Navigating the complex web of federal tax laws in Las Vegas, a city known for its dynamic economic landscape and bustling business activities, requires the understanding of an experienced strategic ally, especially with the IRS rigorously examining your personal or business federal tax filings. In this vibrant and unique economic hub, the need for a legal partner proficient in the local business environment and who profoundly understands the federal tax system is paramount. Whether you’re involved in the entertainment industry, hospitality sector, or any diverse businesses that define Las Vegas, Nevada, the value of an experienced ally is irrefutable.
Our dual-licensed Las Vegas Tax Audit Attorneys and CPAs specialize in resolving sophisticated federal tax issues tailored to the distinct economic character of Las Vegas. We will help you reach your optimal settlement position through robust representation in any detailed IRS Office, Field, or Correspondence tax audit.
We stand beside our clients through every stage of an IRS audit, appeal, and litigation process, advocating for their rights and tirelessly working towards the best possible outcomes. We firmly believe everyone deserves fair treatment from the IRS and strive to achieve this for each client. With nearly three decades of combined tax and legal experience, our award-winning team is not just a part of the Las Vegas tax community; we’re a trusted cornerstone, intimately familiar with the city’s business pulse. Our practice areas in federal tax audits include, but are not limited to, the following:
- Correspondence Audits
- Field Audits
- Office Audits
- Employment and payroll tax audits
- Foreign Account Audits (FBAR Audits)
- Eggshell and Reverse Eggshell Audits
- Small Business Audits
- Criminal Tax Audits
- Income Earned Overseas
- Bitcoin- and cryptocurrency-related audits
- Tax Audits of Lawyers
- Coinbase User Audits
- Estate and Gift Tax Audits
- Income Tax Evasion Audits
- New Civil and Criminal Tax Enforcement Measures on High-Income Earners
- Audits Resulting from Information Provided by Whistleblowers or Informants
- IRS Wealth Squad Audits
- IRS Hiring Spree Indicating Increased Enforcement
- Income Tax Error Audits
- Concerns Over the Tax Gap
- IRS Tax Evasion Crackdown
- U.S. Government Plans for Collecting Taxes and Closing the Tax Gap
- Tax Evasion and Divorce
- Tax Planning for Non-Citizens
- Criminal Tax Evasion vs. Civil Tax Fraud
- Surviving a Federal Tax Audit
- Tax Avoidance and Evasion
- Tax Fraud Scheme
- Filing Back Taxes & Failure to File
- Business and corporate tax audits
- Excise Tax Audits
- Industry-specific Audits:
- Car Dealership Audits
- Dentist Audits
- Veterinarian Audits
- Attorney / Legal Industry Audits
- Doctor’s / Medical Industry Audits
- Real Estate Professional Audits
- Audits of Cash Intensive Businesses (Liquor Stores, Bars, Restaurants, Laundromats)
- FBAR audits (Foreign Bank Account Reporting)
- Foreign Account Tax Compliance Act (FATCA) and international tax issues
- Non-Filer Compliance Issues
Criminal Tax Defense Attorney in Las Vegas
Our dual-licensed Las Vegas Criminal Tax Defense Attorneys & CPAs excel at representing clients in high-risk IRS tax audits and criminal tax investigations, especially pertinent in a city known for its complex financial transactions and diverse businesses. Amidst Las Vegas’s dynamic economic landscape, the threat of facing criminal tax prosecution has never been more pronounced, particularly for those with a history of tax non-compliance now under audit or fearing federal criminal tax investigation. The IRS uses many sources of information to lead them to begin the investigation into a potential tax fraud case. Our firm’s track record remains unblemished, with no audit client we have represented being criminally prosecuted for tax crimes to date.
