Nick Nemeth, an experienced tax attorney who began a very successful Dallas based law firm, has some practical tips which can help readers avoid tax disputes with the IRS.
Dallas, TX – Feb. 4, 2014– Nick Nemeth, a top tax lawyer and reputable author, has published another article which can be found on his website that provides insight for taxpayers about the process used for an IRS audit.
“Avoid an IRS Dispute Before it Begins: Seven Tips to Avoid IRS Trouble” is the title of the latest article by experienced tax lawyer Nick Nemeth, and he gives taxpayers key facts and information which can help them avoid IRS woes and tax audits.
According to the author “No one wants to become part of an IRS audit, and a notification of this issue is something that no one wants to find in their mailbox. We are tax specialists, and we represent a wide variety of taxpayers in the local community in their battle with the IRS. We strive to make tax disputes as painless and stress free as possible for our clients.”
While successfully resolving an IRS controversy is great it is even better if you can avoid any tax dispute completely. Tax filing season is almost here again, and the new article shares a number of tips which are practical and useful for taxpayers. These tips can help a taxpayer avoid any problems with the IRS before any issues can start. The tips offered include:
1. Always double check your tax return to avoid simple mistakes and common errors which would cause the IRS to take a second look at your account. The number of taxpayers who make simple mistakes in math, who forget to actually sign the return, or who place data on the wrong line are just inviting the IRS to start the audit process. These common mistakes will cause the IRS computer system to red flag the return, and it will be examined further by a live person.
2. Any business deductions that are claimed for business losses need to be legitimate and well documented. If you own a business that has been operating for more than 1 year and you claim a business loss the IRS will usually become suspicious. It is important to claim any actual deduction that you are eligible for so you do not give the IRS more than you truly owe, but make sure that you retain documentation and supporting records for these deductions.
3. Make sure that you have the right to claim any dependents that you list on the tax return, and verify that these dependents will not be claimed by anyone else for tax purposes. One of the biggest red flags for the IRS is a dependent being claimed by more than one tax payer. The IRS computer system will catch this duplication and will flag all of the returns which list the same dependent for further review.
Nick Nemeth and the attorneys at his law practice specialize in dealing with the IRS and tax law, operating in several areas of Texas. The attorneys at the firm focus only on assisting people and businesses who have IRS issues, and the associated problems and stress that comes from dealing with the IRS.
To read the entire article visit: https://www.myirsteam.com/avoid-an-irs-dispute-before-it-begins-seven-tips-to-avoid-irs-trouble/.
To find out more about the firm and attorneys go to https://www.myirsteam.com
About Nick Nemeth:
Nick Nemeth has handled tax law cases for close to 2 decades, and he has also authored many popular publications. Nick has created a reputation for being fearless in his advocacy for taxpayers, and this reputation is well deserved. There are few if any IRS disputes that can not be favorably resolved for the taxpayer with a hard working and experienced lawyer like Nick on their side.