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Most of us would love to avoid filing taxes or paying them, but that is the price of being a citizen. Filing taxes is the last thing anyone wants to do, but ignoring your taxes or failing to file on time can result in legal consequences that, in extreme cases, can lead to incarceration.
Personal taxes can be complicated, especially if the individual filing is self-employed if they have healthcare expenses and Obamacare subsidies or are paying off a mortgage or student loans. If your personal taxes are complex, we encourage you to consult with a tax specialist before you ignore your taxes.
While personal taxes can be complicated, business taxes can be mind-boggling and should be handled by someone who understands intricacies of small-business and corporate taxes. A tax attorney in Kentucky can help with all your business tax needs and help you resolve any issues that you encounter.
Because the American tax code is so complex, it is easy for an individual to make a mistake that results in financial penalties or being flagged for an audit of your federal or Kentucky state taxes. If you subjected to an audit, you will benefit from the representation of a tax attorney in Kentucky. They can assist you with a range of issue, so if you receive a notice for any of the following issues, consult with an attorney:
Getting a notice from the IRS is nerve-wracking and worrying because there can be heavy penalties and in some cases, a person can face tax evasion charges. There is an extensive list of reasons why people get into trouble the with IRS or Kentucky Department of Revenue. Regardless of why you didn’t file and how much you owe, to can benefit from having a tax attorney on your side.
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