• February 21, 2020
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There are many reasons why the IRS might start a tax investigation. Anything from tax fraud to a simple mistake on your return can result in an audit. Depending on the findings, the situation may evolve into a criminal investigation. Many people don’t even realize they’re at fault pertaining to their taxes until they are informed about an ongoing IRS tax investigation. If you find yourself in such a situation, seeking help from a tax resolution attorney is key to pulling yourself out of the situation. The best way to approach an IRS tax investigation is with the help of an attorney that is experienced in IRS problem resolutions. In this post, we share a brief guide on IRS criminal investigations and tax problem resolution.

Related Blog: 5 Reasons to File Tax Return, No Matter the Income

What is the purpose of an IRS Tax Investigation?

The IRS initiates tax investigations of taxpayers that are suspected of taking part in a tax crime. Through the investigation, the IRS can gather evidence that either exonerate the subject or leads to the initiation of criminal prosecution. When an IRS tax investigation indicates wrongdoing, the consequences can be huge fines and even jail time. This is why it is important to avoid an investigation altogether or make sure that it is carefully managed. Working with a tax law attorney is crucial for your IRS problem’s resolution.

How does an IRS investigation differ from an audit?

During an audit, the IRS simply verifies that you have correctly determined your tax liability. However, when an investigation takes place, the IRS works to build a case against you in respect of your tax crimes. Evidence gathered can later be used for prosecution. An IRS investigation is far more serious and should be handled carefully with the help of tax law professionals, such as tax resolution attorneys.

Are you at risk of an IRS Tax investigation?

There are several reasons why the IRS might choose to investigate a taxpayer. A suspicion that any tax crime has been committed such as fraud or tax evasion is reason enough for the IRS to start gathering evidence against you. Some of the signs that you are on the IRS’s radar include having your bank records summoned or your accountant contacted by the CID. If you have been under audit and your agent suddenly goes MIA, they might also be getting ready to pass on your case to the CID.

Related Blog: IRS Tax Problems a Debt Attorney Can Help You With

What to do if you are being investigated

If you are already under investigation, it is important that you take action as quickly as possible. The most beneficial thing you can do is consult with a tax resolution attorney. Getting your case managed by a tax pro boosts your chances of getting the desired IRS problem resolution. You will also prevent making any mistakes that could worsen your situation. Inform your accountant about the investigation and cease communication thereafter. This is very important because, unlike attorney-client privilege, conversations with an accountant are not protected.

In Conclusion

IRS tax investigations can lead to dire consequences. If you are at risk of or already being investigated, contact a tax law attorney immediately. You can start working on your case through a free consultation with Nick Nemeth’s Law Offices. Simply call us at (972) 426-2553 to learn how we can help you get out of the predicament.

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What Our Clients Have to Say

Susan WilsonSusan Wilson
03:27 25 Jan 23
I have been very pleased with the solid counsel and guidance that Nick Nemeth has provided me regarding my tax issue. I found him to be honest and straightforward which I appreciated. I was impressed with his relevant experience and knowledge . He has definitely brought me peace of mind during a difficult and stressful time.
Sarah HowardSarah Howard
03:44 14 Nov 22
I would like to thank Mr. Nick and his staff for the superb help that I received from them. My IRS problem was resolved quickly and efficiently. It took 2 visits to convince me that I was over my head. I thought that I could call the IRS, appeal my tax notices and settle on a payment plan on my own. After many phone calls to the IRS, waiting sometimes more than 4 hours with no resolution to speak of, it proved to be extremely difficult and stressful. Revisiting Mr. Nick was a huge wake up call. My account was reviewed, and a payment plan was established with the IRS within a week. I will be forever grateful to the staff who worked on my case and especially to Lorna who listened to me vent while going through this painful process.
00:33 07 Aug 22
I cannot say enough good things about Nick and his team. When I first met with Nick he was up front, honest, friendly and efficient. When I worked with one of his attorneys, Eric B, I was just as pleased. All of the staff there are nice and very helpful. I wish I hadn't waited so long to get help with my issue. Over 6yrs I tried getting through and getting anywhere with the IRS and hardly made any progress. I know this may not be the case for all, and even I thought it would take longer than it did, but 3mos and they had my situation straightened out. I still can't believe it. Thank you thank you THANK YOU for all that you did for me. This is a huge burden gone out of my life now thanks to you. If anyone needs help out there, I know you may not want to shell out more money to get their help but it may just save you in the long run.
Spoilly GirlSpoilly Girl
23:49 03 Aug 22
The Nemeth Law team is exceptional. They treat their clients like a family member who is in crisis. They want you to get the best possible outcome. I really appreciate everything that they did for me. Jake and Ashley had the greatest role in my case and it all turned out for the best for me. Thank you Nick and team for easing my fears and getting me through the long process. I'm truly grateful.
Eddie WaltEddie Walt
19:44 12 Jul 22
During a time in which competent, professional service at a fair price seems to have disappeared, Mr. Nemeth and his team are a refreshing breath of fresh air.From my first phone call to the final settlement of our case with a non-responsive IRS, they under-promised, over-delivered and were in constant courteous contact to make sure we knew exactly what was happening and where we stood.I hope to never need their services again, but, should I receive another friendly letter from the IRS...I know who to call!
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