Top Tax Attorneys Cary, NC

Cary, NC Tax FAQs

• Where does the Tax Court hold trial sessions closest to Cary, North Carolina?

  The place of trial nearest Cary is the United States Tax Court located at Hiram H. Ward Federal Building (Room 847) 251 North Main Street, Winston-Salem, NC 27101.

• Where is the low-income taxpayer clinic that is closest to Cary, North Carolina?

  The low-income taxpayer clinic closest to Cary is the Charlotte Center for Legal Advocacy at 5535 Albemarle Rd., Charlotte, North Carolina 28212.

• Is it possible to declare bankruptcy without making an Offer in Compromise and have my taxes discharged in Cary?

  Yes. In Cary, some taxes that can be discharged without entering into an Offer in Compromise include personal income taxes beyond three years, taxes assessed at least 240 days before filing, and taxes filed voluntarily at least two years before declaring bankruptcy. Although, the majority of taxes are still not dischargeable. The only way to eradicate the burden of the trust fund portion of employment taxes is through an Offer in Compromise.

• What should you anticipate if your tax return is chosen for an IRS tax audit in Cary?

  Following your tax return selection in Cary, the IRS may conduct correspondence, office, or field audits. Correspondence audits are only intended to verify data and are conducted by mailing the needed information back to the IRS. In office audits, you must provide the tax auditor at the IRS Office with specific documents that would substantiate the information on your tax returns. Lastly, field audits are performed only on more intricate business and personal returns.

• What should you do if you filed your tax returns in Cary but lacked the funds to make the required payments?

  For taxpayers in Cary, one of the solutions would be to reach an agreement with the IRS called Offer in Compromise. These conditions are doubt as to liability, wherein there is uncertainty to the accuracy of the assessed tax, and doubt as to collectibility, where there is doubt that you will ever be able to pay the total amount of tax owed.

• In Cary, are installment agreements allowed by the IRS if you cannot pay your taxes in full?

  Yes. You can request an installment agreement from the IRS if you have a limited capacity to pay your tax obligations each month in Cary. However, setting up an installment agreement costs money, and interest penalties continue to accrue until the balance is fully paid. Interest calculated on the outstanding balance will be added to the installment agreement payments.

• In Cary, what goods are subject to sales tax?

  In Cary, certain goods like furniture, appliances, cars, tangible items, and digital products like downloaded movies and albums are all subject to sales tax. To collect and remit sales tax, you must register with the Department of Revenue if you sell these products. You can register using Form NC-BR either online or on paper, and you'll get a Certificate of Registration in return.