TAX LAW

Tax law is a large body of codes, regulations, stipulations, and statues governing federal, state, and municipal levies on economic and financial transactions. As everyone knows, taxes can be levied on a variety of income, goods, and services. As a result, it can be an extremely daunting task to interpret, apply, and follow the specific tax codes governing a particular aspect of commerce.

Our firm has experience in tax law in covering a broad range of financial transactions, including:

Capital gains

Standard income

Independent Retirement Accounts (IRAs)

Estate taxes

Gift taxes

In addition, our firm also has experience with special taxes associated with business entities such as:

Corporations

Limited Liability Companies

Partnerships

Investment taxes

Sales & Use Taxes

The attorneys of Albright Stoddard Warnick & Albright are experienced in handling the complexities associated with tax litigation. We can help you understand changes in tax legislation and are glad to assist you or your business with tax consultation. In addition, we stay abreast of tax reform legislation to be of optimum assistance to you Contact our firm to speak with a tax attorney.

IRS Audits

In today's economy, businesses must go to great lengths to ensure that their financial practices are performed with strict adherence to federal, state, and local law. We all know what can happen if they don't. Perhaps the most complex type of audit is an IRS audit.

The IRS employs precise rules and rigorous procedures when conducting an audit. The outcome of an IRS audit can often make or break a company or corporation. It is necessary to have skilled, detailed attorneys to defend you during an IRS audit. At the Albright Stoddard Warnick & Stoddard law firm, we know tax law. And we will work to ensure that your financial practices and documents comply with IRS regulations.

Offers in Compromise

An Offer in Compromise (OIC) is an Internal Revenue Service program that allows individuals or businesses with unpaid tax debt to offer a negotiated amount in taxes that is less than the amount owed.

To qualify for an OIC, a debtor must meet one of the three following criteria:

Doubt as to Liability - Debtor must prove that the assessed tax liability is doubtful or incorrect

Doubt as to Collectibility - Debtor must show that the debt is likely uncollectible in full by the IRS under any circumstances

Effective Tax Administration - Debtor does not contest liability or collectibility but can demonstrate extenuating or special circumstances that the collection of the debt would "create an economic hardship or would be unfair and inequitable."

Albright Stoddard Warnick & Stoddard will help you arrange a reasonable OIC settlement with the IRS should you have a tax dispute.

IRS Litigation

The attorneys of Albright Stoddard Warnick & Stoddard are prepared to go to trial in cases where our client has to defend himself in a court law against tax charges brought against him by the IRS. We can help protect you or your business from IRS abuse, fraud, or error in assessing charges. Additionally, we will conduct research to consult with you on IRS regulations on a host of tax-related subjects. These topics include:

Tax liens

Corporate tax levies

Tax penalties and adjustments

Tax exemptions

Tax credits

Fraud statutes

Bankruptcy

Tax reform legislation

As you know, tax law covers a staggering array of topics. And tax litigation intersects with just about every sector of social, economic, and political activity. No matter how much you already know, there is good reason to learn more about your rights and obligations under the law. To successfully run your business, you need to know about things like trust fund penalties and tax shelters. You need to be aware of clauses like Innocent Spouse Relief and Interest Abatement. And you need to be up on the latest developments in statute of limitations law and tax identity fraud.

If you have a pressing tax problem, or just need counsel on your unique tax situation, Albright Stoddard Warnick & Stoddard can help. Please contact our Las Vegas Nevada law firm to discuss your IRS tax law case.

Tax Planning

In addition, to tax litigation services, our law firm also offers assistance in tax planning. We can help you or your business prepare for upcoming changes in tax law. We can also counsel you on the ways in which changes in your income, revenue, or operating procedures will affect your tax liability in the future.

Let the distinguished Nevada law firm of Albright Stoddard Warnick & Stoddard help you establish a firm foundation for your business, employees, and family. We provide legal counsel to clients that will help them understand the tax implications of important financial services they wish to provide, such as IRAs, insurance coverage, and education funds.

Tax Information & Resources

IRS Local Taxpayer Centers
Library of Congress US Tax Code
US Code of Federal Regulations
United States Tax Court
Commercial Law League of America
Taxpayer Advocacy
Taxation through History Cartoons