There can be consequences for individuals or businesses who fail to pay what they owe to the Internal Revenue Service (IRS). While dealing with the federal government can be daunting, they are not the only tax authority to be concerned about. The failure to comply with the Commonwealth of Virginia’s laws can also lead to steep fines and even potential criminal charges.
The good news is that you do not have to deal with these challenges on your own. A skilled tax attorney could help you prepare for the future, resolve controversies, and deal directly with the government on your behalf. Let a Richmond tax lawyer advise you of your rights and obligations.
Many people file their state and federal tax returns on their own each year without issue. While this approach may work for some, there are other situations where the guidance of our Richmond tax attorneys could be invaluable.
The early stages of a company are its most important, and few decisions are more crucial than those surrounding tax obligations. An attorney could provide helpful advice on selecting a structure or avoiding future issues.
It is vital to talk with a lawyer when you or your business gets notice of a pending audit. While the selection for an audit does not necessarily mean things will go poorly, there is the possibility of serious consequences in the future.
Not all audits are exactly the same. Some are relatively simple, requiring only a limited number of records to be mailed to the IRS. In other cases, federal investigators might want to do an in-person inspection of a business. In either scenario, the support of an attorney is critical.
Dealing with the IRS can be straightforward when everything is going smoothly. When things go wrong, having an advocate could help keep you from making things worse. This is true even if the authorities have not yet sent notice that they have identified a problem.
It could be helpful to speak with counsel if you have not made payments or filed returns. The more delinquent years there are, the more likely it is that the support of an attorney is necessary to help resolve these issues.
While compliance issues and tax planning advice are important, there are a few situations where the guidance of a tax attorney is highly valuable, such as during a criminal investigation. Most tax issues are resolved without the prospect of an arrest, but alleged acts of fraud or wrongdoing could eventually lead state or federal officials to file charges.
Just like any other matter, a person arrested for tax-related offenses has the right to a vigorous defense. In many cases, these issues could be resolved without the need for a trial. In fact, it may be possible to resolve any issues amicably before an arrest is ever made. Let our tax attorneys in Richmond handle these complicated disputes.
If a tax issue concerns you or you simply need help planning for the future, there is no better time to speak with an attorney than the present. The right support could help set you up for success and resolve any potential issues.
A Richmond tax lawyer is here to help. Reach out to us to discuss your tax-related issues during a private consultation.