Tax attorneys are attorneys that specialize in the specialized and complicated field of tax law. They are best for dealing with legal and technical matters related to your tax situation. An attorney is capable of defending you from embarrassing situations, which can come about as a result of not being able to deal with the tax issue appropriately. An attorney can also step in at the very early stages of a tax issue but consulting an attorney in advance can help you prevent problems from even occurring in the first place. While these issues may be uncomfortable and frustrating, they can be easily dealt with the right tax attorney by allowing the professional to take the helm.
One of the most common tax issues that tax attorneys deal with is criminal investigations and charges. If there is a suspicion of tax evasion or any other criminal act related to tax payments, it is advisable to consult a tax lawyer. The lawyer will help assess the case and advise his client on various methods that can be taken to minimize taxes or escape jail time altogether. There are specific tax crimes like asset seizures, bank levies, and tax liens that can render a person liable for jail time, fines, and even more serious penalty. A good tax attorney will be able to prevent such penalties from happening. They can represent you in criminal investigations and court cases so that you don’t have to deal with the consequences on your own.
Many tax attorneys deal with tax controversies that arise from a simple error made by the accountant. Accounting mistakes can lead to huge tax debts, fines, and in some cases suspension of your license to practice law. These professionals are well-versed in how to approach accountants and lawyers in defense against tax evasion and fraud. If you suspect that you’ve been the victim of tax evasion or fraud, it’s important that you speak with an accountant as soon as possible. Tax attorneys can help you with legal advice and help negotiate settlements with your accountant.
When faced with complex issues like property taxes, personal income taxes, estate taxes, or IRS tax investigations, a tax attorney often represents more than one client at a time. He has the skills and resources to conduct a comprehensive review of all applicable laws and regulations regarding a client’s specific issue and file legal documents in support of his client’s position. In many instances, these professionals work out arrangements with tax collectors, lenders, and other agencies for deferred tax amounts or allowances, reduced tax amounts, or other types of settlement agreements. For tax attorneys who deal with immigration issues, they may also represent illegal immigrants and their families in pursuing options to resolve past due taxes.
Attorneys also represent individuals who are facing serious tax consequences for tax non-compliance. For example, a tax lien holder may be sued if he does not repay his delinquent taxes. With the help of tax attorneys, the client may be able to avoid foreclosure and other significant tax consequences.
For clients that own boats or business aircraft, they might need to hire tax attorneys and accountants to help them avoid tax liens, interest, and penalties. Real estate brokers, consultants, and consultants might need help from tax attorneys and accountants in dealing with their clients’ complex tax matters. Hiring tax lawyers and accountants is a good idea, as it can save money and time in the long run.