Salt Lake City Tax Attorney

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The Tax Law Offices of David W. Klasing

High-risk Federal Tax Audit in Salt Lake City

Navigating the complex web of federal tax laws in Salt Lake City requires the understanding of an experienced strategic ally, especially with the IRS rigorously examining your personal or business federal tax filings. In this vibrant economic hub, the need for a legal partner who is proficient in the local business environment and deeply understands the federal tax system is essential. Whether dealing with the fallout from unfiled taxes, preparing for an impending IRS tax audit, or untangling the complexities of federal tax regulations, the value of an experienced ally in Salt Lake City, Utah, is irrefutable.

Our dual-licensed Salt Lake City Tax Audit Attorneys and CPAs specialize in resolving sophisticated federal tax issues. In the worst-case scenario where your accounting and, consequently, your tax returns are fully inaccurate, we meticulously prepare a reconstructive accounting and strategize revised tax positions that can fully withstand an audit, which represents your optimal settlement position and represents you in any detailed IRS Office, Field, or Correspondence tax audit. Our commitment is to prioritize your interests, ensuring minimal risk and customized solutions. With nearly three decades of combined tax and legal experience, our award-winning team is a trusted cornerstone of the Salt Lake City tax community. Our practice areas in federal tax audits include, but are not limited to, the following:

Salt Lake City Tax Attorney

Criminal Tax Defense Attorney in Salt Lake City

Our dual-licensed Salt Lake City Criminal Tax Defense Attorneys & CPAs excel at representing clients in high-risk IRS tax audits and criminal tax investigations, especially when the taxpayer has a history of blatantly cheating on their federal tax returns and is now under audit, thus fearing or facing a federal criminal tax investigation. We have never had an audit client that we have represented criminally prosecuted for tax crimes. Amidst the IRS’s increased enforcement and the noted rise in criminal tax referrals, the threat of facing criminal tax prosecution has never been greater. When undergoing a federal tax audit by the IRS, certain red flags, such as destroyed records, intentionally underreported income, or unfiled returns, can quickly escalate into criminal tax scrutiny/investigation. If an IRS auditor uncovers these and other badges of fraud and suspects tax evasion, the matter may be transferred to the secretive Criminal Investigation Division of the IRS (IRS-CI).

Armed with nearly three decades of tax compliance, planning, and controversy experience, our team adeptly handles “eggshell audits,” where the returns under examination contain substantial inaccuracies. We are acutely aware of the serious implications of charges for intentional tax evasion, fraudulent withholding, or false statements, along with the stiff penalties and potential imprisonment they carry. Our proactive defense strategy is designed to shield our clients from both severe civil and criminal tax repercussions. If you have concerns about a federal tax audit escalating to criminal tax allegations, our award-winning Salt Lake City Criminal Tax Defense Attorneys & CPAs are ready to offer vigorous, knowledgeable advocacy in areas including:

Turn to Our Experienced Dual-licensed Tax Litigation Attorneys and CPAs

At the Tax Law Offices of David W. Klasing, our dual-licensed Salt Lake City Tax Litigation Attorneys, and CPAs are adept at handling complex federal IRS tax disputes. We have maintained a record of never losing in federal tax court and only take cases we believe we will win. By filing a tax court petition, you are likely to significantly improve your situation, especially when tax penalties and interest reduction substantially exceed litigation costs. Our approach involves two stages: first, with appeals, and then, we get a second bite at the appley via negotiation with IRS chief counsel. To date, we’ve never had to step foot in tax court, thus sparing our clients the most costly aspect of litigation. With the IRS’s 98% settlement rate, litigation is ordinarily avoided, which is advantageous for both parties.

