Expertise.com

Best Tax Attorneys in Portsmouth

2024

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Providers

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Website
16464 Courthouse Road, Eastville, VA 23347
  • State Tax Audit

Why choose this provider?

Turner & Wiggins, PLLC, offers legal guidance for individuals and business owners in the Portsmouth metro. It serves various business entities, including limited liability companies, partnerships, or corporations, providing litigation services for corporate matters involving taxation, management, and liability restrictions. Other legal areas of practice are criminal defense, real estate law, personal injury, and trusts and estates. André Wiggins, one of the firm's attorneys, has been trying cases for the past two decades. He also caters to Spanish-speaking clients.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.6
Google
4.6 / 5 (15)

Website
1769 Jamestown Road Suite 103, Williamsburg, VA 23185
  • Cash Intensive Businesses
  • Tax Defense
  • State Tax Audit
  • Federal Tax Audit

Why choose this provider?

Paul S. Ward, P.C., serves the Portsmouth community. The law firm represents clients facing various tax issues, such as audits, tax debts, liens and levies, and offers in compromise, in front of the US Tax Court, the IRS, and the Virginia Department of Taxation. It offers tax planning solutions for corporations, partnerships, trusts, and non-profit foundations. Its founder, Paul S. Ward, has been fighting for taxpayers' rights since 1984. He is a CPA and a National Elder Law Foundation board-certified elder law attorney.

Website
101 W. Main St., Suite 100, Norfolk, VA 23510
  • Tax Defense
  • Criminal Tax Audit

Why choose this provider?

KelleterLaw, PC, caters to residents and business owners in the Portsmouth metro. Its founding attorney, Trey Kelleter, has been defending individuals in cases concerning tax, business, and Medicaid fraud before state and federal courts for more than 20 years. He supplements his arguments in each case using the insights he has gained from previous interactions and negotiations with the United States Attorney's Office and the Department of Justice. His practice also covers criminal investigations concerning government contracts, securities fraud, and maritime offenses.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (13)

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Frequently Asked Questions

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

    As of July 2023, there is no information about a permanent tax court near Portsmouth. You may need to check the notice of trial for the court address.

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

    The nearest low-income taxpayer clinic to Portsmouth is the Community Tax Law Project located in Richmond. You can reach them at info@ctlp.org or P.O. Box 11322, Richmond, VA 23230.

  • If you were not able to list income sources in Portsmouth, will you be penalized by the IRS?

    If you were not able to list down your income sources in Portsmouth, you will be penalized by both the IRS and the state revenue department for tax evasion, specifically mispresenting or hiding financial information. If you think it was an honest mistake, you should seek legal advice from a tax lawyer to help you make an appeal and prepare a possible legal defense.

  • What are the possible penalties for tax evasion in Portsmouth?

    If you commit a tax fraud or tax evasion in Portsmouth and within the state of Virginia, there will be heavy fines and possibly a prison sentence if you're proven guilty. Federal penalties, usually fines of up to $250,000 and up to five years in prison. The Commonwealth of Virginia may also hand down tax evasion charges and penalties ranging from 100% of your tax penalties plus the tax owed.

  • Do you need to pay inheritance tax to the state if you inherited a house in Portsmouth?

    No, you do not need to pay any state-level inheritance tax if you were named as a beneficiary of a real estate property in Portsmouth. This applies to the whole Commonwealth of Virginia, however, if you receive an inheritance from someone living in another state, you will have to shoulder taxes from the state where the property is located. Federal taxes also applies to Virginians for assets valued at $12,920,000 and more.

  • What is a stepped-up basis in capital gains tax for real estate beneficiaries in Portsmouth?

    A stepped-up basis is used in computing capital gains tax for inherited properties in Portsmouth and the state of Virginia. It is the adjustment made to an asset's basis to reflect its value at the time of the owner's death. If you inherited a house with an appraised value of $200,000, and sold it 5 years later with a price tag of $250,000, you will only be taxed on the $50,000 gained value.

  • Can you seek a tax amnesty in Portsmouth if you cannot pay your taxes in full?

    Yes, if you are a resident of Portsmouth, you can apply for a tax amnesty with the IRS if you cannot pay your taxes in full. You can apply for an 'offer in compromise' in order for the IRS to hold off any sanctions or penalties. You may need to seek a tax attorney to prepare your letter and documents in order to convince the IRS that you need a settlement plan.