Tax law is so confusing and complicated that it can be very difficult for anyone to understand. If you ever find yourself with a tax-related problem that needs solving then a tax attorney is essential. An expert will know exactly how the law works and be able to make suggestions about what it is you should do.
Preparing for an Audit
One of the most common reasons people will be searching for a good tax attorney is because they are about to be audited by the IRS. An audit is stressful, even if you’ve done nothing wrong. A tax attorney will be able to look over your tax returns and make any suggestions. They will also be able to represent you with the IRS so that you can get the best outcome possible.
To Prevent Enforcement
The IRS has quite a few tools up its sleeves to enforce any problems with your tax return. A qualified and experienced tax attorney will be able to fight on your behalf to try to prevent any of this enforcement action. Whether the IRS is threatening to freeze your assets or garnish your wages an experienced Tax Attorney can help to argue your case and limit the action the IRS takes.
Tax attorneys can negotiate with the IRS to save you money in the long run. If they are threatening to charge you thousands then you can hopefully let your tax attorney get you off the hook and spend slightly less money.
A tax attorney can also help to educate you about tax law. This is very important if you are considering starting a new business and want to understand the tax implications of doing so. You can ask the attorney about the taxes which would be payable when purchasing the business, and the yearly tax liabilities.
Whenever money is involved, the IRS often likes to get involved too. If you are trying to gift money to friends or family then you will need to talk to a tax attorney. They will help you to work out whether or not you will be liable for any tax when giving money away.
Most people only ever talk to a tax attorney when they are already in trouble with the taxman, but you don’t have to wait that long. Tax advisors can help to get your tax returns in order so you don’t find yourself with an unwanted tax bill. One tax attorney worth a look at is hillhursttaxgroup.com. Hill Hurst Tax Group has a lot of experience helping clients save money when dealing with the IRS.