Best Tax Attorneys in Irvine

FAQs

• Where does the Tax Court hold trial sessions closest to Irvine, California?

  The place of trial nearest Irvine is at the Edward R. Roybal Federal Building located at 255 E Temple Street, Los Angeles, California 90012.

• Where is the low-income taxpayer clinic that is closest to Irvine, California?

  The closest low-income taxpayer clinic to Irvine is the Public Law Center LITC located at 601 Civic Center Drive, West Santa Ana, CA 92701-4002. You may also try the Chapman University Tax Law Clinic at One University Drive, Orange, CA 92866.

• Can taxpayers in Irvine represent themselves in the tax court?

  Yes, if the taxpayer in Irvine chooses not to hire a lawyer, they may act pro se or represent themself in court. A non-attorney must submit an application, take the exam, and provide the Admissions Clerk with recommendation letters from two sponsor attorneys who are admitted to practice by the tax court. 

• Should taxpayers in Irvine include cryptocurrency on their tax returns?

  Yes, an individual in Irvine with cryptocurrency activities must also include this information on their tax returns. It is advised for the taxpayer to keep ledgers for cryptocurrency purchases and sales because the majority of cryptocurrency accounts do not offer 1099-B tax documents. Additionally, it is best to stick with one cryptocurrency platform to prevent tax-related issues.

• What is the deadline for Irvine taxpayers to file a deficiency suit?

  Within 90 days after the taxpayer in Irvine receives the notice of a deficiency by mail, the petition for redetermination must be submitted to the Tax Court. Additionally, if the taxpayer receives the notice of deficiency while they are outside the U.S., the deadline for petitions is extended to up to 150 days.

• How far in the past may an Irvine IRS audit go?

  The IRS has three years, on average, to conduct an audit and claim that your tax liability has changed. In Irvine, the filing of your return or the due date for your return (usually April 15), whichever occurs later, is the initiating event for the IRS statute of limitations. Where there is a gross income omission of more than 25% or fraud, the statute of limitations is six years.

• How does crowdfunding work in Irvine in terms of taxes?

  The money you donate to crowdfunding in Irvine will only be tax deductible if the recipient organization is a 501(c)(3) charity. If not, these would be considered non-deductible gifts that are non-taxable. As for non-501(c)(3) groups or individual recipients of the donation, the funds will be treated as gifts for tax purposes. Crowdfunding revenue is also considered a taxable income for hobbyists and for-profit businesses.