When You Need a Tax Lawyer

A tax lawyer will be able to help anyone filing their taxes when it comes to answering questions about tax issues or helping with legal matters relating to tax issues when filing your annual tax return. Tax lawyers can help anyone filing their taxes sift through the mind numbing paperwork and answer any tax related legal questions. A tax lawyer should be hired by an individual or a company when an audit is going to take place, when tax penalties are going to be assessed, and when tax fraud charges have been brought against a person or company. A tax attorney will perform a handful of tasks when you first meet. Those tasks include gathering facts and information about you, evaluating all aspects of your tax issue, indentifying your options and explain what you can expect from the case. Not all cases regarding tax problems can be resolved out of tax court or without dealing with the IRS directly. A tax lawyer will deal with the IRS one on one and will represent his or her client in their best interest in a tax court of law during the case at hand. There are ten reasons why a person filing their taxes should consult a tax attorney. Those ten reasons are time, immediacy, tax year, business income, state taxes, employee taxes, business form, business deductions, change and ignorance is no excuse.

Time

A tax lawyer will be able to explain to any individual in a timely manner all of the individual’s tax obligations and how to meet those obligations without taking much time to do so.

Immediacy

A tax lawyer will also be able to help anyone with a business keep their financial records, which should be in place before the business opens, and shouldn’t be done during tax time.

Tax Year

Every single business in America has a designated tax year. This means that the business can choose their own tax year, with the help of a tax lawyer, or use the tax year given to them by the IRS.

Business Income

Business income does not arrive in one form but often a variety of different ways. The IRS defines gross income as goods, property, services, bartering and income derived from sales. The failure to report gross income can lead to additional taxes, interest, and penalties. A tax lawyer can help identify a business’ gross income.

State Taxes

Many businesses across the country acquire their income from doing business in other states including the one that they operate out of. If this is true for your business, a tax lawyer will help you understand the rules and laws of state taxes from other states.

Employee Taxes

If you own your own business but have no employees, the IRS might consider you to be the owner and the employee of the business, which means you would have to pay employee taxes. A tax lawyer will help you determine what the tax implications are regarding this dual role.

Business Form

A tax lawyer will also help you determine which business form you should use when filing taxes for your business.

Business Deductions

One of the most popular advantages to starting a business is the opportunity to have business deductions that help to offset income. Not everyone knows what these deductions are but a tax lawyer will be able to define them for you.

Change

The laws for federal and state agencies regarding taxes change frequently and a tax lawyer must keep up with the ever changing laws to explain them to his or her clients.

Ignorance is No Excuse

The IRS does not care that you didn’t know the rules or didn’t understand the laws regarding how to file your taxes. A tax lawyer will be able to explain all of the rules and laws for filing your taxes.

• Do you have a question regarding tax laws? If so, contact an experienced Tax Attorney in your area today!