Mississippi
Tax Attorneys

Offers in Compromise

The services of an experienced tax attorney, such as those at Anderson Bradshaw, can be crucial when pursuing an offer in compromise (OIC) with the IRS. An OIC can provide taxpayers with an opportunity to settle their tax debt for less than the full amount owed, offering potential financial relief.

A tax attorney specializing in OIC cases can provide valuable guidance and representation throughout the entire process. They have a deep understanding of the complex guidelines and procedures involved in the offer in compromise program and can help you navigate through the eligibility requirements.

One of the primary roles of a tax attorney is to assess your financial situation and determine if you meet the necessary criteria for an OIC. They will gather the required documentation, analyze your income, expenses, assets, and liabilities, and develop a comprehensive strategy to present the strongest offer to the IRS.

The expertise of a tax attorney is particularly beneficial during the negotiation stage with the IRS. They will advocate for your interests, communicate with the IRS on your behalf, and present your case in the most favorable light. Their knowledge of tax laws and experience in dealing with the IRS can greatly increase the likelihood of a successful outcome.

In the event that your offer in compromise is rejected, a tax attorney can guide you through the appeals process. They will help you understand the reasons for the rejection, gather additional evidence if necessary, and present a compelling case during the appeals proceedings.

Engaging the services of a tax attorney from Anderson Bradshaw can provide you with peace of mind, knowing that you have a knowledgeable advocate on your side who is dedicated to protecting your rights and working towards a favorable resolution for your tax debt.

It is important to note that each tax situation is unique, and the advice and guidance provided by a tax attorney should be tailored to your specific circumstances. By consulting with a tax attorney, you can receive personalized advice and solutions that align with your needs and goals.

IRS Audit Defense

When undergoing an audit in Mississippi, it is essential for taxpayers to respond to requests for information or clarification from the Mississippi Department of Revenue in a timely and accurate manner. Failure to cooperate with the audit process can lead to the issuance of a notice of proposed assessment, which can have legal consequences.

Audits in Mississippi can involve both the Mississippi Department of Revenue and the IRS, as they may examine both state and federal tax matters. Various factors can trigger audits, such as claiming a home office deduction, underreporting income, or questionable business deductions.

Receiving an audit notice often includes information about potential penalties. These penalties can have significant financial implications, emphasizing the importance of taking audit notices seriously and considering seeking guidance from tax attorneys or professionals experienced in handling audit matters.

In IRS audits, the general statute of limitations allows the IRS to review tax returns for up to three years. However, exceptions can extend the statute of limitations in cases of major errors, fraud, or substantial underreporting of income.

When facing an audit, seeking assistance from a tax attorney or a reputable firm like Anderson Bradshaw can be beneficial. These professionals possess the knowledge and experience to navigate the audit process, protect the taxpayer’s rights, and assist in resolving any issues that may arise.

It is important to note that audit procedures and laws can vary, and individual circumstances may require personalized advice from a tax professional at Anderson Bradshaw or another qualified firm. They can provide guidance specific to your situation and help ensure compliance with the audit process.

Innocent Spouses

Innocent spouse relief is a provision available to couples who file joint tax returns and meet specific criteria. It provides an opportunity for an innocent spouse to be relieved of liability for additional taxes resulting from an understatement of taxes on their joint tax return.

To qualify for innocent spouse relief, the innocent spouse must demonstrate that they had no actual or constructive knowledge of the understatement of taxes. They also need to establish that it would be unfair to hold them responsible for the tax debt. Generally, innocent spouse relief is available to couples who are still married and living together in the same household.

It is crucial to be aware of the timeframe for requesting innocent spouse relief. The IRS requires individuals to request relief within two years of the agency’s collection actions. Therefore, taking timely action is crucial to preserve the right to seek innocent spouse relief.

Given the complexities involved in innocent spouse relief cases and the need to meet specific criteria, it is highly advisable to seek legal representation from a tax attorney who has experience in handling innocent spouse relief cases. An attorney at Anderson Bradshaw with expertise in this area can provide the necessary guidance and assistance throughout the process. They can help gather the required documentation, present a strong case for relief, and navigate the intricacies of the innocent spouse relief requirements.

Engaging the services of a knowledgeable tax attorney can significantly increase the likelihood of a successful innocent spouse relief claim and ensure that your rights are protected throughout the process.