FAQs for Our Tax Law Attorneys in Ponte Vedra Beach, FL

The more you know about the intricacies of taxes and the legal system, the better choices you can make. When you have questions about attorney tax law in Ponte Vedra Beach, FL, count on us for the information you need. Contact the Law Offices of Stuart E. Goldberg, PL, to learn more about tax law and get answers to your specific questions.

What reasons might the IRS have for auditing me?

The IRS can audit people for several reasons, such as mathematical errors, reporting partial income, or claims that appear suspicious. For example, people are often audited because they claimed multiple charitable operations, numerous losses on the Schedule C form, or excessive-seeming business expenditures (including home office deductions.)

Is there a statute of limitations for back taxes?

There is a statute of limitations, but it is complicated. Generally speaking, the IRS has ten years to collect your back taxes, after which they cannot take action against you. However, it is best to speak with a professional tax lawyer to see where your case stands.

What is the difference between a tax attorney and a CPA?

While there is some overlap in their knowledge, CPAs focus on financial concerns, while tax attorneys focus on legal concerns. Although both professionals may represent a client before the IRS for audits, collections, and appeals, only a tax attorney can provide attorney-client privilege. This means a CPA can testify against you even while working for you.

When should I hire a tax attorney?

It’s recommended to consult with a tax law attorney if you are being audited, is under investigation for tax fraud, have received IRS notices, or simply have tax problems.