Where Your IRS Problem
Is No Problem!

If you’re going to be audited by the IRS, you are probably anxious about why it’s happening, when it will happen, what you’ll have to do, and how this could affect your financial livelihood. In most cases, an IRS audit is initiated when the IRS has detected a problem with the information contained in a tax return; surprisingly enough, an audit could be requested even years after filing, and could potentially leave you with an enormous, unanticipated, and devastating tax obligation.

There are two types of IRS audits: those that occur via the mail, and those that occur in the “field.” A mail audit can be simpler to deal with, as it usually just requests that you send proof of having made a purchase or charitable donation. Audits that occur in the “field” can be more intimidating and complex, and could involve an IRS agent visiting your home or company and conducting an investigation. If you face an impending field audit in Ohio, it is important that you have a tax resolution attorney provide you with guidance and make sure that your rights are protected.

There are two possible outcomes of an IRS audit: the IRS deems your tax return valid, or confirms their suspicion of a problem and imposes a change to the amount you received or owe to the IRS. If the latter occurs, you have the right to file a tax appeal, which should be done with the assistance of a qualified Ohio tax resolution attorney.

IRS forms are overwhelming and I don’t have time for them; can a tax resolution attorney in Ohio help me?

Not everyone is aware of it, but inaccurately completing tax forms can result in a more significant tax obligation or even prompt an IRS audit, which would be both time-consuming and emotionally draining. Depending on the events that have occurred in your life over the course of the year (e.g. the purchase or sale of a house, starting or ending a school program, gaining or losing dependents, starting work as an independent contractor), the information you must provide and the forms you must complete could change. For help navigating the complexity of IRS tax forms and to obtain the peace of mind in knowing you’re saving as much of your hard-earned money as possible, hire a qualified Ohio tax resolution lawyer.

I’m starting a business; what tax outcomes can I expect?

When starting a business, one of the foremost considerations is which entity to form, as your decision will have important tax consequences. For example, an LLC will have a different tax obligation than an S corporation, which will have different tax obligations and/or advantages than a C corporation. At Stamps & Stamps, you’ll be met with friendly, knowledgeable attorneys who will take into consideration all of your personal and professional goals, and ensure that you are choosing a structure that will provide you with the greatest possible tax benefit and savings.

In addition to helping with tax-related issues in business formation, the tax resolution attorneys at Stamps & Stamps in Ohio can assist people who are looking to buy or sell a business, or seeking business succession.

Stamps & Stamps serves clients in Dayton, Ohio. Contact them today.