A tax attorney or tax lawyer specializes in assisting taxpayers with criminal and civil actions brought by the IRS or the state of residence. A tax attorney holds a Juris Doctor (JD) degree and must pass the state bar examination just like any other attorney. In addition, most tax attorneys have also completed specific coursework and training that focuses on federal and state tax laws. Often, a tax attorney also possesses a strong background in the accounting field and may be a certified CPA. A tax attorney can help with many other issues such as estate planning and setting up a new business.
One important area where tax attorneys work is helping taxpayers who have gotten behind on their taxes and are looking for some type of resolution. Though it is possible for an individual to work out their own tax problems with the IRS, it can be very intimidating, complex and worrisome to do so. Most people don’t have the extensive knowledge required to understand their options. The tax code itself is a labyrinth of complicated laws and legal jargon that can be difficult even for trained professionals to understand.
Tax attorneys can also be helpful for small business owners who are looking for legitimate ways to lessen their tax burden through specific tax shelters. There are numerous methods of investing and structuring your organization that can result in lower taxes for your company. Those who are self-employed may benefit from working with a tax attorney to help them decrease their taxes. Since tax laws are so confusing and complex, a tax attorney can be a great asset. The tax laws change every year making it impossible for most individuals to keep up.
If you are dealing with issues such as an audit or errors on past tax returns and the situation has spiraled out of control, a tax attorney can help you figure out the best solution for your situation. Once he learns all the details of your case, he will suggest several viable courses of action and give you advice on the repercussions of certain decisions and outcomes. This often brings clarity to your situation and helps you prepare for the future.
If you already have tax liens, wage garnishments or bank levies, your tax attorney can serve as a mediator with the IRS. Many times, once the IRS representative sees that you are making an honest effort to resolve the issues, they are more willing to reduce fines.
Choosing a Good Tax Attorney
Thorough research is required in order to find the tax attorney that is right for your needs. Be sure to check all credentials and online reviews. Ask friends for referrals. Make sure the tax attorney has adequate experience working with the IRS. Professional tax attorneys should be members of the American Bar Association and state bar association. Ask about fees and charges before you begin. Most will require some type of up front payment.
Taxpayers sometimes find themselves in complex tax predicaments that leave them feeling bewildered and worried. Tax penalties and fees continue to mount up even if you’re working to try and resolve the problems. The quicker you can set up an arrangement and start making payments on unpaid taxes, the better.
Tax Resolvers uses only tax attorneys that are seasoned experts in their field. They have extensive experience in tax law and accounting. Each year, they work with taxpayers in all types of predicaments to help them reduce the amount owed and get on a payment plan that will work with their budget. Please contact us if you’d like to learn more about how a tax attorney can assist you with your tax problems.