Best Tax Lawyers in Peoria, IL

FAQs

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

  The Tax Court holds trial sessions for Peoria tax cases in Chicago, located at Room 3908, Kluczynski Federal Building, 230 S. Dearborn Street, Chicago, IL 60604.

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

  The closest low-income taxpayer clinic in Peoria is the Prairie State Legal Services, located at 303 North Main Street, Suite 600, Rockford, IL 61101. You can call (815) 965-2134 for assistance.

• Are IRS revenue officers allowed to do intimidating and aggressive collection actions in Peoria?

  Yes, IRS revenue officers are authorized to use intimidating and aggressive collection tactics in Peoria. The government requires them to do so in order to collect the full amount of your tax liability as soon as possible. Revenue officers will not be satisfied until you commit to paying your back taxes.

• How often must self-employed individuals pay their tax obligations in Peoria?

  Self-employed individuals are encouraged to settle their tax obligations in Peoria on a quarterly basis. They can file their taxes using the Estimated Tax for Individuals Form 1040-ES given by the IRS. Their estimated taxes are based on their last year's income. The form can also estimate employees expected amount of income in the current year.

• How long can you file a tax refund claim in Peoria?

  If you are owed a refund in Peoria, you are given a time frame to file for a tax refund. You only have two years from when the tax was overpaid or three years from the date the return was due. However, there is an exemption for claiming refunds for individuals who are unable to handle their financial affairs when the regular statute of limitations has expired.

• How can one remove an IRS penalty in Peoria?

  Individuals who want to remove their IRS penalty need to send a written request for penalty relief. It is encouraged to seek help from an attorney when creating this letter because the IRS has no required form for penalty removal. The request must include your name, address, Social Security number, or tax ID number for businesses. Taxpayers should also list their penalties and include the reasons why they did not comply with the tax code.

• How can you minimize your tax exposure in Peoria?

  You can minimize your tax exposure in Peoria by working with an attorney. Your lawyer will help you create an annual filing plan to keep you informed about the federal and state thresholds. They can put your assets into a special irrevocable trust and use it so that you, your spouse, and your children can all benefit.