Best Tax Attorneys in Newport Beach

FAQs

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

  The venue closest to Newport Beach where the Tax Court holds trial sessions is the Edward J. Schwartz Federal Building at 880 Front St., San Diego, CA 92101.

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

  The closest low-income taxpayer clinic to Newport Beach is the Public Law Center at 601 W Civic Center Dr, Santa Ana, CA 92701.

• Is it possible for the IRS to waive penalties in Newport Beach?

  With the exception of fraud penalties, IRS fines are frequently waived in Newport Beach if the taxpayer can show that he or she acted reasonably and in good faith. Sometimes, as a courtesy, the IRS will excuse a particular penalty such as a failure-to-pay penalty or one-time late filing penalty. Individuals can provide evidence of reasonable cause in situations where they have experienced a severe illness, death, unavoidable absence, or the death of a close family member.

• What steps should you take if someone has stolen your identity and submitted a fraudulent tax return in Newport Beach?

  If you're a victim of identity theft in Newport Beach, complete Form 14039 or the IRS Identity Theft Affidavit. Send a paper return with the attached affidavit to the IRS Service Center if you couldn't file electronically because of an identity thief's submission. Within 30 days, the IRS will acknowledge the form's receipt. Supporting documents may be requested but aren't always needed. The IRS will correct records and issue the correct refund once identity theft has been confirmed.

• Where can Newport Beach residents initiate an appeal for an audit?

  If you have been through an IRS audit in Newport Beach and it has concluded, leading to the issuance of a "Notice of Deficiency," and you still have unpaid taxes based on the IRS assessment, you can opt to file a petition with the United States Tax Court to address the issue and seek a resolution. Keep in mind that you have 90 days from the date on the Notice of Deficiency to file this petition.

• What are your rights during a tax audit in Newport Beach?

  When engaging with the IRS during an audit in Newport Beach, you have additional legal and procedural protections. These rights include the ability to record your dealings with the IRS, the opportunity to speak with IRS supervisors if you believe that the auditor is treating you unfairly, and the right to appoint a representative to advocate for you in meetings with the IRS.

• What does an IRS auditor examine during an audit in Newport Beach?

  During an audit in Newport Beach, the IRS concentrates on two primary areas:

  • Income: The IRS will inspect your bank statements and sales ledgers to verify your reported revenue. Further scrutiny may occur if your business involves cash transactions. If they discover significant underreporting of income, your case can be forwarded for possible criminal prosecution.
  • Expenses: The IRS carefully examines supporting documents and receipts to validate claimed expenses, focusing on personal charges falsely categorized as business expenses (e.g., vehicles, travel, entertainment).