A tax attorney specializes in the interpretation and application of tax laws and policies. There are a plethora of services that tax attorneys can perform for their clients which make them incredibly valuable to those who need them. A tax attorney has tremendous expertise related to tax laws, regulations, and policies at all levels: federal, state, and local. For those who have a lot of assets, be it personal, business, or both, it is best to get an IRS tax attorney who understands the intricacies of the IRS. Tax lawyers represent clients in dispute cases with the IRS. They offer guidance and help clients resolve a range of tax issues. They help to deal with any tax issues related to property acquisitions, business transactions, and business structures.
Becoming a tax attorney requires extensive training and preparation. It requires completing years of law school to earn a Juris Doctor degree. Many tax lawyers who are highly skilled at their jobs also take their education a step further by obtaining a master of laws degree in taxation (LL.M.).
Why You Need A Tax Attorney
Getting a tax attorney provides you with the necessary protection you need to protect yourself and your assets. A tax lawyer provides a buffer to protect your rights and negotiate on your behalf with the IRS. With the vast wealth of knowledge that tax attorneys have, they can act as the perfect mediator between you and the IRS, helping you reach the best possible outcome you can get with the IRS.
- Help with an IRS Ruling
A tax lawyer is skilled at challenging an IRS ruling in a court of law. They can help settle back taxes which the IRS can loop around your neck if you do not have proper representation. They can help put a stop to wage garnishment even when you have some tax debt to settle. With a tax lawyer, you stand a fighting chance when it comes to undoing property liens and negating account levies, or even passport blocks. With a tax attorney, it becomes easy to negotiate compromises with the IRS that works best for you and your situation.
Almost all taxpayers have needed the assistance of a tax attorney at one point or the other. With each person having a unique and different situation from the other, dealing with the IRS can be quite confusing and difficult. Some people attempt to deal with the IRS by themselves to save themselves some money, but that is not a smart move. In the long run, they end up spending more than they would if they had paid for a tax attorney in the first place. A tax lawyer, filled with the skills and the knowledge necessary, can deal with the IRS efficiently and effectively.
- Help with Tax Liabilities
Taxpayers often hire tax attorneys to help them reduce their tax liabilities in advance of filing a tax return. With a tax attorney by their side, the taxpayers can receive sound legal advice on the next steps they need to take in terms of managing their wealth and minimizing their taxes. Tax attorneys can also assist in terms of estate planning, creation of wills or trusts, incorporating businesses, and drawing up business contracts. They also provide excellent advice on matters of international tax considerations and foreign assets.
- Help with Tax Codes
There are thousands of tax codes that can easily overwhelm and confuse people. However, with the bulk of education and experience under their belt, a tax attorney knows how to quickly cut through the bulk of the matter and pluck the right code that works best for your situation and gets you the best deal possible. It is smart to get a tax attorney if you are being audited, owe back taxes, are setting up a will, or starting a business. If you are looking to buy or sell a business, trying to protect your assets, or if you find yourself under investigation by the IRS, the best thing you can do is engage the services of a tax attorney.
Final Words
When looking for a tax lawyer near you, there are certain things you need to look out for before making a decision. With the uniqueness of your situation, it is smart to look for a lawyer that has all the right training. This reassures you that the lawyer is knowledgeable and experienced enough to handle your unique situation. The lawyer must also be licensed to practice in your state. All lawyers must have a license that allows them to practice in your state. More than the degrees and the experience, it is also important that the lawyer you choose is a good fit for you and your case. Dealing with the IRS can be an emotional case so you must find a lawyer that you can deal with. That will make the process a lot easier. Call the nation’s leading tax attorneys from Victory Tax Lawyers today for a free consultation at (800) 883-8301
Also Read: IRS Impersonation Scams: The Government’s Response to the Ongoing Issues