Best Tax Lawyers in Fall River, MA

FAQs

• Where does the Tax Court hold trial sessions closest to Fall River, Massachusetts?

  The nearest place of trial to Fall River is located in the John W. McCormack Post Office & Courthouse, 12th Flr., Courtroom 5, 5 Post Office Square Boston, MA 02109.

• Where is the low-income taxpayer clinic that is closest to Fall River, Massachusetts?

  The nearest low-income taxpayer clinic to Fall River is the WilmerHale Legal Services Center of Harvard Law School LITC.

  WilmerHale Legal Services Center 122 Boylston St. Jamaica Plain, MA 02130 Phone: 617-522-3003 TTY: (617) 522-3575

• Will the IRS charge you interest and penalties if you mistakenly underpaid your taxes in Fall River, MA?

  Yes, you will probably have to pay penalties and interest on top of the underpaid tax even if it's an innocent mistake. If the accidental underpayment was actually the mistake of your spouse, your Fall River tax attorney can help you file for innocent spouse relief to eliminate or reduce your liability for the underpayment.

• Do you have to disclose on your Fall River tax return the income you earned from selling a property located outside the country?

  Yes. U.S. citizens and permanent residency holders should report their worldwide income on their tax returns. If you already paid tax on the property sale to the other country, you may be able to claim it as a foreign tax credit on your U.S. tax return. It is advised that you work with a Fall River tax attorney versed in international tax to prevent errors on your return.

• Can a tax attorney help if you currently don’t earn enough to pay your taxes in Fall River, MA?

  Your Fall River tax attorney can request a Currently Not Collectible (CNC) status for you. The CNC status can provide relief if you can’t realistically pay the tax debt or if paying the debt will result in serious financial hardship. To be eligible, the IRS must see that your gross monthly income is insufficient to cover allowable expenses based on the National Standards. The CNC program forgives some tax debts and halts collection efforts, including bank levies and wage garnishments.

• Will you go to jail if you failed to withhold your employees’ income taxes in Fall River, MA?

  Potentially. Willful failure to withhold your employee’s income taxes, and failure to pay the said taxes to the IRS are criminal acts under the Internal Revenue Code Section 7202. A conviction carries a maximum fine of $0.5 million and a maximum sentence of five years in jail. If you are in this situation, get representation from an experienced Fall River tax attorney right away.

• Should you keep the tax returns you prepared for a Fall River client confidential if the IRS is conducting a criminal investigation on them?

  Yes, unless the court subpoenas the tax returns. Unlike with lawyers and their clients, the confidentiality privilege does not exist between tax preparers, enrolled agents, or accountants and their clients. This does not mean you should volunteer to disclose your client’s tax return or tax-related information to the IRS. Always require the subpoena before handing over information and documents. Inform your own tax attorney in Fall River if you think you may be implicated in your client's criminal investigation.