What is an IRS Tax Investigation?

When a taxpayer is suspected of deliberately avoiding paying tax or reporting taxable income, the IRS can trigger an audit. In some cases, it can go straight to launching an investigation to get to the bottom of the issue. This is a situation that many taxpayers in Dallas find themselves faced with every year. If you are the subject of an IRS tax investigation, it is important to seek IRS tax problem resolution from a reputable Dallas tax attorney. This will help you present a sound defense and mitigate any potential fallout. Let take a look at some basic information about IRS tax investigations. 

IRS Tax Investigation

It is very easy to rouse the suspicion of the IRS and trigger an audit that leads to an investigation or an investigation from the outset. The scary thing is that you may not even be aware that the government agency is focused on you. Issues such as a simple oversight, mistake, unreported income, false statements, tax fraud, being accused of tax evasion, malpractice by your accountant are enough to attract an IRS tax investigation. 

IRS Tax Audit

As mentioned before, an audit can sometimes lead to a full-blown IRS investigation. There are different types of audits that are conducted in a variety of ways. You will be required to support information contained in your tax returns by providing documents and records. IRS agents may come to you, ask you to visit a field office, or require everything to be done through correspondence. If any ‘badges of fraud’ are detected, the matter may be referred to the criminal investigation unit. 

Last Word

It is always advisable to file and pay your taxes in time to avoid IRS tax problems. You must be honest in all your dealings and never delay hiring a seasoned Dallas tax attorney whenever you face tax issues. You can find Dallas tax attorneys when you search online for a tax resolution attorney. Make sure to do some background checks before settling for any particular attorney for IRS tax help in Dallas. You may need to find a dual license tax attorney and CPA if you are the subject of an IRS tax investigation. As mentioned before, time is of the essence when looking for IRS tax problems resolution.