If you are thinking about getting a tax lawyer, you could be wondering 2 things : whether you actually want a tax lawyer at all ; and, if you do, how you go about selecting one. This post is to help you in choosing whether you are required to hire a tax attorney to represent you and, if you decide you want one, questions you can ask a potential tax lawyer.
You may at least contact a tax attorney for a consultation but there might or might not be a charge for this. Always check during your initial phone call before you show up or start talking about your problem on the telephone. Tax issues can be very complex and complicated, so if you find yourself in a scenario where you are making a guess about what to fill in on a tax form or how much to pay, you may want to research for tax lawyers.
More precisely, if you find yourself in the following scenarios, you may want to consult a tax attorney or you may find yourself paying a huge amount of taxes while not required actually to pay these amounts. If you are getting sued by the taxation office or receiving heavy penalties, these are other reasons why you may really want to contact a tax attorney.
If you plan on starting a business and want to choose the most effective way to structure it for tax purposes, a tax attorney can help you with this. Do you take part in financial transactions or prep your estate to maximize tax refunds and reduce tax payments.
What Questions You Ask When Hiring A Tax Lawyer?
You may get a “feeling” about a tax attorney when you talk to him the 1st time ; this is something that you may definitely follow when selecting your tax attorney as you want to feel one hundred percent confident having them represent you and your business. Apart from this, these are some questions you may ask a tax lawyer you are considering hiring:
In which states are you licensed to practice law? Have you got an advanced degree in taxation in addition to a law degree? Additionally you may want to find a lawyer who is also an Authorized Public Accountant ( CPA ).
The Internal Revenue Service is taking you to court. Or maybe you’re taking them. In either case, you need to be prepared to face them in tax court. You are going to need an expert to fight your case and ensure you get the best possible resolution to your tax matter. A tax relief attorney could be the solution you are looking for. Tax relief attorneys are experts at battling in front of tax courts and against the IRS. So how do you go about hiring a tax relief attorney?
Education is Key
One of the most important aspects of a tax relief attorney’s portfolio is their education. Are they educated in taxation? Do they keep up with case law and the latest tactics? Of course lawyers are regulated by the government and must pass the state bar exam in order to practice, however in order to practice in front of the tax court, an attorney must have additional licensing. Make sure they are licensed to do so. You may also want a highly specialized form of tax relief attorney that is also a certified public accountant. CPAs are automatically qualified to practice in front of the tax court. They are also required to maintain their education by completing accounting CPE credits each year as regulated by the state board of accountancy. A CPA is going to have specialized knowledge of auditing and attestation as they have successfully passed the Uniform CPA exam exemplifying their ability to hold up the law financially. A tax relief attorney who is also a Certified Public Accountant can be the best solution to resolving your tax matter. Though they are few far in between, they are out there none the less.
The tax relief attorney you select should also be experienced. After all, everyone wants an experienced professional on their side regardless of the matter, circumstances, or profession. If will behoove you to ask or research the amount of experience they have practicing in front of the tax court, overall number of years they’ve been practicing law and their success rate. Ask for references and so you can find out for yourself how well former customers thought the tax relief attorney performed on their behalf. Don’t be afraid to ask the attorney questions about their experience, business, process and staff. They are professionals and will understand your desire for answers and references. This is your tax matter and ultimately you’re going to live with the final result. By doing your diligence on the front end, you are much more likely to be happy with the end result.
Hourly rates can range from practice to practice, so make sure you understand the rate structure up front. Inquire about all payment or financing options as well. Compare rates to experience and education. You may A tax relief attorney who is also a CPA is probably going to charge more than a standard tax relief attorney, but depending on your situation their education may be worth the extra cost. In most cases, a high quality tax relief attorney will conduct an initial consultation with you for free and provide a snapshot of what you can expect.
In any case, the tax relief attorney is there for your benefit. They are going to be forward focused on your financial state and will fight to get you the best possible resolution. A high quality tax relief attorney will provide an action plan and give you a clear idea of what you can expect from their services. Many of these solutions you may not have been aware of or that they were available to you. Hiring a tax relief attorney can be the key to resolving your tax matter without further financial damage.