Wyoming
Tax Attorneys
IRS Tax Lawyers in Wyoming
If you are dealing with tax issues in Wyoming, it is important to have an experienced tax attorney on your side. The Wyoming Department of Revenue oversees state tax laws in Wyoming, and the Internal Revenue Service (IRS) handles federal taxes. Navigating the intricacies of Wyoming tax laws and procedures can be challenging, so it is important to have an attorney who is familiar with both state and federal tax laws.
At Anderson Bradshaw, our team of tax attorneys can offer valuable guidance and representation to help you resolve your tax problems. We will work with you to develop effective strategies to address allegations or disputes related to your taxes. We will carefully analyze your specific circumstances, evaluate the relevant tax laws, and provide personalized advice tailored to your situation.
Whether you are facing tax debt, undergoing an audit, dealing with disputes, or encountering other tax-related issues, Anderson Bradshaw is equipped to offer the necessary expertise and guidance. We will collaborate with you to explore all available options and develop a plan that aims to achieve the best possible outcome for your case.
By partnering with a knowledgeable tax attorney who understands Wyoming tax laws and regulations, you can have peace of mind knowing that your interests are safeguarded and that you have a dedicated professional advocating for you every step of the way.
Trust Anderson Bradshaw to provide the expertise and support you need to navigate through tax challenges effectively.
Here are some of the benefits of working with Anderson Bradshaw:
- We have a team of experienced tax attorneys who are familiar with Wyoming tax laws and regulations.
- We offer comprehensive assistance and representation for both state and federal tax matters.
- We will work with you to develop effective strategies to address your tax problems.
- We will carefully analyze your specific circumstances and provide personalized advice.
- We will collaborate with you to explore all available options and develop a plan that aims to achieve the best possible outcome for your case.
If you are facing tax problems in Wyoming, contact Anderson Bradshaw today. We will be happy to discuss your case and answer any questions you may have.
Some of the different tax cases we handle include:
Offers in Compromise
The Offer in Compromise (OIC) program is a way to settle your tax debt for less than the full amount owed. The IRS will consider your ability to pay, income, expenses, and asset equity when deciding whether to accept your offer.
To qualify for an OIC, you must meet certain requirements. These include filing all required tax returns, making necessary estimated tax payments, not being in an open bankruptcy proceeding, having a valid extension for the current year return, and making tax deposits as an employer for the current and past two quarters.
If the IRS accepts your offer, you will have to pay it in full. You can pay the amount in a lump sum or in installments. Low-income individuals may be able to get a waiver of the application fee and monthly installments.
If the IRS rejects your offer, you can appeal the decision. You have 30 days to file an appeal. The IRS Independent Office of Appeals can help you with the appeal process.
It is advisable to seek the guidance of a tax professional if you are considering an OIC. A tax professional can help you understand the requirements and navigate the process.
Here are some additional things to keep in mind:
- The OIC program is complex and there are many factors that the IRS will consider when evaluating your offer.
- It is important to be honest and upfront with the IRS about your financial situation.
- You may need to provide the IRS with documentation to support your offer.
- The IRS may take several months to review your offer.
If you are considering an OIC, you should contact a tax professional or attorney to discuss your case. They can help you understand the requirements and navigate the process.
Stopping Tax Levies & Liens
A tax lien is a legal claim imposed by the government to secure unpaid tax debts. In Wyoming, the state has the authority to request a bank or financial institution to hold assets in an individual’s account and remit those amounts to satisfy the tax debt.
The IRS also has specific guidelines for releasing tax liens. There are several situations in which the IRS may release a lien, including:
- When the tax debt has been fully paid.
- When the collection period ended before the levy was issued.
- When releasing the lien would facilitate tax payment.
- When an installment agreement has been established that does not permit the lien to continue.
- When the lien would cause economic hardship preventing the payment of reasonable living expenses.
- When the value of the property exceeds the tax debt and releasing the lien would not hinder the IRS’s ability to collect the debt.
If the IRS denies a request to release a lien, individuals have the right to appeal the decision. Seeking the assistance of a tax attorney or qualified tax professional is crucial when dealing with tax liens. They can provide guidance, help navigate the process, and represent your interests throughout the proceedings.
It’s important to note that tax laws and procedures can vary, so consulting with a tax professional at Anderson Bradshaw, who specializes in the relevant jurisdiction, such as Wyoming, is advisable. They can provide personalized advice and guidance based on your specific circumstances.
Here are some additional things to keep in mind about tax liens:
- A tax lien can have a significant impact on your credit score and make it difficult to obtain loans or other forms of credit.
- A tax lien can also make it difficult to sell or refinance your home.
- If you have a tax lien, it is important to take steps to resolve the debt as soon as possible.
If you are facing a tax lien, you should contact a tax professional or attorney to discuss your options. They can help you understand your rights and responsibilities and develop a plan to resolve the debt.
IRS Audit Defense
Tax audits are conducted by tax authorities to verify tax compliance and can be triggered by various factors such as errors in calculations, unreported income, or undisclosed foreign accounts.
Receiving an audit notice can be a stressful experience, but it is important to remember that you have rights. You are entitled to representation during an audit, and it is advisable to seek legal assistance promptly to ensure proper guidance and representation throughout the process.
Anderson Bradshaw is a specialized firm that can provide the necessary assistance and representation for tax audits. We have a team of experienced tax attorneys who are familiar with the tax laws and regulations in Wyoming and other jurisdictions. We can help you understand your rights and responsibilities during an audit and represent you in negotiations with the tax authorities.
