Tax Attorneys in Greensboro, North Carolina

How We Can Help: Our Tax Law Practice Areas

We provide comprehensive Tax 360 expertise. We combine business tax planning on the front end with IRS audit defense and appeal on the back end.

Tax law is a complex legal domain that involves intricate substantive and procedural rules. Tax rules are based on a structured framework that ensures order and certain predictability, sets anticipated standards, facilitates dispute resolution, and protects the rights of individuals and entities involved in tax-related activities. Tax law encompasses a wide range of statutes, regulations, and formal guidance from the Internal Revenue Service and state tax authorities aimed at governing taxation, including:

• Tax Audits: The tax attorneys at Petrova Law represent businesses, business owners, executives, and self-employed individuals in tax audits before the Internal Revenue Service (IRS), including IRS business audits and specifically partnership tax audits, and the state tax authorities, including income tax and sales tax audits. Our objective is to settle disputes quickly and favorably for our clients, creating win-win scenarios for all parties involved.
• Tax Relief and Tax Debt: A tax relief attorney, frequently referred to as a tax debt lawyer, helps individuals and businesses resolve tax issues and alleviate financial burdens. Our tax attorneys at Petrova Law work to negotiate with the IRS and the state tax authorities on behalf of clients facing challenges such as tax liens, levies, and unpaid taxes. Our lawyers explore options for reducing or eliminating tax debts through negotiating settlements, installment agreements, and offers in compromise. We also provide legal representation during IRS audits, ensuring a strategic approach to an audit and that clients’ rights are protected. The expertise of a tax relief attorney is crucial for navigating complex tax laws and procedures, advocating for fair outcomes, and developing strategies to relieve clients from the weight of overwhelming tax obligations.
• IRS Tax Problems: Our tax lawyers at Petrova Law can work with you to suspend IRS collection activity while we explore options to manage your tax debt. If you owe taxes, the IRS can impose a lien against your real property, garnish your income, and levy on your bank accounts until you pay the liability in full. The IRS can seize your property and use it to satisfy your outstanding tax liability. Liens and levies imposed by the IRS can damage you and your business by causing you to lose assets and income, and by hurting your credit, your reputation, and your ability to meet your other financial obligations.
• IRS Appeals and Tax Court: The legal team at Petrova Law has extensive experience handling appeals of IRS tax audits and other federal tax issues before the IRS Office of Appeals. We also take it a step further and represent businesses and individuals in tax litigation. A tax litigator must know the workings of the IRS and IRS administrative procedures, in addition to tax litigation procedures. Our tax attorneys have the expertise to appeal IRS decisions to the United States Tax Court. Unlike other courts, in the Tax Court, the taxpayer is not required to prepay the tax amount in dispute before litigating the case. We know how to navigate an IRS issue through the IRS administrative process to prepare it for appeal in the Tax Court and other federal courts.
• Tax Opinions and IRS Rulings: We render written tax advice in the form of tax opinions and legal memoranda. As we guide investors, business owners, and tax preparers through tax law challenges, our tax attorneys assist with reliable tax planning. We provide a level of confidence that the taxpayer’s position has legal support in the tax law authorities. We also request advance formal rulings from the IRS in the form of Private Letter Rulings to ensure binding effect for specific tax consequences.
• Art, Wine, and Collectible Assets: Owners, investors, intermediaries, and organizations with portfolios containing these high-value collectible assets engage in a variety of transactions that require careful planning and execution – purchasing, selling, borrowing against the collateral value, donating to charities, and passing on to heirs. Our firm addresses the specific client needs of owners and their advisors, as well as holders, investors, and dealers, with critical tax planning and the business aspects of owning high-value collectible assets.
• Payroll Tax: At Petrova Law, our payroll tax attorneys play a vital role in assisting businesses with various aspects of payroll tax compliance and potential tax law violations. These attorneys specialize in navigating the complexities of federal payroll tax laws to ensure businesses comply with tax regulations by accurately preparing and filing payroll tax returns on time. Our attorneys help clients navigate IRS payroll tax audits strategically, including 4180 interviews, and negotiate to achieve favorable outcomes involving the Trust Fund Recovery Penalty (TFRP) and other payroll tax liabilities.
• Worker Classification: Our firm offers assistance with the following worker classification services: Handling disputes involving independent contractor vs. employee worker status, advice on structuring worker classification arrangements, drafting of relevant legal documents, and assistance with IRS Voluntary Classification Settlement Program (VCSP) applications.
• FBAR: The FBAR (Report of Foreign Bank and Financial Accounts) lawyers at Petrova Law assist individuals and entities with legal matters related to the disclosure and reporting of foreign financial accounts. The U.S. Department of the Treasury requires U.S. taxpayers to report such accounts annually to the Financial Crimes Enforcement Network (FinCEN). We assist with compliance guidelines, FBAR and FATCA filings, IRS voluntary disclosure programs, risk assessment & mitigation, and legal representation in IRS audits and investigations.
• Offshore Disclosure and Penalties: Our offshore tax attorneys help clients in legal matters related to U.S. tax laws impacting cross-border transactions and financial activities abroad. Petrova Law assists individuals and businesses in navigating the complexities of tax reporting of offshore assets and business interests. We advise on tax planning for foreign investments, ensure compliance with U.S. tax reporting requirements, and address legal issues associated with offshore accounts and assets. We assist clients with international information return compliance and penalties assessed on Forms 3520, 5471, 5472, and 8938.The offshore tax attorneys at Petrova Law also help clients participate in IRS voluntary disclosure programs, resolve disputes with the tax authorities, and mitigate potential penalties.
• Filing Tax Returns: Our tax attorneys assist clients with unfiled tax returns and resolving outstanding tax balances. Before IRS and state tax balances can be resolved, all returns required to be filed must be filed. We can collect wage and income information for prior tax years and assist with guiding the filings through the IRS process. In addition to individual and business tax returns, we assist with information returns.
  Change of Residency: At Petrova Law, we assist business owners, investors, and other high-net-worth individuals with change of domicile planning. Our tax attorneys help clients navigate the many steps involved in establishing a residence in a new state. We help clients plan proactively to avoid undesirable consequences, such as dual domicile treatment. We guide clients comprehensively on changing the residence of businesses and families.
• Change of Residency: At Petrova Law, we assist business owners, investors, and other high-net-worth individuals with change of domicile planning. Our tax attorneys help clients navigate the many steps involved in establishing a residence in a new state. We help clients plan proactively to avoid undesirable consequences, such as dual domicile treatment. We guide clients comprehensively on changing the residence of businesses and families.

Why Choose The Greensboro Tax Attorneys at Petrova Law

We help clients in Greensboro and throughout the state of North Carolina with legal guidance for most tax matters.

Our award-winning team of tax attorneys has in-depth knowledge of federal and state tax law and associated legal matters that arise before the IRS and U.S. Tax Court, including appeals, audits, and unfiled returns. At Petrova Law, our goal is to deliver peace of mind and help minimize the time, confusion, stress, and unease associated with federal and state tax matters.

Our legal team has the experience, expertise, and resources needed. Connect with a member of our team today by calling (336) 310-1210 or scheduling a consultation.