What Can A Tax Attorney Do For Me

A tax attorney also is expedient understanding the complexities of your issue and the processes necessary for resolution.

What can a tax attorney do for me. An attorney can help you choose the appropriate tax year or will ensure that you comply with government requirements as to your business s tax year. Of course buying or selling a business also comes with tax consequences that a tax lawyer can help you understand. You just need some help. While accountants and cpas are more focused on managing your finances and filing tax returns a tax attorney deals with the legal aspects of financial proceedings including payroll taxation issues international business tax laws filing a lawsuit against the irs or representing you if the irs files a lawsuit against you irs criminal investigations or tax fraud investigations.

A lawyer will know which approach works best based on your individualized situation and how best to present your defense. They re best for handling technical and legal issues associated with your tax situation. Business income may come in many forms. Tax attorneys are lawyers who specialize in the complex and technical field of tax law.

In addition to speaking and negotiating with the irs on your behalf a tax attorney is often able to dissuade the irs from pursuing inappropriate lines of questioning. If you fall into that category and you re struggling to make payments to the irs then you might want to give them a call. You will find out what an attorney can do for you. Dealing with the irs can be both stressful and overwhelming.

To make this determination the irs looks at your income and assets to determine your reasonable collection potential you must provide detailed information about your financial situation on irs form 433 a collection information statement. Tax attorneys know all of the laws and they can help you sort our your financial situation. A tax attorney serves as your advocate in dealings with the irs. An attorney can step in after you have a problem but consulting with one in advance can also help you avoid problems in the first place.

You can also expect advanced negotiating skills ensuring that you end up with a reasonable settlement offer. A tax lawyer can help you understand the tax consequences of different business structures especially if you have partners or investors. If the irs can prove that you filed a false tax return a fraudulent tax return or failed to file any return at all. In such cases the statute of limitations goes out the window and they can come after you at any time i e no statute of limitations period on making an additional assessment.

Tax attorneys offer many benefits that other tax professionals do not and also are able to provide a wider variety of solutions than most other tax professionals. It s not fun having tax issues but there is a way out. The irs refers to gross income which includes goods property services bartering and income derived from sales.