When Do You Need a Tax Attorney?
Tax attorneys are lawyers who specialize in the complex and technical field of tax law. Tax attorneys are best for handling complex, technical, and legal issues.
Tax attorneys are lawyers who are trained in the complexities of tax law. There are many situations where the expertise and advice of a qualified tax attorney is a must, and the importance of finding the right person for the job cannot be stressed enough. The following article provides a brief primer on tax attorneys including an explanation of what a tax lawyer does, what the reasons are for hiring one as opposed to another qualified tax professional, and what to look for in a potential candidate.
Business tax is tax paid by individuals who run businesses and business organizations. Business tax attorneys guide businesses through the intricacies of tax planning and act as advisors and negotiators in case the government contests taxation claims. Their guidance will help minimize tax liabilities, helps maximize profits through the business, avoid possible tax avoidance investigation by the government, and make expert counsel available in case of litigation.
Educational Background for a Tax Attorney
A tax attorney is foremost a lawyer. This means that the individual has attended an ABA accredited law school, graduated, passed the bar exam for the state where the attorney practices, and is currently in good standing with that bar association. These are the basic, minimum qualifications that an attorney must possess.
Tax, however, is an extremely complex area of law, and tax attorneys will often have an additional year of schooling, called a Masters in Tax or an LLM in Taxation. This means that the lawyer took an entire year of only classes in taxation. Finding an attorney with a Masters in Taxation is one way to ensure that the lawyer is committed and knowledgeable about tax law.
While there are several ways to of finding a tax attorney, the three best options are:
* Seek out and contact personal referrals and recommendations.
* Ask a qualified tax preparer, accountant, or CPA for recommendations.
* Contact the local Bar Association.
The IRS attorneys who specialize in tax planning are able to review and structure your financial affairs so that you can avoid such problems. They must be well acquainted with the latest tax laws. This kind of legal representative are able to help both the civilian and corporate clients.
There are some attorneys who have proficiency in handling bankruptcy cases. They will assist you to file for bankruptcy. They ensure the IRS officials on your behalf that all the finance related information is valid and accurate. In case of repayment, they will also negotiate with the officials.
The legal representatives who are expert in managing such controversies are ideal if you have pending cases filed in the court. They are experienced in courtroom procedures as well as in working with the IRS officials. Thereby, they can conveniently prove your innocence if you can provide proper documents.
The fees of these legal representatives are generally higher than the regular attorneys. But they are the best person to consult with while facing trouble with the IRS. Always keep in mind that the auditor is not there to solve your problem, they are being paid by the government and their sole purpose is to ensure the latter’s benefit.