Tax controversies often arise when the IRS believes a tax is owed, and a taxpayer or company adamantly disagrees. Alternatively, disputes can occur when taxpayers assert that they are due a refund. Whether it’s handling cases of criminal tax exposure, guiding you through a civil tax audit, eggshell audit, reverse eggshell audit, or defending against a criminal tax investigation, the expertise of our seasoned dual-licensed Tax Litigation Attorneys and CPAs in Salt Lake City is invaluable. Our dedication to offering personalized and effective representation distinguishes us in the field. We specialize in disputes arising in:

Get Back into Tax Compliance Without Facing Criminal Tax Prosecution in Salt Lake City

Our dual-licensed Salt Lake City Voluntary Disclosure Attorneys and CPAs offer experienced guidance through the IRS Voluntary Disclosure Practice (VDP). This program is vital for individuals who have willfully understated their federal tax liabilities (cheated). It provides a systematic and secure path to rectify their federal tax status while avoiding criminal prosecution. We are committed to assisting in making sincere, comprehensive, and timely disclosures to the IRS, which includes arranging for the payment of owed taxes, interest, and penalties and cooperating with the IRS to determine the correct tax liability.

Furthermore, we adeptly handle the complexities of various voluntary disclosure avenues, including domestic and offshore voluntary disclosures, streamlined procedures, and delinquent FBAR and international information return submissions. As long as a taxpayer in Salt Lake City 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. We deal with:

Salt Lake City with IRS Appeals Representation

Are you dissatisfied with the outcome of an IRS audit?

SLC Tax Attorney

Suppose you disagree with the IRS tax audit’s conclusion and subsequent recommendations. In that case, you should know you have the right to an appeal and can have our experienced dual-licensed Salt Lake City IRS Appeals Attorneys and CPAs represent you. IRS Appeals are generally available based on disagreements on either the facts or the law at issue in your audit, and we will assist you in identifying the tax statutes and precedents that best support your specific legal disagreements. Suppose you adamantly disagree with the results of an IRS tax audit and seek to challenge associated tax, penalties, and interest assessment. In that case, our meticulous approach ensures you’re thoroughly prepared for every step of the appeals process. From mitigating trust fund recovery penalties to contesting improperly disallowed business expenses, we will fervently advocate for you, keeping you informed throughout the process.

If you find yourself at odds with the results of an IRS tax audit, our skilled IRS Appeal Attorneys in Salt Lake City are ready to assist. We aim to maximize your chances of a successful appeal while resolving your federal tax liabilities efficiently and cost-effectively.

Leading our team is David W. Klasing, a former auditor with nearly three decades 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, we will enlighten you about your options and steer you toward an economically favorable resolution. We can assist you in appealing IRS tax audits of federal tax returns or other IRS decisions involving:

Consult Our Salt Lake City International Tax Attorneys

If you’re engaged in international business or managing foreign assets, navigating the complex landscape of global taxation is crucial to success. At the Tax Law Offices of David W. Klasing in Salt Lake City, our team of dual-licensed International Tax Attorneys and CPAs is poised to protect your interests. Addressing compliance oversights is essential, with the IRS escalating its efforts to uncover unreported global investment income, offshore businesses, and financial accounts. Now is the time to enlist experienced legal counsel to review your international tax filing history, ensuring compliance that minimizes additional tax and penalties and avoids criminal prosecution. Whether you’re an American expatriate or have multiple offshore business entities and investments, we provide meticulous attention to ensure your international tax dealings are reported with precision and foresight. Our association with Marc Schwartz, a dually licensed International Tax Attorney and CPA, greatly enhances our ability to address the often complex federal offshore tax planning, compliance, and controversial implications surrounding engaging in international business and the associated mandatory information reporting.

