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What a Tax Attorney Can Do for You

January 10th, 2012 · No Comments · Taxes

Kristy Welsh

by Kristy Welsh

At the end of every year, many people in the U.S. begin thinking about taxes – what they owe, what they are due, where they can still save and what will happen come April 15.

If you are one of the many unfortunate souls who owe federal back taxes, the Internal Revenue Service (IRS) offers assistance on topics as diverse as where to get free help to setting up an installment payment plan.

However, if you still feel overwhelmed by all the information available out there, you may find the assistance of a tax attorney helpful in maneuvering the many intricacies of tax law.

A Tax Attorney Offers Expertise

A tax attorney specializes in understanding tax laws and in assisting individual taxpayers and businesses to resolve their tax problems. In fact, a tax attorney can assist you through a tax audit, with small business or self- employment tax issues, and may even be able to assist you with setting up trust funds, stock portfolios and other financial investments.

In addition, a tax attorney can help you:

  • Settle your tax debt for a portion of what you owe (Offer in Compromise)
  • Help to remove interest charges and penalties
  • Seek to remove liens
  • Potentially get fines reduced
  • Prevent wage garnishment
  • Stop property seizure and tax levies
  • Another area that divorced taxpayers may confront is dealing with tax liability and any additions to tax, interest, or penalties that arise due to a prior joint return. However, depending on your individual situation a tax attorney may suggest you consider Innocent Spouse Relief.

    Find the Right Tax Attorney for You

    When seeking the assistance of a tax attorney, be sure to:

    • Evaluate qualifications. Look for someone with extensive experience dealing with the IRS and/or state tax board.
    • Check references. One of the best references is someone you know and trust. So begin by asking friends and relatives for a referral.
    • Verify membership. Look for a tax attorney who is a member of the state bar and the American Bar Association (ABA). You can contact both associations to verify membership. Additionally, check with the Better Business Bureau (BBB) to ensure the attorney is accredited.
    • Schedule a face-to-face meeting. Meet with several prospective tax attorneys. Discuss your situation and find out their services and fees.
    • Get it in writing. Make sure to sign a contract that includes explanation of services, hourly rate, anticipated fees and estimated hours involved.

    If you have problems with the IRS, you don’t want to wait any longer than necessary to handle your tax issues. Talk to the IRS and/or a tax attorney to resolve your tax issue as soon as possible.

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