Tax Attorneys In Spring Hill Resolve Unfiled Returns And Audits

File all your old returns at once to achieve immediate compliance and stop IRS collection actions faster. Identify priority years first by focusing on the most recent six years the IRS requires. We analyze IRS transcripts to identify missing income documents and determine which returns carry refund potential versus liability. The IRS files Federal Tax Liens at $10,000 debt, so complete filing prevents this public record.

Check if you qualify for streamlined installment agreements when you owe less than $50,000 and can pay within 72 months. Assess whether your circumstances warrant professional representation if you face complex issues like business returns, multiple missing years, or existing IRS enforcement actions. We prepare all missing returns simultaneously with complete deductions, reduce your assessed liability, negotiate penalty abatement, and arrange payment plans that protect your assets from seizure.

A tax attorney can save you $3,000-$15,000 or more depending on your penalty amounts and which relief programs you qualify for. Penalty relief begins with Form 843 for abatement requests or Form 9465 when requesting installment agreements with penalty consideration. First-time penalty abatement requires 12 months of clean compliance history before your penalty period and can eliminate 100% of failure-to-file and failure-to-pay penalties. Same-day attorney consultations are available to evaluate your specific situation.

We analyze your penalty notices to calculate exact savings potential, determine eligibility for all available relief programs, prepare Form 843 with detailed reasonable cause documentation, and file formal abatement requests citing specific IRC provisions. Our team negotiates directly with the IRS, secures penalty removal that reduces your total debt by 25-47%, arranges payment plans for remaining balances, and handles all communication so you avoid mistakes that destroy relief eligibility.

Not filing FBAR increases audit risk because foreign banks report accounts directly to IRS through FATCA agreements. The IRS offers multiple paths to compliance including Streamlined Filing Compliance Procedures for non-willful violations. Report virtual currency accounts on foreign exchanges. The six-year statute of limitations from due date limits IRS assessment periods.

We use protective filing strategies during IRS examinations to minimize exposure and preserve your legal options. Schedule a confidential consultation to review your specific facts and account history. Spring Hill residents resolve FBAR violations through voluntary disclosure programs we handle completely.

Yes, you should hire a professional if you never reported crypto before, because prior-year corrections need special handling. For example, crypto gifts under $18,000 per person in 2024 are exempt, but many overlook this when reconciling transactions.

Tax-loss harvesting can save up to $3,000 annually against ordinary income, and rebase tokens can change your cost basis. Each disposal must include fees when calculating gain or loss. The next step is protecting against audits with contemporaneous documentation.