It is important to note that audits generally have a time limit, often three years, during which tax authorities can review past tax returns. However, exceptions can be made for cases involving significant errors or fraudulent activity.
If you have received an audit notice, it is important to contact a tax professional as soon as possible. We can help you assess your situation and develop a plan to address the audit.
Here are some additional things to keep in mind about tax audits:
- You are entitled to representation during an audit.
- You have the right to see the documentation that the tax authorities are using to support their audit.
- You have the right to request a copy of the audit report.
- You have the right to appeal the results of the audit.
If you are facing a tax audit, you should contact a tax professional or attorney to discuss your options. They can help you understand your rights and responsibilities and develop a plan to resolve the audit.
Unfiled Tax Returns
Wyoming imposes penalties for various tax-related infractions, such as underpayment, late filing, and late payment. Interest is also charged on underpayments, late payments, and unpaid balances of assessments that are more than 30 days old. However, Wyoming state law does provide an automatic extension of six months for filing individual and fiduciary income tax returns.
If you fail to file your tax returns, you may be subject to federal failure to file penalties. These penalties can range from 5% of the net tax due per month to 0.5% for every month or part of a month that the tax remains unpaid, with a maximum penalty of 25%.
Filing your tax returns promptly, even if they are late, is strongly encouraged by the IRS. It can help avoid additional interest and penalties, protect Social Security benefits, prevent complications when seeking loans, and reduce the risk of collection and enforcement actions.
Tax laws and regulations can be complex and subject to change. Therefore, it is advisable to consult with a tax professional or attorney who is knowledgeable about the specific tax laws and procedures of Wyoming or the relevant jurisdiction. They can provide personalized guidance based on your individual tax situation and the current tax laws and regulations.
Here are some additional things to keep in mind:
- The penalties for tax infractions can be significant, so it is important to take steps to avoid them.
- You may be able to get a waiver of penalties if you can show that there was a reasonable cause for your failure to comply with the tax laws.
- If you are facing tax penalties, you should contact a tax professional or attorney to discuss your options.
Innocent Spouses
Innocent spouse relief is a provision that allows one spouse to be relieved of joint tax liability when the other spouse understated the taxes due on their joint return, and the innocent spouse did not know about the mistake.
To qualify for innocent spouse relief, the innocent spouse must demonstrate that they:
- Had no actual or constructive knowledge of the tax understatement.
- Would be unfairly held responsible for the resulting tax debt.
The IRS carefully evaluates each claim, taking into account factors such as the innocent spouse’s level of involvement in the couple’s finances and whether they benefited from the understatement.
There is a time limit for seeking innocent spouse relief, generally within two years after the IRS has initiated collection actions. However, there can be exceptions and specific circumstances that may impact the timeframe, so it is crucial to consult with a qualified tax attorney or professional to understand the specific requirements in your case.
Obtaining innocent spouse relief can be a complex process, and seeking the assistance of experienced legal counsel is highly recommended. A tax attorney can provide guidance, help gather the necessary documentation, and represent the innocent spouse’s interests throughout the process to ensure the best possible outcome.
Here are some additional things to keep in mind:
- The innocent spouse relief process can be lengthy and complex.
- You will need to provide the IRS with documentation to support your claim.
- The IRS may request that you participate in an interview.
- The IRS will make a decision on your claim based on the facts and circumstances of your case.
If you believe you may be eligible for innocent spouse relief, you should contact a tax attorney or professional to discuss your case. They can help you understand the requirements and navigate the process.
Contact Our Wyoming Tax Attorneys
If you are facing tax issues in Wyoming, it is important to consult with a tax attorney who specializes in Wyoming tax laws. A tax attorney who is familiar with Wyoming tax laws can provide you with personalized guidance and representation tailored to your individual situation.
Here are some of the benefits of consulting a Wyoming tax attorney:
- Expertise: A tax attorney who specializes in Wyoming tax laws will have in-depth knowledge of the specific tax regulations and requirements in the state. They will stay updated with any changes in the laws and can provide accurate and current advice that is specific to Wyoming.
- Personalized Guidance: A tax attorney can assess your specific circumstances and provide personalized guidance tailored to your situation. They will analyze the relevant tax laws, help you navigate audits, tax disputes, or any other tax-related matters, and advise you on the best course of action based on your individual needs.
- Advocacy: When dealing with tax issues, it is important to have someone who can protect your rights and advocate for your interests. A tax attorney will ensure that your rights are upheld throughout the process and that you are treated fairly by the Wyoming Department of Revenue or the IRS.
- Communication and Negotiation: A tax attorney will effectively communicate and negotiate on your behalf to achieve the best possible outcome. Tax issues can be complex and overwhelming, and having a tax attorney by your side can provide valuable assistance and representation.
- Comprehensive Assistance: A tax attorney can provide comprehensive assistance, including tax compliance, representing you in audits or disputes, assisting with tax planning, and helping you resolve any outstanding tax problems you may have. They will guide you through the process, handle communication with tax authorities, and work towards efficiently and effectively resolving your tax issues.
If you are facing tax issues in Wyoming, I encourage you to consult with a qualified tax attorney who specializes in Wyoming tax laws. They will provide you with the expert guidance and representation you need to effectively address your tax issues and work towards a favorable resolution.
Our tax attorneys provide IRS tax help for residents all over Wyoming including Cheyenne, Casper, Gillette, Laramie, Rock Springs, Sheridan, Green River, Evanston, Jackson, Riverton, and more. Call (877) 986-1156 or contact our Wyoming tax attorney online to receive a free consultation.
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