Best Tax Attorneys in Renton

Frequently Asked Questions

• Where does the Tax Court hold trial sessions closest to Renton, Washington?

  The nearest place of trial to Renton is located in Nakamura U.S. Courthouse, Courtroom 4, 1010 5th Ave. Seattle, WA 98104.

• Where is the low-income taxpayer clinic that is closest to Renton, Washington?

  The nearest low-income tax clinic to Renton is the University of Washington Federal Tax Clinic. It is located at William H. Gates Hall, Suite 265, 4293 Memorial Way NE Seattle, WA 98195-3020. You can contact them at (206) 685-6805, (866) 866-0158 (toll-free), or litc@uw.edu.

• What tax penalties can you have removed through the First-Time Penalty Abatement waiver in Renton?

  The First-Time Penalty Abatement can cancel penalties for failing to file your tax return on time, failing to pay tax on time, failing to pay an incorrectly listed tax on time, and failing to deposit payment in the required amount, deposit method, or time period. This waiver is available to Renton taxpayers who have not had penalties and have been tax compliant for the last three years.

• Is gambling income taxable in Renton?

  Yes. Individuals, organizations, and associations licensed as gambling operators must file tax returns and pay gambling income taxes. The operator is required to pay Renton taxes on a monthly basis. Meanwhile, if you are a gambler, you must report your winnings as taxable income on your tax return. Similarly, you can deduct your gambling losses. Keep a record of your losses as proof. Only winnings reports are submitted to the IRS by gambling operators.

• How long do you have to pay off your back taxes after your IRS payment plan is approved in Renton?

  You can make monthly payments with no minimum amount for three years on tax debts of up to $10,000. If your balance is between $10,000 and $25,000, the IRS may grant you six years to make fixed monthly payments. Debts of $25,000-$50,000 are also granted six years. Meanwhile, the IRS will determine the repayment period and amount for a Renton taxpayer with more than $50,000 in delinquencies based on an assessment of the individual's assets and income.

• Can you amend an old tax return in Renton if you found mistakes on it?

  Yes. Renton residents can make changes to their tax returns for the current year and the previous four years. If you filed the original returns electronically, you can easily make the amendments online on Washington's MyDOR website. If you need to make changes for multiple tax years, you can submit an amendment schedule that lists the original numbers/details and the corrected numbers/details. Submissions can be made through MyDOR or mailed to the Washington State Department of Revenue's Taxpayer Account Administration.

• How do you deal with a Notice of Deficiency from the IRS in Renton?

  A Notice of Deficiency is a letter from the IRS informing you that you owe additional taxes, interest, and penalties. The notice should state which tax year is involved, the deficiencies discovered, and the calculations used to determine the deficiencies. A Renton tax attorney can assist you in comparing these deficiencies to your tax return. If you disagree with the deficiencies, you can file a petition with the Tax Court to have them overturned.