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Tax Litigation & Audits In Maryland: Everything You Need To Know

If you ever face a tax controversy between yourself and the IRS, you may feel as if you are at a considerable disadvantage. It is understandable since the IRS has a massive team at its disposal to pursue a case against you. But, you need not face this issue entirely alone. Hiring a Tax litigation lawyer can give you the expertise you need and give you a fighting chance; you may even win your case. To protect your rights and triumph over such cases, you can use the expert help of professionals from Law firms in Maryland. But before discussing any further, you need to know and understand what tax litigation and an audit are.   

Tax Law & Audits Explained 

Tax law is an area of legal studies in which the public or the authorities like the federal, state, or municipal government use a set of rules and regulations to assess and collect all the taxes in a legal context. Tax law is also part of public law; it covers applying the existing tax laws on an individual, entity, and corporation in specific areas where tax revenue is levied. 

On the other hand, an Audit is an independent examination of your complete financial information, whether it is profit-oriented or not. 

Most tax disputes arise during or after an audit. This can be at the federal level with an IRS agent or with the state tax auditors. On the contrary, tax attorneys that help you plan your business affairs or your estate, a tax litigation lawyer from a Law firm Maryland, are there to fight on your behalf when there is a discrepancy. It is a distinct set of skills that not all tax attorneys may have. 



An IRS Audit 

If your tax return is selected for an audit, you will be notified by the IRS via mail. The IRS will never send an email or give you a phone call before an audit. Most audits happen to high earners. People reporting adjusted gross income of $10 million or more accounted for 6.66% of audits, and $5 million or more accounted for 4.21% of audits. A giant red flag for a tax audit is significant deductions in meals and travel taken by business owners. Basically, if you spend or claim tax deductions for a substantial portion of your income, it can trigger an audit. 

Suppose your tax audit with an IRS Maryland auditor does reveal a tax liability or leads to a criminal investigation. In that case, a tax litigation attorney can help you pursue the best line of defense. An attorney can give you the best options to protect your assets and represent you if your tax dispute cannot be resolved at the audit level. 


In conclusion, fighting a tax controversy is not simple at all, but you can get the best result, or at least things can be in your favor if you hire a tax litigation attorney from a Law firm in Maryland.
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