Best Tax Lawyers Newport News, VA

Newport News, VA Tax FAQs

• Where does the Tax Court hold trial sessions closest to Newport News, Virginia?

  The United States Tax Court does not have a permanent location in Newport News. Temporary venues are provided along with the trial notification.

• Where is the low-income taxpayer clinic that is closest to Newport News, Virginia?

  The nearest low-income taxpayer clinic closest to Newport News is located at 5206 Markel Rd., Richmond, VA 23230.

• Is it possible for the IRS to pursue individual liability if your business in Newport News has outstanding payroll tax obligations?

  Yes, the IRS can impose the Trust Fund Recovery Penalty on individuals in Newport News who willfully fail to collect or pay taxes. Being aware of the unpaid taxes and choosing to use the money for business sustainability or payment to other creditors demonstrate willfulness. It's worth noting that this penalty can be enforced even if the business is no longer operational. The IRS will start collection efforts against the responsible individuals once the penalty has been assessed.

• What could happen if you fail to submit an overdue tax return in Newport News despite multiple IRS requests?

  If you neglect to file a delinquent tax return in Newport News despite repeated IRS requests, you could receive a federal summons, ordering you to submit the required documents or records to the IRS office. Failing to comply may result in contempt charges. Alternatively, the IRS may create a delinquent tax return for you, known as a Substitute For a Return, which typically leads to higher taxes compared to self-prepared returns and renders them non-dischargeable in bankruptcy.

• Will you receive a notice before the IRS seizes your property in Newport News?

  You will receive a notice before the IRS seizes your property. In Newport News, the IRS normally only enforces a levy or seizure when the following circumstances are met: First, the IRS has determined the tax amount and sent you a Notice and Demand for Payment. The second is that you ignored or refused to pay the tax. Lastly, the IRS has also sent you a Final Notice of Intent to Levy and a Notice of Right to Hearing.

• What options are available if you are unable to immediately pay your taxes in full in Newport News?

  To minimize future interest and penalties, it's recommended to make a partial payment if you cannot immediately pay your taxes in full in Newport News. When contacting the IRS, they will likely ask you to complete a Collection Information Statement and submit supporting documents. Filling out this statement is crucial as it helps the IRS determine your payment options and enables them to take collection actions if payment is not made.

• What common circumstances lead to the hiring of a competent tax attorney in Newport News?

  Some scenarios that may require you to hire a skilled Newport News attorney are the following:

  • You're undergoing a tax audit.
  • You're dealing with an IRS summons for official tax records and additional documents from your bank.
  • You need help with debt relief for a substantial amount owed to the IRS.
  • You're facing tax fraud or evasion charges from federal authorities.
  • IRS classifying your workers as employees despite you treating them as independent contractors.
  • You have undisclosed offshore bank accounts or global accounts.