Few business owners realize that a personal tax attorney is as important as a secretary or accountant.
Tax attorneys specialize in tax law. Tax attorneys are best at fixing tax concerns, but they can also aid with other legal matters. Tax attorneys are distinguished by their significant taxation law training.
Tax attorneys help individuals and businesses in two ways:
Tax Planning – Tax attorneys manage your finances to avoid future tax issues. When the IRS flags your finances, tax professionals will guide you.
Tax Controversy – Tax attorneys can help protect your rights in tax disputes. Tax attorneys can fix your tax issues and clear your name. Tax attorneys lower penalties, erase liens, and bargain with the government.
Hire a Tax Attorney When?
You decide. A monthly tax attorney retainer can prevent problems for you and your business. He can advise you and alert you of potential mistakes. He can also work with your accountant to avoid future tax issues.
You might engage a tax attorney if you are having tax problems and feel helpless in negotiations with the IRS. The first option is best, but this second option is better than not employing a tax attorney. Few civilians or business owners can handle the IRS.
Tax Attorney Costs?
If you hire a tax attorney on a monthly retainer, you’ll pay several hundred to more than a thousand dollars per month, depending on the law firm and the attorney’s duties.
You may pay an hourly amount to talk with a tax attorney as needed. Again, the fee depends on the law practice and the issue.
If you win, your tax attorney may not charge you. The IRS will handle it. Your tax attorney may also take a cut.
There are no comments for this doc yet.