasota, at 5971 Cattleridge Boulevard. In 2024, the IRS assisted over 62 million taxpayers, including through TAC Offices.

Why Might You Be Audited?

An audit occurs when the IRS reviews the information in your financial and personal records to ensure they match your tax form information. These reviews are conducted by the IRS for three main reasons:

1. Random selection of your taxes
2. Discrepancies in your financial or other information
3. You had transactions with an individual or business taxpayer who was selected for a random or for-cause audit

Audits are generally very routine processes. While it can be scary, it is often a straightforward process that determines the accuracy of your information. However, it can be very helpful to prepare for an audit with the help of an attorney, especially if you are worried that there are errors in your information. In 2024, the IRS closed over 505,500 audits on taxes throughout the United States.

An attorney reviews your tax information, helps you know what you can expect during an audit, and helps you take proactive steps if there are information errors. Audits can have more serious consequences if issues are found during the examination, from financial penalties to even criminal consequences.

What Are the Options for Dealing With IRS Tax Debt?

If you owe back taxes, penalties, and interest to the IRS, and you can’t pay them back, there may be other ways to address it. An attorney can help you navigate options like:

• Installment agreements. This is a payment plan to pay off the full debt over a longer period of time, often stopping collection actions.
• Innocent spouse relief. This is an option for debt forgiveness if your spouse or ex-spouse was responsible for incurring the debt, you were unaware of it, and you did not benefit from the money your spouse owed the IRS.
• Penalty abatement. This lets you clear certain penalties from your overall tax debt if you qualify for first-time abatement or if you have a reasonable cause for incurring the penalty or penalties.
• Currently Not Collectible status. This temporarily pauses the collection of your debt.
• Offer in compromise. This lets you settle the entirety of the taxes you owe for a lesser amount, paid in a lump sum or through periodic payments.

FAQs

Q: Can a Tax Attorney Help With the IRS?

A: Yes, a tax attorney can help with the IRS, but be sure to check their license to do so. Different tax attorneys may have different scopes of practice. TaxSmith, LLC, has the qualifications, credentials, and experience dealing with the IRS on behalf of taxpayers. We can represent you, negotiate a fair resolution to your tax debt, and protect your interests. If you have tax debt, are facing an audit, or you’re in another dispute with the agency, we can help.

Q: How Much Does an IRS Tax Attorney Cost?

A: The cost of an IRS tax attorney relies on specifics such as their location, their experience, and the kind of tax service you need. If you need an attorney to review your tax forms, this would likely be less costly than if you need representation in an audit or litigation dispute. Ongoing and lengthy cases are more likely to be charged an hourly rate, which also means that costs increase over time. The complexity of your case also affects costs.

Q: How Much Will the IRS Usually Settle For?

A: The IRS will usually settle for how much it thinks you can reasonably pay. In 2023-2024, the IRS accepted 7,199 offers in compromise, totaling nearly $163.4 million, averaging about $22,700 per offer. However, the exact amount for an offer compromise can vary depending on your financial situation and will be entirely unique to you. The IRS can also settle or reduce a debt through payment plans, currently not collectible, and other methods.

Q: Do IRS Tax Attorneys Really Help?

A: Yes, IRS tax attorneys can really help, but you should always check the licensure and credentials of an attorney to ensure they are able to help you. The support of an IRS attorney is likely necessary if you have tax debt you can’t repay, if you are facing collection actions, if you are being audited, or if you are in a dispute with the IRS. A Venice IRS tax attorney

can also help taxpayers with complex financial life circumstances prepare and file their taxes.

Hire an IRS Tax Attorney Today

When you hire an IRS tax attorney, it can be easier and less stressful when dealing with the IRS. Contact TaxSmith, LLC, today.