With nearly three decades of tax compliance, planning, and controversy experience, our Las Vegas team skillfully manages “eggshell audits,” where the returns under examination contain significant inaccuracies. We understand the gravity of charges for intentional tax evasion, fraudulent withholding, or false statements and the severe penalties and potential imprisonment they entail. Our proactive defense strategy is meticulously designed to protect our clients from severe civil and criminal tax repercussions in Las Vegas’s vibrant economic environment. If you have concerns about a federal tax audit escalating to criminal tax allegations, our award-winning Las Vegas Criminal Tax Defense Attorneys & CPAs are ready to offer vigorous, knowledgeable advocacy in areas including:
- Eggshell Tax Audit Defense
- Reverse Eggshell Tax Audit
- Criminal Tax Investigation
- Intentional/Fraudulent Federal Tax Evasion
- Tax Crime Indictment and Prosecution
- Tax Fraud Whistleblower Defense
- Willful Failure to File Tax Returns
- Increased Tax Fraud Referrals to IRS-CI
- Maintaining inadequate records or destroying records
- Providing implausible or inconsistent explanations during civil examination
- Displaying belligerent, rude, or disrespectful behavior to an IRS agent
- Claiming Fake Dependents
- Arranging affairs for the sole purpose of tax avoidance in a manner that lacks economic substance
- Dubious conservation easement deductions
- Fraudulent Withholding or False Statements
- Handling IRS Criminal Investigation Division (CID) Inquiries
- Business and Employment Tax Fraud
- Representation in Cases of Alleged Tax Fraud Schemes
- Hobby Business and Taxes
- Tax Preparer Liability
- IRS Renewed Focus on Criminal Tax Defense
- Overstating deductions or claiming false deductions
- Hiding or transferring income with relatives or related entities
- Keeping false records of your income or “second set of books”
- Falsifying books or records “forgery”
- Prematurely destroying records
Turn to Our Experienced Dual-licensed Tax Litigation Attorneys and CPAs in Las Vegas
Challenging the IRS doesn’t always mean you have to go to court. However, if push comes to shove, our dual-licensed Las Vegas Tax Litigation Attorneys and CPAs are adept at navigating the intricate landscape of federal IRS tax disputes in this bustling city. We proudly maintain a flawless record in federal tax court and selectively take on cases we are confident in winning. By filing a tax court petition in Las Vegas, you are likely to significantly improve your situation, especially as tax penalties and interest reductions often substantially outweigh litigation costs. Our strategy involves a two-tiered approach: starting with appeals and then seeking resolution through negotiations with the IRS chief counsel. Remarkably, we’ve yet to step foot in tax court for our Las Vegas clients, sparing them the most expensive aspects of litigation. With the IRS’s 98% settlement rate, litigation is ordinarily avoided, which is advantageous for both parties.
In Las Vegas, tax controversies often emerge in the high-stakes environment where the IRS identifies potential tax liabilities, and taxpayers or companies firmly disagree. These disputes may also arise over refund claims. Whether it’s managing cases of criminal tax exposure, guiding you through various types of federal tax audits, or defending against criminal tax investigations, our seasoned team in Las Vegas is invaluable. Our commitment to providing personalized and effective representation sets us apart. Your fair treatment by the federal tax authorities always precedes our understandable financial interests in earning a living.
Boasting an “A+” rating from the Better Business Bureau and a perfect 10.0 from AVVO, David W. Klasing is steadfastly committed to offering premium Tax Litigation Representation, Planning & Compliance Services, and Criminal Tax Representation for businesses and individuals alike. Under his guidance, our team specializes in handling disputes unique to the vibrant and complex economic backdrop of Las Vegas, including:
- Tax Deficiency Disputes
- Tax Refund Litigation
- Recovering Administrative and Litigation Costs
- Expedited Appeals Process
- Normal Appeals Process
- Filing a lawsuit in Tax Court
- International Tax Disputes and Offshore Account Compliance
- Employment and Payroll Tax Disputes
- Alternative Dispute Resolution Options
- Audits and Negotiations with Federal Tax Agencies
- Litigation of Estate and Gift Tax Audits
- Collection Due Process Disputes
- Civil and Criminal Tax Litigation
- Partnership Taxation
- Innocent Spouse Relief Litigation
- Tax Litigation Involving Tax Assessments, Penalties, or Enforcement Actions
Get Back into Tax Compliance Without Facing Criminal Tax Prosecution in Las Vegas
In the dynamic setting of Las Vegas, our dual-licensed Voluntary Disclosure Attorneys and CPAs provide experienced guidance through the IRS Voluntary Disclosure Practice (VDP). This program is essential for Las Vegas individuals who have willfully understated their federal tax liabilities (cheated). It offers a structured way to rectify their federal tax status and avoid criminal tax prosecution. We are dedicated to assisting in making sincere, comprehensive, and timely disclosures to the IRS, including arranging the payment of owed taxes, interest, and penalties. Remember that even if the IRS hasn’t detected non-compliance issues in your federal tax filings in the past, the chances they will in the future have been consistently increasing.
When companies in the vibrant city of Las Vegas willingly take responsibility for their past non-compliance, they manifest a commitment to upholding ethical standards. This action of transparency instills trust among various stakeholders, including employees, customers, investors, and federal regulators. By disclosing potential misconduct, companies also encourage a culture of accountability. This commitment to ethical behavior motivates employees to act responsibly, potentially enhancing morale and productivity in our world’s entertainment capital.
