Best Tax Attorneys in Edmond

FAQs

• Where does the Tax Court hold trial sessions closest to Edmond, Oklahoma?

  The United States Tax Court holds trial sessions at Oklahoma City at Room 402, Federal Building & Courthouse, 200 NW 4th Street. It is the closest tax court trial location to Edmond.

• Where is the low-income taxpayer clinic that is closest to Edmond, Oklahoma?

  The Legal Aid Services of Oklahoma, Inc., has an office in Oklahoma City. It is the closest low-income taxpayer clinic to Edmond. The office is located at 2915 North Classen Boulevard, Suite 200, Oklahoma City, OK 73106. Individuals can contact them by calling 405-521-1302 or 800-421-1641.

• What is the penalty in Edmond for failing to send trust fund taxes to the IRS in time?

  Employers and business owners in Edmond are encouraged to make payroll tax payments on time to avoid penalties. The Trust Fund Recovery Penalty Statute allows the IRS to transfer the company's tax liability to an individual. The individual responsible for the company's payroll and taxes could face the consequences associated with payroll tax penalties, including Federal criminal charges, attempted collection of funds owed, and the shutdown of the business.

• Is the IRS allowed to seize an Edmond resident's liquid funds from their bank account?

  The IRS is authorized to seize an Edmond resident's liquid funds from their bank account if that person owes back tax debt. The IRS is able to levy any type of bank account, including checking, savings, retirement, mortgage escrow, school bank, and joint accounts. The bank will freeze the available money in the individual's account for 21 days before remitting the funds to the IRS.

• Are there ways to stop an IRS tax levy in Edmond?

  There are several methods to stop an IRS tax levy in Edmond. The individual could send a letter to the IRS proving they will not be able to meet the standard living requirements after the tax levy. It is also possible to negotiate with the IRS to get a payment plan or tax settlement. Hiring a tax attorney will improve the individual's chances of a favorable outcome.

• Can an individual in Edmond appeal the decision of the IRS?

  Yes, it is possible to appeal the decision of the IRS regarding a person's tax return in Edmond. IRS actions such as audits, seizures, innocent spouse decisions, offers in compromise, and penalty abatements are typically eligible for appeal. The IRS is not infallible and could commit mistakes such as misinterpreting the facts of the taxpayer's situation or misapplying the law.

• How can a person in Edmond qualify for a first-time penalty abatement?

  In Edmond, the IRS could waive or reduce the penalty fees of people that are able to obtain penalty abatement. Individuals may qualify for first-time penalty abatement if they arranged to pay or have paid any tax dues, applied for an extension of time to file returns or have already filed all current returns, and have not previously had to file a return.