Best Tax Lawyers Aurora, CO

Aurora, CO Tax FAQs

• Where does the Tax Court hold trial sessions closest to Aurora, Colorado?

  The United States Tax Court holds sessions in Denver at Courtroom C502, Byron G. Rogers U.S. Courthouse, 1929 Stout Street (80294).

• Where is the low-income taxpayer clinic that is closest to Aurora, Colorado?

  Colorado Legal Services, situated in Denver, serves as the nearest low-income taxpayer clinic to the city of Aurora.

• What happens to Aurora residents who are found guilty of tax evasion?

  Aurora residents who are convicted of tax evasion or tax fraud may face a maximum prison term of five years, along with fines reaching up to $100,000. Engaging the services of a skilled tax attorney can safeguard the rights of taxpayers and facilitate the pursuit of an advantageous resolution to their tax evasion charges.

• Can the IRS seize the personal or business assets of Aurora taxpayers with unpaid tax debts?

  Yes, the IRS has the power to confiscate the personal or business assets of Aurora residents with outstanding tax debts. It is worth emphasizing that before resorting to asset seizure, the IRS typically explores alternative methods of collection and ensures that taxpayers are given ample notifications and opportunities to address their tax liabilities.

• Is it possible for an Aurora taxpayer to be incarcerated for failure to pay taxes?

  Aurora residents who fail to fulfill their tax obligations to the IRS can potentially be sentenced to a maximum of five years in prison. Moreover, they may be subject to a penalty of one year of imprisonment for each year in which taxes were unpaid. While the IRS generally does not pursue criminal tax evasion cases, it is important to note that the consequences of such actions can be harsh.

• How long does it take for an Aurora taxpayer’s Offer in Compromise request to be approved by the IRS?

  Typically, the IRS takes approximately six to 12 months to review and approve Offers in Compromise submitted by taxpayers in Aurora. In certain instances, the approval process may extend for 18 to 20 months. If the taxpayer's case is rejected and subsequently appealed, the duration will be further prolonged. Taxpayers often resort to filing Offers in Compromise due to various reasons, such as outstanding withholding taxes, extensive audits, or multiple years of unfiled tax returns.

• What are the options available to Aurora residents who owe taxes that they cannot pay?

  Aurora residents who are unable to pay their taxes have access to several tax relief programs that they might qualify for. These programs encompass options such as tax settlements, penalty abatement, and installment agreements. Additionally, taxpayers may have the opportunity to apply for a Currently Not Collectible status, which temporarily halts collection efforts from the IRS.