Tax Attorney – Edmond OK

Tax attorneys are experts in federal, state, and local tax law. They help their clients minimize tax debt, resolve disputes with the Internal Revenue Service, and take advantage of any possible deductions and credits.

Our IRS tax attorney edmond ok can help you find the best resolution for your unique situation. We have a proven track record of success in resolving back taxes, payroll garnishments, and more.

Tax Planning

Taxes can be overwhelming, confusing, and stressful. Especially with the changes made to tax laws and rates by the IRS in 2018.

The best way to deal with your taxes is through tax planning. This process helps you to maximize your income, deductions, and tax credits to reduce your overall tax bill.

Whether you are an individual filing your taxes for the first time or have years of tax returns in front of you, tax planning will help to ensure that you pay the lowest amount of taxes possible.

To get started with tax planning, you should first understand your taxable income. This includes things like the income you earn from your job, rental properties, and even profits made from investments.

The tax law can be complex, so it’s important to work with a professional to make sure you’re taking advantage of all the opportunities available. This can save you a lot of money in the long run and can help to make your tax season less stressful.

Tax Litigation

Tax litigation is a process in which a taxpayer challenges the IRS’s action or failure to act. Litigation may involve negotiations with the IRS, a written appeal to the Appeals Office, or a trial in the United States Tax Court, District Courts, or Court of Federal Claims.

Whether you’re facing an IRS audit, an appeal, or have been accused of violating the tax laws, Caplin & Drysdale offers highly skilled litigators who will translate their knowledge and experience into winning strategies in the different forums that are available for resolving federal tax disputes.

Our firm has represented clients in controversies involving all aspects of the federal tax code, including income and payroll taxes, excise taxes, reporting penalties, foreign account reporting requirements, FBARs, levy enforcement, and criminal matters arising from violations of the Internal Revenue Code or state and local tax laws. We also handle a wide variety of tax disputes at the state level, including state and local taxes on individuals and businesses.

Tax Audits

If you have been receiving IRS audit notices in the mail, you should contact an Edmond tax attorney immediately to protect your rights and minimize the amount of money that the IRS may add to your bill. Even the most dutifully reviewed and filed taxes may be flagged for an audit, which can result in thousands of dollars added to your tax debt.

The IRS identifies audit candidates based on certain criteria, such as returns that are suspiciously similar to those of other taxpayers, or those that appear to be underreported. It also uses guidelines based on the deductions, credits, and exemptions that are most prevalent for individuals in different income brackets.

During an audit, the IRS will ask you to send documents and other information that supports your tax returns. This may include receipts, canceled checks, loan agreements, employment records, and more. It can be an extremely frustrating and time-consuming process. A tax lawyer can help you respond to IRS requests, fight for your rights, and make sure that all appropriate expenses are included in the audit.

Tax Resolution

If you owe the Internal Revenue Service money, it is important to work with a tax resolution specialist. This will help you determine if you qualify for a payment plan and get the right documentation.

The IRS is one of the most powerful creditors in the country, and it has many resources to use to collect its debt. This can be intimidating for some people.

An Edmond tax attorney may be able to help you get out of trouble with the IRS and minimize your tax liability. They can also represent you in court to resolve disputes.

You can get help with a variety of tax problems, including back taxes, liens, and levies. They can also assist you in getting an installment agreement or preventing the IRS from garnishing your wages.

Almost everyone will at some point need tax help from a tax professional. This is especially true if you are a business owner.