Best Tax Attorneys in Bolingbrook

FAQs

• Where does the Tax Court hold trial sessions closest to Bolingbrook, Illinois?

  The nearest permanent tax court to Bolingbrook within the state is in Chicago, Room 3908, Kluczynski Federal Building, 230 S. Dearborn Street (60604) .

• Where is the low-income taxpayer clinic that is closest to Bolingbrook, Illinois?

  The nearest low-income taxpayer clinic to Bolingbrook is in Wheaton, Prairie State Legal Services at 303 North Main Street, Suite 600 Rockford, IL 61101, (815) 965-2134.

• What common errors committed by the IRS give residents of Bolingbrook a reason to file appeals?

  The IRS auditing errors that commonly give Bolingbrook residents cause to appeal are miscomputations of gross income and depreciation expenses. These lead to an overvaluation of a person's assets. The determination of ordinary and necessary business expenses also tends to be too small, resulting in numbers that should be exempted or deducted being kept as income.

• What is the remedy for a newly divorced ex-spouse who was sent a tax fraud bill by the IRS though the liability was caused by the former partner?

  In Bolingbrook, a newly divorced ex-spouse who receives a tax fraud bill for a liability attributed by the divorce court to a former partner may seek innocent spouse relief. This remedy is available since the IRS normally does not follow the tax agreements in divorce decrees, and public policy wishes to save hapless parties from the evasion committed by a husband or wife.

• What red flags does the IRS look for before charging someone with a criminal tax offense in Bolingbrook?

  In Bolingbrook, before charging someone with a criminal tax offense, the IRS looks for red flags like fraudulent information that has led to an underreporting of income or an overstatement of deductions. Impersonating charities and natural persons also sets off the revenue service, as does mixing personal and business expenses.

• In Bolingbrook, is it possible to negotiate for lower taxes and penalties during offers in compromise?

  Yes, it is possible in Bolingbrook to negotiate for lower taxes and penalties when initiating an offer in compromise. The process covers anything a person may owe the revenue service, though if the taxpayer's liabilities are mostly in the form of penalties, it could be more fitting to use the penalty abatement remedy instead.

• In Bolingbrook, can tax debt can be discharged through bankruptcy?

  In Bolingbrook, tax debt can be discharged through bankruptcy if it is over three years old. The returns must ideally be filed on time, but if they are late, there have to be filings for two years or more. A person who has missed any voluntary filing of tax returns cannot discharge tax obligations in insolvency.