Different IRS personnel handle estate and gift tax audits than those that handle income tax audits. But the problems, and the underlying procedure, are fundamentally the same. The process begins with a letter from an auditor, called an estate tax attorney, notifying you that your return is to be audited. The estate tax attorney compares the information in your return and in your records against the law, and a decision is made whether or not to assess taxes, interest and penalties.
Advice worth millions
"Bruce and Owen have represented me for almost 15 years now. As a result of their advice I have saved millions of dollars in income tax and my estate is structured so as to save my children many more millions of dollars in estate tax." R.S.
California Gift Tax Audit Attorney
Estate audits have a different time structure than income tax audits. The IRS seeks to conclude the audit within 18 months of your filing. If it is found that you owe additional taxes, they must be assessed within three years of the filing of your return. This statute of limitations may not be amended for any reason. This fact may play a significant part in the resolution of your case.
Gift tax audits do not have this same statute of limitations, and these investigations may be extended by mutual agreement.
A $9 million difference
"Bruce was hired by my family four months after my grandfather died. He set up an estate plan for my grandmother, who died 3 weeks later. The IRS asserted a large estate tax, with interest and penalties, and Bruce saved us $9,000,000." G.R.
Our lawyers have saved families many millions of dollars. Our great strength as estate and gift tax audit attorneys is our deep knowledge of the law, our excellent relationship with the IRS, our experience with hundreds of other high-asset clients, and our penchant for legal analysis.
Taxable Gifts, Exclusions, Step-Ups in Basis
The IRS will be looking for math errors, filing errors, blank entries, technical issues and reports of fractional interests to question. Our side will know the law, the logic of your return, and the procedures of estate and gift tax audits.
If only, if only ...
A recent acquaintance, when she learned about the services Givner & Kaye, said to us: "Nine years ago when my mother died we paid $11 million in estate taxes. I'm dying that we didn't talk to you then."
Our clients, as you can see from these testimonials, are glad they called Bruce Givner.
Call or e-mail Los Angeles estate tax audit attorneys Bruce Givner and Owen Kaye. Let us put an end to your major tax problems.