Skilled Bartow Lawyer Handles IRS Disputes and Claims

Responsive Florida attorney assists clients with many types of tax law matters

Taxation authorities such as the Internal Revenue Service (IRS) hold a lot of power, and they can make your life miserable if problems arise. At Donaldson Law P.A. in Bartow, I am well-versed in state and federal tax laws and help clients across Florida secure positive solutions in various types of matters. Drawing on my experience as a Certified Public Accountant (CPA) and my work as an attorney, I understand both the practical and legal repercussions of tax issues and can accurately assess these complicated matters. Whether you are facing penalties for delinquent tax filings, disagree with an IRS decision to disallow a deduction or need assistance with tax planning strategies, I work diligently to achieve your objectives.

What types of issues trigger an income tax audit?

The most common reasons individuals and businesses are flagged for an audit include:

• Reported income does not match W2s or 1099s
• Unreported income
• Engaging in unusual transactions or holding assets in foreign accounts
• Business dealings with an individual or company recently audited

If you believe the result of an audit was unwarranted, you can appeal the decision. Most of these actions are settled without going to court. I advocate for my clients’ rights throughout the auditing process and am skilled at successfully resolving a wide range of tax litigation matters.

What are the consequences of failing to file a tax return?

From family emergencies to fears of a large tax bill, there are numerous reasons people do not file their taxes on time. While it can be tempting to ignore the situation, getting back in good standing with tax authorities as soon as possible is imperative to avoiding severe repercussions. The consequences of not filing your return include:

• Failure-to-file penalties and interest, which are assessed from the first day a return is late
• The issuance of a substitute return by the IRS, which allows the agency to pursue collection of the taxes it assessed

Options often exist to resolve delinquent tax filings while avoiding excessive penalties, and I will diligently seek a workable solution to your situation.

How tax planning can benefit individuals and businesses

Individuals and businesses alike can benefit from prudent tax planning strategies. By utilizing select investment vehicles and trusts, individuals can reduce potential tax liability during their life and for their estate. Businesses considering mergers, acquisitions, public offerings or other complex transactions often have the ability to structure these deals to spread out tax burdens and potentially reduce the tax exposure in specific areas and the overall taxation rate. I have extensive experience constructing advantageous tax planning strategies for businesses as well as individuals. I provide comprehensive tax preparation services, and will ensure you have a clear picture of your options before you file.

Contact a knowledgeable Florida law firm today to schedule a free initial consultation

At Donaldson Law P.A., I strive to deliver high-quality legal services and represent clients throughout Florida in a range of tax law matters. Please call (407) 270 -5025 or contact me online to schedule a consultation at my Bartow or Orlando offices.