Our team of dual-licensed International Tax Attorneys and CPAs in Salt Lake City delivers comprehensive services tailored to the federal international tax needs of American expatriates and businesses involved in cross-border operations. Specializing in the nuances of international tax law, we offer expert guidance on FBAR and FATCA compliance and international tax treaties. Our seasoned professionals adeptly structure international business operations for optimal tax efficiency as the IRS intensifies its civil and criminal tax investigations into offshore tax evasion. We advise on entity selection, considering liability, capitalization, and strategic exit planning. We ensure precise compliance with international tax reporting obligations, assisting foreign-owned U.S. corporations and foreign corporations with U.S. activities in meeting their filing requirements and understanding the tax implications of establishing a U.S. presence. Our expertise allows you to confidently navigate your international tax responsibilities, minimize double taxation risks, and avoid transfer pricing penalties. Click on the following to learn more:

Cryptocurrency Taxation in Salt Lake City

In the rapidly evolving world of virtual currencies like Bitcoin and other digital assets, many Salt Lake City 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 alarming. If not addressed appropriately, it may lead to a high-risk eggshell audit or even a covert criminal tax investigation. The surprise is often considerable when individuals learn that exchanges of one type of crypto for another are taxable events in the year they occur, even with no fiat currency changing hands, or that the IRS might have obtained their transaction details from sources like Coinbase. The volatile nature of the crypto market, with its significant highs in 2017 followed by subsequent lows, has left many facing substantial tax liabilities, often disproportionate to their current portfolio value.

Our Salt Lake City Bitcoin and Virtual Currency Tax Attorneys & CPAs possess in-depth expertise in cryptocurrency’s tax aspects, which includes understanding the intricacies of airdrops and addressing challenges faced by individuals whose crypto was held with a brokerage that has since folded. The exposure is even more significant for those who’ve ventured offshore with cryptocurrency. However, there’s a silver lining: taxpayers who’ve intentionally evaded paying tax on clearly taxable cryptocurrency transactions can often self-report through an IRS voluntary disclosure program, potentially avoid criminal tax prosecution and benefit from reduced civil tax penalties. Read our story “Tax Fraud is Going Virtual” to know more about virtual tax evasion. For more information, see the following:

Worried About Civil or Criminal Liability for Unfiled Federal Tax Returns?

The U.S. is unique in its citizenship-based taxation that imposes stringent tax reporting and disclosure laws, especially for those holding foreign assets. Non-compliance, failing to file or pay taxes, can result in hefty penalties, with 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 considered safe havens, now carry substantial risks due to regulations like FATCA and the Bank Secrecy Act’s FBAR. At the Tax Law Offices of David W. Klasing, our Salt Lake City dual-licensed Unfiled Tax Return Attorneys and CPAs stand ready to guide you through these complexities. Whether you’re confronting the repercussions of unfiled tax returns or navigating foreign account disclosures, our expertise ensures compliance and the protection/mitigation of potential civil or criminal tax consequences.

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 New York at our appointment-only satellite office, providing both legal and 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 to the East Coast. We have designed this service to benefit our clients, with no additional travel expenses added to your bill. Call us at 1 (322) 244-8515 or complete our online contact form today.

Main Office

Orange County

2601 Main St. Penthouse Suite
Irvine, CA 92614

(949) 681-3502

Our headquarters is located in Irvine, CA. Our beautiful 19,700 office space is staffed full-time and always available for our clients to meet with our highly qualified and experienced staff of Attorneys, Certified Public Accountants and Enrolled Agents. We also offer virtual consultations and can travel to meet with clients in one of our satellite offices.

Outside of our 4 hour initial consultation option, we do not charge travel time or travel expenses when traveling to one of our Satellite offices, or surrounding business districts, where it is necessary to meet personally with taxing authority personnel, make court appearances, or any in person meeting deemed necessary for the effective representation of a client. To make this as flexible, efficient, and convenient as possible, David W. Klasing is an Instrument Rated Private Pilot and Utilizes the Firms Cirrus SR22 to service client’s in California and in the Southwest by air. Offices outside these areas are serviced via commercial jet airlines. None of these costs are charged to our clients.

Satellite Offices

California

(310) 492-5583

(760) 338-7035

(916) 290-6625

(415) 287-6568

(909) 991-7557