Categories | News & Politics
Article
Why Does the IRS Conduct Audits in Chicago?
December 16th, 2022
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News & Politics
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3 minute read
Why Does the IRS Conduct Audits in Chicago?
Chicago, IL - Sometimes the Internal Revenue Service can look for more information about any taxes that were filed. This is especially true if the amount that was actually sent to the government seems to be much less than what they expected to collect. When these kinds of discrepancies happen, the government can conduct an audit and ask for a more thorough accounting of the individual or businesses’ financial situation. It is also more likely that people who are higher earners or large businesses will have to deal with an audit, as the government stands to lose more money in these situations if the proper tax amount is not paid. If the government thinks that the person should pay more after an audit or other actions, it is common for lawyers to negotiate a settlement to determine what amount will actually be sent.When an audit is going to happen, it is beneficial to receive advice from local Chicago tax lawyers. They can provide advice about how to comply with the government’s request and any related legal issues. When the government notices mistakes
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