International Tax Audits & Investigations in Ohio
International Tax Audits and Investigations
In recent years, there has been an increase in IRS investigations of those who own international property, have assets in foreign accounts or have business operations abroad. There does not need to be a specific red flag in your tax reporting to initiate these types of investigations – simply having foreign real estate, financial accounts or business interests can be enough to trigger a supplemental review.
Protecting Your Interests During an International Tax Investigation
The IRS typically begins an international compliance review by sending a notice of investigation. This does not necessarily signal a full blown audit; however, due to the complexities associated with international tax reporting, it is important for you to get an attorney involved right away.
At Grady Dodson Law, our lawyers have established themselves as leaders in the area of international tax law and compliance. All of our attorneys have advanced degrees in taxation and meaningful experience in foreign investment regulations. Due to our dedicated focus in this practice area, we are well-positioned to address international tax audits and investigations efficiently and effectively.
While the majority of foreign tax audits are civil cases, it is possible for the matter to escalate to criminal investigation if the IRS suspects an individual of a tax crime. When you work with our law firm, we will begin protecting your interests from day one. Our lawyers quickly assess your legal position and identify practical solutions that will safeguard your best interests as well as satisfy the IRS.
Contact Our Ohio International Tax Lawyers
Upon notification of an IRS investigation into your foreign investments, contact our Columbus law firm at once. Do not discuss the matter with any IRS agents. You risk giving the government information to use against you.