Awards & Recognition
The Tax Law Office of David W. Klasing
In the pulsating heart of Las Vegas, renowned for its lively nightlife, flourishing casinos, and pulsating entertainment industry, a new haven stands for individuals and companies grappling with complex federal tax issues. This refuge is the newly minted satellite Tax Law Office of David W. Klasing.
Much like its city, this office stands apart from the crowd. It’s not merely a legal office—it’s a powerhouse of tax expertise headed by one of the nation’s most uniquely qualified professionals. Amid an estimated 1.1 million attorneys and 560k CPAs in the country, a small, exclusive group of just 24k carries both designations. Among those, even fewer—approximately 3,000—have earned a Master’s in Taxation. David W. Klasing is part of this elite group.
This satellite office extends David’s winning expertise to Las Vegas, offering both legal and Tax services under one roof—all for one price. An instrument-rated private pilot, David will fly his efficient, fast and safe Cirrus SR22 to meet clients at this new location without charging travel expenses. Moreover, he introduces a convenient scheduling option, where clients can secure David W. Klasing, Esq M.S.-Tax CPA’s undivided attention for a 4-hour consultation at any of his satellite offices.
If you’re caught up in a whirlwind of federal tax issues in Las Vegas, the Tax Law Offices of David W. Klasing is your jackpot! This office provides specialized legal and Tax advice tailored to your needs, offering you an unparalleled blend of proficiency, commitment, and affordability in your city. To benefit from our new half-day scheduling option without incurring travel expenses, call us at 800-681-1295 or fill out our contact form today.
Ensuring Effective Defense and Navigation through IRS Audits
The prospect of an IRS audit often triggers a wave of anxiety. Concerns about possible additional taxes, interest, and financial penalties become pressing realities. If things escalate, there is also the risk of criminal tax prosecution. Hence, the need for a vigorous defense during an IRS audit cannot be overstated. At the Tax Law Offices of David W. Klasing, our dual-licensed Tax Attorneys and CPAs are adept at navigating these complexities on your behalf.
If you are embroiled in an IRS audit, need strategic tax planning, or require similar services in Las Vegas, don’t hesitate to contact us. Use our wealth of experience as tax attorneys specializing in federal tax issues to help guide you through any tax problem.
Compliance with federal tax codes is complex, particularly for business owners, property owners, high-net-worth individuals, independent contractors, dual citizens, and individuals navigating a divorce. This complexity underscores that even seemingly straightforward tax matters like amended returns or scheduled correspondence audits with the IRS can rapidly evolve into situations with significant financial and legal implications.
As such, engaging an experienced tax attorney’s services is paramount. At the Tax Law Office of David W. Klasing, our award-winning team stands ready to provide thorough, innovative, and client-focused service across an array of IRS audits. Operating from our satellite offices in Las Vegas and focusing exclusively on federal tax issues, we support businesses and individual taxpayers. We are committed to bringing our extensive experience, unique credentials, and proven track record to your aid, ensuring you confidently navigate your IRS audit.
IRS Audits: Types and Procedures
The IRS audit process can be a daunting and complex experience, generally starting with an official letter from the IRS, which outlines the next steps based on the nature of the audit. The complexity and severity of your tax situation determine the auditing procedures, which can lead to varying types of IRS audits.
An important note is that a criminal tax investigation conducted by the IRS’s criminal investigation division often begins covertly. It can take years before the investigators make their presence known to you in person. In these situations, they may ask questions to which they already know the answers, hoping you lie. It’s crucial in such scenarios to ensure your tax counsel is present before engaging in any discussion.
With the ongoing influence of recent global events such as the COVID pandemic, audits may occur entirely by mail. This procedure might require you to provide specific documents, like bills, receipts, legal papers, loan agreements, financial logs, or insurance documents. If you find yourself in a predicament where you are unsure of how to provide these documents, our Dual-licensed Attorneys and CPAs are available to assist you.
For most audits, the IRS might wish to conduct an in-person interview to identify potential misstatements in your tax returns and better understand your business operations. This high-stakes interview is risky, as providing false information to a federal agent is a felony. At the Tax Law Offices of David W Klasing, our dual-licensed Attorneys and CPAs will prepare you adequately for the interview and minimize the risk of additional exposure.
Upon the conclusion of the audit, the IRS will take any or all of the following steps, which could range from assessing additional taxes, penalties, and interest to refunding overpaid taxes. In rare cases, there might be a ‘no change’ audit. If you disagree with the audit findings, two options lie ahead. You can either accept the IRS’s proposal, or if you believe they have misunderstood the law or the facts of your case, you can work with a tax attorney to file a tax court petition. We will provide you with a substantial chance of improving your situation, if we feel the law and the facts are on your side. This process ordinarily results in reduced tax penalties and interest that will substantially outweigh the costs of litigation, otherwise, we will counsel against it. This legal path, coupled with the IRS appeals process and negotiations with the chief counsel’s office on the courthouse steps, as a backup, ordinarily precludes the need for actual tax court appearances, routinely sparing clients the most expensive aspect of tax litigation as the IRS has a 98% settlement rate.
Six Year Statute of Limitations:
Ordinarily, three years of tax returns are at issue in an audit. When a 25% understatement occurs, this audit introduces a six-year statute of limitations and a greater likelihood of a pattern of tax fraud discovery.
Understanding the various types of IRS audits you’re facing can provide insight into the potential severity of the situation. The three primary forms of IRS audits include:
- Field Audit: This is the most severe type of audit a taxpayer or business can face. In this case, an IRS investigator will attempt to visit your home or business to assess your operations, assets, lifestyle and facilities. This intrusive audit allows trained IRS agents to identify potential “badges of fraud” that could lead to a criminal tax referral. If the criminal investigation division of the IRS begins an investigation, they have over a 90% conviction rate.
