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When Nevada high net worth individuals and organizations have exhausted other means of resolving tax disputes, they turn to the tax court expertise of Ken R. Ashworth & Associates. For more than 30 years, our firm has provided aggressive advocacy and comprehensive tax knowledge to help clients save millions in tax court.
Our Las Vegas tax court attorneys have extensive experience arguing complex matters in court related to expenses and income, including those related to:
Fiduciary Responsibility — If a trustee or personal representative is not aware of the fiduciary responsibility for the payment of an estate’s or trust’s tax liability, problems could arise. Under the Tax Code, fiduciaries can be personally liable if they fail to pay the tax owed by an estate or trust.
Large Ticket Purchases — Calculating tax liabilities and tax deductions for large ticket purchases can be a complicated matter. If you make a mistake, you could end up in tax court arguing that you do not owe taxes, penalties, and interest because of a large ticket purchase.
Depreciation — Depreciation, especially bonus deprecation, is another complex tax issue that has been litigated in tax court recently. Taxpayers must meet very strict eligibility requirements to claim depreciation. In some cases, the impact of the deduction on tax liability is worth arguing the matter in Tax Court.
Write-Offs in S Corps — A benefit of creating an S Corp for your business is to take advantage of some of the write-offs available for an S Corp. However, the write-offs have strict rules just like deductions for depreciation. If you are not careful, you could find yourself in Tax Court arguing why you should be entitled to a write-off for a specific item on your S Corp tax return.
1120 Disputes — Corporate tax returns are extremely complex, especially when they involve international compliance issues. The IRS does not hesitate to take matters to Tax Court involving corporations.
If you or your organization needs to go to tax court to resolve a dispute, we are ready to provide the expertise our team has honed in more than two decades of practice to help you reach an ideal outcome.
In the wake of an audit, after the appeals process, filers who disagree with the finding of the IRS can go to the United States Tax Court.
When this process is undertaken, the IRS issues a statutory notice of deficiency, also known as a “90-day letter.” This gives a taxpayer 90 days to file a petition. If the petition is not filed, the tax is assessed. If it is filed, litigation commences with the filer acting as the plaintiff and the IRS as the defendant. Tax court is highly specialized with judges who often have a comprehensive tax understanding and significant experience determining the outcome of tax disputes.
The entire process can be intensely complex, with innumerable deadlines and protocols that need to be followed. Failure to ideally undertake the process can cost millions of dollars. We have been aiding clients in tax court for more than 30 years and are committed to your success. We encourage you to reach out.
If you are headed to tax court, do not go without an experienced Nevada tax attorney by your side. The procedures in tax court are much different from the procedures in criminal or civil court.
For instance, there is a less formal process that is quicker for cases involving “small” claims that fall under a certain amount. The expedited process can result in a quicker judgment. However, you lose your right to appeal if you do not like the verdict. If you did not have an experienced tax attorney at your side advising you of your legal rights, you might opt for the expedited process without realizing that you are giving up any further appellate remedies.
You can choose to take your CPA or other tax professional to Tax Court with you. However, the information you discuss with your accountant or other tax professional may not be confidential. While there is a statute that addresses “tax preparation” privilege, it is very narrow and may not apply in your case. Any information you discuss with our Las Vegas tax law attorneys is confidential. The attorney-client privilege protects the information you disclose to your tax attorney.
Probably the most important reason to have a tax attorney represent you in Tax Court is experience. The IRS has a team of legal professionals representing it in Tax Court. These professionals understand tax laws and tax court rules. They are seasoned attorneys who are aggressive in and outside of the courtroom. You do not want to go up against them yourself. Instead, you want a seasoned, experienced tax lawyer who can be even more aggressive as he fights for your legal rights in tax court.
Contact one of our Las Vegas tax court lawyers today at 702-893-9500 or via email to arrange an initial consultation to discuss your legal needs.
