Best Tax Lawyers Orem, UT

Orem, UT Tax FAQs

• Where does the Tax Court hold trial sessions closest to Orem, Utah?

  The Wallace F. Bennett Fed. Bldg is the tax court that conducts hearings the closest to Orem. It is located at 125 S. State St., Salt Lake City, UT, 84138.

• Where is the low-income taxpayer clinic that is closest to Orem, Utah?

  The closest low-income taxpayer clinic to Orem is at 650 W 100 N, Provo, UT 84601. The office is open for public every Monday to Friday, starting 9 a.m. until 5 p.m.

• How much time does the IRS have to collect the amount of tax evaluated in Orem?

  The IRS has ten years to gather the sum of taxes determined in Orem. The IRS is permitted to begin aggressive collection proceedings throughout this ten-year term, such as salary and bank account levies. The IRS may also submit a notification of federal tax lien. If the IRS receives a judgment from the U.S. District Court., this 10-year limitation may be prolonged.

• What prerequisites must be met in Orem in order to be eligible for S-corporation tax filing?

  You must meet the following requirements to file S-corporation tax in Orem:

  • Be a domestic corporation but not an ineligible one such as an insurance company, international sales corporation, and financial institution;
  • Only allow one type of stock;
  • Have only permitted shareholders;
  • Have at most 100 stockholders;
  • Possess specific trusts and estates; and
  • Not be partnerships or have stockholders who are non-resident aliens.

• For how long can you extend the filing of your taxes in Orem?

  By requesting an extension prior to the due date, you can prolong the deadline for submitting your taxes in Orem by six months. However, an extension does not provide you more time to pay taxes; instead, you will be required to calculate how much you will owe to the IRS. Interest and penalties will be added to the outstanding balance. These fines, however, are much lower than the ones for failing to file at all.

• Do you need to employ an Orem tax lawyer to negotiate an installment contract on your behalf?

  Maybe. You can skip hiring a tax attorney in Orem if your individual tax obligations are minor. On the other hand, it would be better to get the assistance of a tax lawyer for greater tax obligations or for company tax liabilities. In this case, the attorney can help you pursue manageable monthly payments that will enable you to take care of your needs, your business, and your loved ones.

• Is the IRS allowed to modify your Orem installment agreement's monthly payment amount?

  Yes, the IRS has the right to change the monthly payment amount of your Orem installment agreement. The IRS may regularly seek updated financial information with respect to your installment agreements. They will increase your monthly payment if your financial situation has improved. If you don't comply with their request for updated financial information, they will set your installment agreement to default.