Tax season can be a nerve-wracking time for many people, but you can rest easy if you have the help of a tax attorney. When exactly is a tax attorney necessary, though? And how can one help you during tax season? Here’s what you need to know.
What do Tax Attorneys Do?
Tax attorneys deal with a number of different tax issues both for individuals and businesses. These issues include estate planning, tax litigation, tax audits, tax liens, and bank levies. To deal with these issues effectively, tax lawyers have extensive knowledge of IRS tax codes and use that knowledge to provide guidance and legal counsel to individuals in need of tax help. As a result, tax attorneys are a crucial resource for countless people across the nation.
When Should I Hire a Tax Attorney?
There are a number of reasons why you might want to work with a tax attorney. In fact, in some situations, it’s vital to enlist the help of the best tax lawyer you can afford to achieve a satisfactory resolution to your tax issues. Here are a few instances in which you’ll want the help of a tax lawyer.
You’re Facing an Audit – Did you know that the IRS can audit ant business tax return within three years of filing? If your business is facing an audit of you’re facing an audit on your personal tax return, it pays to have a tax attorney working with you. An audit can put mental and financial stress on you, your family, and your business. Working with a tax lawyer can ensure that you avoid any further error. And should you face tax debt as a result of an audit, a tax attorney can help you negotiate a reasonable compromise and set up a payment plan.
You’re Facing Tax Litigation – Tax-related litigation is a daunting experience. A tax lawyer is critical in these situations, especially when they result in you making an appearance in court. For example, if you’re facing charges of tax evasion or tax fraud, you’ll need someone who is well-versed in tax law to represent your interests. Without the help of a tax lawyer, you could be facing terminology and laws that you have no knowledge of whatsoever. With a tax lawyer, you’re guaranteed fair representation and legal counsel.
You’re Facing a Large Tax Debt – It’s not uncommon to owe back taxes to the government. It happens to countless people every tax season! But when you’re facing a large tax debt, your situation can quickly become more complex than making a few monthly payments to the IRS. In these instances, it’s necessary to work with a tax attorney to negotiate a fair, manageable monthly payment rate. Without their knowledge of tax law, you may be facing an even greater financial burden than you thought.
In any situation where you have questions about IRS actions against you, it’s important to enlist the help of a tax lawyer. Not only can they help you better understand your situation, they can help you reach a fair settlement.