Best Tax Attorneys in Gastonia

FAQs

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

  Gastonia and North Carolina are covered by the court at Winston-Salem, Room 847, Hiram H. Ward Federal Building, 251 North Main Street (27101).

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

  The nearest clinic to Gastonia is the North Carolina Low-Income Taxpayer Clinic at 5535 Albemarle Road, Charlotte, NC, 28212, with phone number 980-353-3530 and email address nctaxclinic@charlottelegaladvocacy.org.

• What are the conditions in Gastonia before a tax debt can be discharged in bankruptcy?

  A tax debt can be discharged in bankruptcy in Gastonia when the debt was due from at least three years past and filed two years ago. The taxpayer must not be liable for fraud or evasion of revenue dues, and the assessment has to be made 240 days ago.

• How often can tax revaluations happen in North Carolina and Gastonia?

  In Gastonia and the state, property is revalued by counties at least once every eight years to keep up with current trends in real estate values. There is nothing stopping local governments from revaluing properties more frequently, however. And in practice, a county will do so once every four years.

• In Gastonia, what fields of law often coincide with tax practice?

  Tax practitioners in Gastonia will often dabble in business and succession planning law because those two fields involve various transactions that are heavily taxed. Revenue lawyers also often dabble in private and public international law because the interplay of treaties and conflicting global statutes have huge tax consequences for globalized clients.

• When should a taxpayer in Gastonia resort to standard deductions over itemized deductions?

  It is wiser in Gastonia to resort to standard deductions whenever the total sum of deductibles is lower than the value of the standard deduction. Standard deductions are also easier to claim and do not require substantiation in the form of supporting documents. Those who are less adept at keeping records stand a lower chance of making auditable mistakes if they stick to standard deductions.

• How are tax fraud and tax evasion different in Gastonia?

  Tax fraud in Gastonia implies a deliberate attempt to underreport one's income or to overstate the deductions allowable under the law. Tax evasion also results in paying less taxes than should be due, but the cause could be inadvertence or neglect. Moreover, the government has to prove that the taxpayer could have paid the exaction.