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How Can a Utah USTC Tax Attorney Help Me?

The USTC is similar to the IRS in conducting tax audits and taking enforcement action to collect outstanding tax liabilities. A Utah USTC tax attorney at Tax Defense Counsel have a wealth of experience in USTC tax disputes. The USTC conducts a variety of audits including basis audits.

USTC Audits

When the USTC receives your tax return, they use a variety of information to determine whether they should accept your tax return as filed, or start an audit. In order to make this decision, USTC auditors review the following items:

  1. Federal and state tax returns.
  2. Prior audit history.
  3. Income exclusions and deductions.
  4. Public information.
  5. Internal Revenue Service data.

If you have been selected for an USTC audit, you will receive an Initial Contact Letter. This letter:

  1. States that your tax return was selected for audit.
  2. Identifies the issues under examination.
  3. Provides the names and telephone numbers of the auditor and supervisor.
  4. Requests the name and contact information from you or your designated tax representative.

For field audits, the initial contact letter also asks you to provide information to schedule an audit appointment. When appropriate, the auditor may request information or documents to be brought to the initial meeting.

If you have sold real estate of a business, the USTC will conduct an audit to determine that the basis claimed is substantiated. It is important to keep track of capital expenditures to real estate and capital contributions to a business so you can substantiate your basis. In addition, loss carry forwards will also need to be substantiated even if they arise from a tax return that is several years old. In addition, the USTC generally will follow and assess tax liabilities based on IRS audits. You can review additional information on the USTC Manual of Audit Procedures.

USTC Substitute Returns

The USTC is very active in filing substitute returns for taxpayers who have not timely filed a tax return. The USTC will estimated income of a taxpayer from a variety of methods including: average income in a particular field of employment; the amount of mortgage interest paid in a particular year.

USTC Tax Liability Collection Matters

If you have received an USTC notice pertaining to an audit or tax liability collection matter, our USTC tax attorney can guide you through the process and zealously advocate on your behalf to obtain the best possible outcome. We pride ourselves in protecting the interests of our clients, so they can have peace of mind. Contact us today for a free consultation.

Contact a Utah USTC Tax Attorney

We have a wealth of experience and knowledge and can guide you through an USTC tax dispute. Contact us today for a free consultation.