Best Tax Attorneys in Wyoming

FAQs

• Where does the Tax Court hold trial sessions closest to Wyoming, Michigan?

  The Tax Court holds trial sessions for Wyoming tax cases in Detroit. The office is located at Room 1031, Levin U.S. Courthouse, 231 W. Lafayette Boulevard.

• Where is the low-income taxpayer clinic that is closest to Wyoming, Michigan?

  The nearest low-income taxpayer clinic in Wyoming is the Accounting Aid Society LITC in Detroit. The office is located at 3031 West Grand Blvd, Suite 470. You may call (866) 673-0873 for assistance.

• Do you need to go in person when filing an appeal to the Tax Tribunal in Wyoming?

  No, you do not need to go in person when filing an appeal to the Tax Tribunal in Wyoming. An appeal is considered filed if it is delivered to a designated delivery service for filing at the tribunal and postmarked by the U.S. Postal Service. It is also not required to pay property taxes before filing an appeal. However, if you have failed to pay property taxes, you may receive the final decision from the Tax Tribunal late.

• When should you appeal your property taxes in Wyoming?

  You should appeal your property taxes in Wyoming if the fair market value of your property has fallen below twice the taxable value listed on your property tax assessment. For example, if the taxable value of your property is $750,000 and its fair market value has fallen to $900,000, you should consider an appeal.

• Who can submit an offer in compromise in Wyoming?

  Businesses and individuals in Wyoming who have outstanding debts from the Michigan Department of Treasury and the IRS may submit an offer in compromise (OIC). OICs allow taxpayers who are unable to pay their tax debts in full to request a reduction in the amount they owe. The IRS will review the OIC and make a decision based on the taxpayer's financial situation and the likelihood that they will be able to repay the reduced amount.

• How can you qualify for a payment plan with the IRS in Wyoming?

  You can qualify for a payment plan with the IRS in Wyoming if you do not have enough equity in your retirement account from which you can liquidate and borrow money. You also must not have the ability to borrow money from other sources. In addition, you need to file all your tax returns and disclose all the assets you own.

• What are the possible reasons for being audited by the IRS in Wyoming?

  If you are audited by the IRS in Wyoming, it may be because you have underreported your domestic taxable income or there are some inaccuracies on your foreign bank filing under the Foreign Account Tax Compliance Act. If you are found guilty of tax evasion or fraud, you could face serious penalties, including imprisonment for up to five years and fines of up to $100,000.