Why Do You Need A Tax Attorney
It is unfortunate but true, that many people do not even consider consulting a tax attorney until they open their mailboxes one day and there is that dreaded letter from the IRS. A tax attorney is a lawyer that specializes in all areas of taxes. The tax attorney is required to attend law school for one to three more years, after regular law school, to receive their master’s in taxation.
The IRS has its own group of experienced tax attorneys, so if there is ever a time when you need to face the IRS for any reason, it is imperative that you have your own tax attorney with you. A tax attorney has all the tools and means necessary to handle any tax matters that come up during any tax disputes or issues.
If you have been contacted by the IRS and are looking to retain the services of a tax attorney, there are certain things to keep in mind when looking for the right one.
First, you need to choose a tax attorney that has extensive knowledge and experience in all areas of taxation. This means your chosen tax attorney should be up to date on all tax regulations, laws, recent and past tax court cases, recent and past tax rulings, appeal procedures, audit procedures, tax litigation, and collection.
You should also look for business knowledge when considering a tax attorney
Your tax attorney should have a good deal of knowledge when it comes to business accounting. He or she should have the experience and training in financial areas in order to understand your case fully. Your tax attorney should also have a working knowledge of many other legal areas, such as bankruptcy, agency law, and contract law. Your tax attorney should have a good deal of legal knowledge in order to recognize any issues that could be deemed criminal in nature.
Finally, you need a tax attorney that has skills in negotiation and litigation as well
If you need to take on the IRS, you will need a tax attorney that can negotiate settlements and be at your side if you do need to go to a Tax Court, if the IRS accuses you of a tax crime. Dealing with the IRS can be a long, hard, and demeaning process. It is imperative that you have a reputable, knowledgeable tax attorney at your side during the ordeal.
Your tax attorney will have full working knowledge about all aspects of the tax laws and what the IRS legally can and cannot do during the process. He or she can advise you on your rights if the IRS happens to break the law during any part of your dealings with that agency.
Let Me Summarize It For You
You will need a tax attorney for the reasons listed below:
- Complex tax issues: If you have complex tax issues, such as disputes with the IRS, a tax attorney can provide expert legal advice and representation.
- Tax planning: A tax attorney can help you plan your finances in a way that minimizes your tax liability and ensures compliance with tax laws.
- Representation: A tax attorney can represent you in front of the IRS or state tax authorities during audits, collections, or appeals.
- Tax litigation: If you need to go to court to resolve a tax dispute, a tax attorney can provide legal representation.
- Legal advice: A tax attorney can provide legal advice on tax-related issues, such as the tax implications of business transactions or estate planning.
- Estate and gift taxes: If you need help with estate and gift taxes, a tax attorney can provide expert advice.
Disclaimer: The information presented here should not be interpreted as legal or tax advice. If you need legal or tax advice, please seek professional advice from a qualified tax attorney for your best options.
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