At the Tax Law Offices of David W. Klasing, we will help you expertly navigate the intricacies of various voluntary disclosure avenues, be it domestic, offshore, streamlined procedures, or addressing delinquent FBAR and international information return submissions. As long as a taxpayer in Las Vegas who has willfully committed tax avoidance (potentially including non-filed foreign information returns coupled with affirmative evasion of U.S. income tax on offshore income) self-reports the federal tax non-compliance through a domestic or offshore voluntary disclosure before the IRS has started an audit or criminal tax investigation/prosecution, the taxpayer can ordinarily be successfully brought back into tax compliance and receive a nearly guaranteed pass on criminal tax prosecution and simultaneously often receive a break on the civil penalties that would otherwise apply. Our team is well-versed in these unique challenges and is ready to assist with:
- Quiet Disclosure
- Noisy Disclosure
- Delinquent International Information Return Submission Procedures
- Department of Justice Tax Division’s Voluntary Disclosure Policy
- Undisclosed Foreign Accounts
- Partnerships and Unincorporated Associations
- Delinquent FBAR
- Streamlined Disclosure
- Streamlined Domestic Offshore Procedures
- Streamlined Foreign Offshore Procedures
- VDP for Partnerships, Government Entities, and Unincorporated Associations
- Offshore Income-generating Assets
IRS Appeals Representation in Las Vegas
If you are unhappy with the results of a federal tax audit, interest, penalties on taxes, or another IRS decision, our experienced dual-licensed Las Vegas IRS Appeals Attorneys and CPAs will provide skilled representation before an appeals officer. With strong advocacy skills as an attorney, we will work to reduce your tax liability and help you avoid litigation. IRS Appeals, often based on disagreements over the facts or law in your audit, is a critical step, and we will assist you in pinpointing the federal tax statutes and precedents that strongly support your legal disagreements.
Few attorneys can handle the complexities of taxation within the context of an audit or an appeal. It is sometimes said that while the focus of an accountant is accuracy, the focus of an attorney is advocacy. Our office’s expertise and training combine both fields: We place a premium on accuracy and client advocacy.
Leading our team is David W. Klasing, a former auditor with a wealth of experience in public accounting. Leveraging his tax law and accounting expertise, we provide strategic insights to aid in informed decision-making regarding your tax appeal. Whether you need to contest the IRS’s entire decision or specific aspects unique to Las Vegas’s diverse economic environment, we will guide you toward an economically favorable resolution. Our team is ready to assist you in appealing IRS tax audits of federal tax returns or other IRS decisions involving:
- Income Taxes
- Payroll Taxes
- Corporate Taxes
- Estate and Gift Taxes
- Failure to Respond to Notice of Deficiency within 90 Days
- Collection Appeals Program (CAP)
- Collection Due Process (CDP)
- Filing an Appeal vs. proceeding straight to Tax Court
- Sole Proprietorships
Consult Our Las Vegas International Tax Attorneys
Engaging in international business or managing foreign assets in Las Vegas, a hub for global commerce and investment, requires adept navigation through the complex landscape of global taxation. Our dual-licensed International Tax Attorneys and CPAs stand ready to safeguard your interests. With Las Vegas’s unique position in international trade and investment, addressing compliance oversights promptly is crucial, especially with the IRS’s intensified efforts to uncover unreported global income and accounts.
The IRS has ramped up its efforts to investigate and prosecute overseas tax evasion schemes. Using recent legislative efforts from the Biden administration, the federal government’s tax watchdog has increased its budget, added manpower to its workforce, and modernized its technological sophistication. These three factors combined allow for more audits and investigations with broader scopes and longer timelines. Our association with Marc Schwartz, a dually licensed International Tax Attorney and CPA, significantly strengthens our ability to address the complex federal offshore tax planning and compliance issues associated with Las Vegas’s vibrant international business scene.
Our Las Vegas team delivers comprehensive services tailored to the federal and international tax needs of expatriates and businesses in cross-border operations. We specialize in nuances of international tax law, offering expert guidance on FBAR, FATCA compliance, and international tax treaties. Beware that time is often of the essence in filing FBAR and addressing offshore tax situations. As the IRS escalates its investigations into offshore tax evasion, our professionals structure international business operations for optimal tax efficiency. We guide on entity selection and ensure compliance with international tax reporting obligations, assisting in navigating the unique tax implications of establishing a U.S. presence. Our expertise empowers you to confidently manage your international tax responsibilities, minimizing double taxation risks and avoiding transfer pricing penalties. Click on the following to learn more:
- Tax Planning for American Expatriates and Businesses
- FATCA (Foreign Account Tax Compliance Act) Compliance
- Corporate Taxes
- International Tax Liability Minimization
- Compliance with IRS Form 5472 for Foreign-Owned U.S. Corporations
- FBAR (Foreign Bank and Financial Accounts Report)
- International Tax Mistake Rectification
- International Business Entity Structuring
- Offshore Income-generating Assets
- Double Taxation Avoidance
Cryptocurrency Taxation in Las Vegas
In the rapidly evolving world of virtual currencies like Bitcoin and other digital assets, many Las Vegas investors and traders face complex Federal tax implications. Receiving a letter from the IRS about unreported cryptocurrency transactions discovered via John Doe Summons can be particularly alarming in a city like Las Vegas, known for its tech-savvy population and investment trends. Such issues, if not adequately addressed, may lead to high-risk eggshell audits or covert criminal tax investigations.