- Office Audit: While often less broad in scope than a field audit, an office audit poses more risk than a correspondence audit. When justified, this audit introduces a six-year statute of limitations and a greater likelihood of fraud discovery. If fraud is detected or admitted, the IRS may impose an indefinite statute of limitations and a 25 percent understatement penalty.
- Correspondence Audit: This audit typically occurs after the IRS’s Discriminant Function (DIF) or Unreported Income DIF (UIDIF) computer system flags a taxpayer. While these systems efficiently flag issues, they aren’t perfect, so the IRS may request additional documentation from the taxpayer to verify their claims. Though many correspondence audits are handled relatively quickly, the potential for significant mistakes leading to a full-scale audit exists.
When faced with an audit, it’s essential to consider the type and potential reasons behind it while working with a tax lawyer to prepare a robust defense. The Tax Law Offices of David W. Klasing, backed by a team of experienced CPAs & CPA Candidates, are here to provide the comprehensive help you need. We’re dedicated to defending your rights, minimizing potential exposure, and seeking the most favorable outcome possible during an IRS audit.
David W Klasing Esq. M.S.-Tax CPA, our founder, has held esteemed roles such as the Past Chair of the OCBA Tax Committee, the Past Chair of the California Bar Tax Procedure and Litigation Committee, and the Past Education Chair of the American Society of Attorney CPAs. Leveraging such vast experience and unique credentials, we can help you navigate the complexities of IRS audit types and procedures with assured expertise.
Remember, you don’t have to face the IRS alone. We are committed to supporting you through every step, from understanding the type and anticipated procedures of your audit to providing vigorous defense via tax litigation if necessary. Let us be your advocates, guides, and confidants in your journey through the IRS audit process.
Las Vegas Audit Appeals and Tax Litigation
Upon conclusion of an IRS audit, a Las Vegas taxpayer may face a variety of outcomes. These could range from the IRS assessing additional taxes, penalties, and interest to being granted a refund for overpaid taxes. As a Las Vegas taxpayer, you have two general potential paths forward if you dispute the audit findings. You can capitulate and accept the IRS’s judgment, or if you believe the IRS has misinterpreted the law or the facts of your situation, you can work with a tax attorney to file a tax court petition.
Should you believe that the IRS has misinterpreted the facts or laws related to your case, filing a tax court petition is a viable avenue. Our attorneys can effectively guide you through this process, which typically results in a reduction of tax penalties and interest that significantly outweighs the cost of the appeal / litigation, or we will recommend against it. Typically, the process involves an independent review by an appeals officer who wasn’t part of the initial audit. This officer will consider the taxpayer’s arguments and evidence and evaluate the hazards of litigation for the IRS. If this first bite at the apple is unsuccessful, a second bite at the apple is available by attempting to settle with IRS Chief Counsel’s Office prior to having to appear in Tax Court. A third bite at the apple is available through actual litigation but to date we have never had to take a case to actual litigation in tax court because the IRS has a 98% settlement rate.
When filing a lawsuit in Tax Court, the taxpayer must prepare a detailed complaint outlining their legal arguments and supporting evidence. The case will proceed to appeals, then to the Chief Counsel’s office, and ultimately to trial if necessary. During the trial, the taxpayer and their attorney present the arguments and evidence to the judge, who will issue a decision that can be appealed to a higher court if needed.
Note: The IRS boasts a 98% out-of-court settlement rate, and as a result, our office has never had to appear in tax court. This has allowed our clients to avoid the astronomical costs associated with formal tax court litigation, particularly in cases where we were confident that the facts and the law supported our client’s position from the beginning of the engagement.
The Best Dual-Licensed Tax Attorneys and CPAs in Las Vegas
Consistently ranked among the nation’s top tax law firms, The Tax Law Offices of David W. Klasing stands as a leader in tax disputes and litigation. Our team’s unique fusion of extensive, in-depth experience, expertise, and steadfast dedication to our clients differentiates us, affirming our status as one of the nation’s premier tax law establishments.
David W. Klasing Esq. is an esteemed dual-licensed professional capable of simultaneously practicing as an Attorney and a Certified Public Accountant. His expertise spans Taxation, Estate Planning, and Business Law, and he brings nearly three decades of professional tax, accounting, and business consulting experience. His in-depth understanding of federal tax codes, regulations, and case law, is further enhanced by his Master’s degree in Tax. Utilizing his extensive experience and drawing on his past role as an auditor in public accounting, Mr. Klasing proactively assists clients in averting tax issues. He will aggressively defend your interests during audits, criminal tax investigations, and tax litigation. His dedication to comprehensive Tax Representation, Planning & Compliance Services, and Criminal Tax Representation is steadfast. This unwavering commitment, coupled with his ‘A’ rating from the Better Business Bureau and a 10.0 AVVO rating, underscores his authority in the field and the high level of service he provides to our clients.
Our team is renowned for its legal acumen, evidenced by numerous rankings, awards, and media mentions. More importantly, we are known for our long history of client wins. We have never lost a case in tax court – a testament to our dedication, strategic insight, and ethical and honest approach. We stand beside our clients through every stage of an IRS audit, appeals, 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.
Should you deal with complex federal tax issues, don’t hesitate to contact The Tax Law Offices of David W. Klasing. Our numerous and conveniently located satellite offices cater exclusively to these matters and are available by appointment only. With our exceptional experience, credentials, and winning track record, you’re investing in top-tier tax defense. As a cost-effective measure, we absorb all travel expenses, courtesy of our instrument-rated private pilot David W Klasing, who navigates a swift and economic Cirrus SR22. To benefit from our new half-day scheduling option without incurring travel expenses, call us at 800-681-1295 or fill out our contact form today. Trust us with your tax matters; you won’t regret it.
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