Best Tax Lawyers in Richardson, TX

FAQs

• Where does the Tax Court hold trial sessions closest to Richardson, Texas?

  The tax court located at 1100 Commerce Street, Dallas, TX 75242, is the nearest one from Richardson. This court holds trial sessions at Courtroom 726, on the 7th floor of the Earle Cabell Federal Building & U.S. Courthouse.

• Where is the low-income taxpayer clinic that is closest to Richardson, Texas?

  Two low-income taxpayer clinics are close to Richardson, located in Fort Worth. The first one is the Legal Aid of Northwest Texas LITC at 600 E Weatherford St, Fort Worth, TX 76102, and the second one is the Texas A&M University School of Law, Tax Dispute Resolution Clinic 1515 Commerce Street, Fort Worth, Texas 76102.

• What is the combined tax rate for sales and use tax in Richardson?

  The combined sales and use tax rate in Richardson is 8.25 percent. The state sales and use tax is 6.25 percent, and local taxing jurisdictions, such as cities, counties, special purpose districts, and transit authorities, can impose an additional 2 percent. When purchasing taxable items in Richardson, taxpayers must pay state and local use taxes, totaling 8.25 percent.

• How can tax lawyers in Richardson help reduce the likelihood of personal tax returns from being audited by the IRS?

  Tax lawyers in Richardson offer several tips to minimize the odds of an IRS audit on personal tax returns, such as ensuring accurate calculation on the return, e-filling or mailing it certified with tax period and form noted, and reporting all 1099 income. Forming a business entity and keeping a mileage log with travel receipts can also help. Carefully consider before amending returns to avoid further scrutiny. Seek representation from a Texas IRS audit lawyer if audited.

• Can you be sent to jail in Richardson for not filing your taxes?

  Yes, you may face imprisonment and hefty fines for not filing your taxes in Richardson. Willful failure to file returns may result in one year in jail and a $25,000 fine ($100,000 for corporations). Tax lawyers can provide assistance and legal representation to ensure accurate and truthful tax filings, helping clients avoid potential legal issues and penalties associated with non-compliance.

• What are the requirements and considerations for taxpayers in Richardson seeking currently not collectible (CNC) status?

  To qualify for currently not collectible (CNC) status, taxpayers in Richardson must demonstrate dire financial straits and provide financial documentation showing their hardship. The IRS evaluates "reasonable living expenses" to assess eligibility. Filing missing tax returns is necessary, and adhering to established living expense limits is crucial. If CNC status is not approved, tax lawyers can request a meeting with the collection agent's supervisor or appeal to the regional Appeals Office for recourse.

• What can taxpayers do if the IRS rejects their offer in compromise, and how can tax lawyers in Richardson assist?

  If the IRS rejects the offer in compromise request, taxpayers in Richardson can find out the reason for the rejection. The IRS typically states an acceptable minimum offer they would agree to in the rejection letter. Tax lawyers can help discuss the application with the IRS agent involved and, if needed, guide clients through the formal appeal process with the IRS Regional Appeals Office to explore alternative solutions.