The element of surprise is often present when Las Vegas individuals realize that exchanges of one crypto type for another are taxable events or when the IRS obtains transaction details from sources like Coinbase. The volatile nature of the crypto market, marked by significant fluctuations, has left many in Las Vegas with substantial tax liabilities, sometimes disproportionate to their current portfolio value.
Our Las Vegas Bitcoin and Virtual Currency Tax Attorneys & CPAs are equipped with in-depth expertise in cryptocurrency’s tax aspects, including the intricacies of airdrops and challenges faced by those with crypto held in defunct brokerages. The risk amplifies for those involved in offshore cryptocurrency activities. However, there’s a silver lining: taxpayers who’ve intentionally/fraudulently evaded tax on cryptocurrency transactions can often utilize an IRS voluntary disclosure program, potentially avoiding criminal tax prosecution and benefiting from reduced civil penalties. Read our story “Tax Fraud is Going Virtual” to know more about virtual tax evasion. For more information, see the following:
- Cryptocurrency/Bitcoin tax law 101
- Accuracy-related Penalties as dictated by sections 6662, 6721 and 6722
- Third-party Settlement Organization on a Form 1099-K
- Capital Gains Taxes
- Self-employment tax for Bitcoin mining
- Using Bitcoin to Commit Tax Evasion
- Reporting requirements for virtual currency payments
- Voluntary disclosure for unreported cryptocurrency transactions
- (IRS-CI) Expanding to Target Crypto Users
- Big Data Analytics to Punish Tax Evaders
- Reporting Bitcoin transactions on IRS Form 8949 and Schedule D filing
- 1031 exchanges with digital currencies
- John Doe summons
- Responding to IRS letters on unreported cryptocurrency
- Representation in eggshell audits and criminal tax investigations for cryptocurrency
- International FBAR Lawyers for Bitcoin and Cryptocurrency Tax Issues
- Coinbase User Audits
Worried About Civil or Criminal Liability for Unfiled Federal Tax Returns?
In the U.S., with its unique citizenship-based taxation, stringent tax reporting and disclosure laws are particularly relevant in the internationally diverse and financially complex city of Las Vegas. Non-compliance, such as failing to file or pay taxes, can lead to significant penalties. This includes a 5% charge on the outstanding tax bill for each month of delay beyond the original tax filing deadline, up to a maximum of 25%. Moreover, undisclosed foreign accounts, once perceived as safe havens, now pose substantial risks due to regulations like FATCA and the Bank Secrecy Act’s FBAR.
Our dual-licensed Las Vegas Unfiled Tax Return Attorneys and CPAs are equipped to navigate these intricacies. Whether you’re dealing with unfiled tax returns or managing foreign account disclosures amidst the vibrant economic backdrop of Las Vegas, our expertise ensures compliance and the protection/mitigation of potential civil or criminal tax consequences. We deal with:
- Getting Caught Up on Tax Fillings
- Non-Filer Assistance
- Tax Penalties for Not Filing
- Back Tax Filing Services
- What to do when you Forget to File Taxes
- Tax Settlement Negotiations
- Representation in Non-filer Cases
ALL MAIL MUST BE SENT TO THE ORANGE COUNTY OFFICE. 2601 Main St. Penthouse Suite, Irvine, CA 92614
*SEE ABOVE POLICY ON SCHEDULING A MEETING AT ONE OF OUR APPOINTMENT-ONLY SATELLITE LOCATIONS:
Note: This office is by appointment only!
David’s proven proficiency is now available in Las Vegas at our appointment-only satellite office, providing both legal and federal tax services in one place—at a single hourly billing rate. We have just introduced a flexible scheduling option where our clients can reserve a four-hour slot at any of our satellite locations. David W. Klasing will travel to any of our satellite offices to meet with you personally. This option must be preceded by a one-hour phone or go-to-meeting consultation to warrant incurring the travel expenses and opportunity costs of traveling. We have designed this service to benefit our clients, with no additional travel expenses added to your bill. Call us at (702) 997-6465 or complete our online contact form today.