Tax Audit in Tampa

Tampa Tax Audit Protection

One value of invoking the services of a tax attorney proactively—that is, before you desperately need one due to a tax audit that you are not prepared for—is that an attorney focused on tax audit protection in Tampa may be able to reduce your odds of being audited altogether.

Avoiding a Tampa tax audit

No tax law attorney in Tampa can guarantee that you will never be audited.  But an attorney experienced in tax audit protection can do much to help you—

• Reduce the likelihood of an IRS tax audit
• Reduce the stress from not knowing if your finances are audit-ready
• Prepare for a tax audit
• Roll gracefully through the experience of a tax audit
• Represent you when you need to defend against the IRS

Certain factors increase your odds of being audited.  One of those factors is wealth.  According to IRS statistics, in 2006 the IRS conducted approximately 1.3 million audits.  With about 132 million returns filed that year, the overall odds of being audited were less than 1 percent. But consider this—

• If you made more than $100,000 but less than $1 million, your odds of being audited  nearly doubled to 1.67 percent. 
• If you earned more than $1 million, your risk of an audit skyrocketed that year to 1 in 17 tax returns.

It is most often those whose personal or business finances put them in the higher risk categories that turn to us for tax audit help in Tampa. We have knowledge of Tampa tax laws and can help with your case.  Other high-audit risk factors include:

• Higher income
  While we do not advise you avoid audit risk by earning less, we can advise you on how to legally distribute your income into smaller taxable units.
• Using offshore cards
  While offshore income with offshore accounts was once an easy way to avoid U.S. income tax, it has become an IRS red flag, easily tagged by the use of offshore credit cards.
• Pride
  It cometh before a fall, it is said.  You may be very proud of your income and how you earn it or save it, but bragging about how you avoided paying taxes to anyone can cost you because the IRS rewards informers handsomely—as much as 30 percent of any additional tax the IRS collects from you for their part in uncovering your tax liability.  They simply file IRS Form 211. 
• Lack of common sense
  If a friend or advisor tells you about a great way to shelter your income from taxes that seems too good to be true, it probably is.  And if the IRS believes that your tax court defense against such tax shelters is a frivolous argument, they can slap you with high penalties.
• High business deductions in low income business
  Legitimate business expenses are fine.  But if you run a business just to claim that personal expenses are actually business related, you run a high risk of an ugly audit outcome.

Preparing for Tampa tax audits

If your business is selected for an audit, The Tampa tax attorney, Joe Gonzalez, PA gets to the bottom of it.  You could have been randomly selected, erred in filing your forms, or an employee or adversary could have submitted your company for review.  No matter what, attorney Joe Gonzalez and his trusted staff determine the cause for your tax audit in Tampa and help your business get through the process as painlessly as possible.

Get Tampa tax audit help

For more information on how Joe Gonzalez, PA can help you with tax debt in Tampa, call the firm at 813-418-7382 or contact the office online to schedule a free initial consultation.