Do You Need A Tax Attorney if You Owe Back Taxes?
Do You Need A Tax Attorney if You Owe Back Taxes?
If you owe back taxes you might think you
need a tax attorney, but that’s not necessarily always the case. Just like
hiring a traditional accountant to try to resolve your tax debt might not be
the best choice, hiring a tax attorney, who doesn’t specialize in tax
resolution might be the same thing.
When you owe the IRS back taxes, it’s
best to have the right tax relief firm representing you so you can get the best
result possible. Don’t try to face the most brutal collection agency on the
planet alone. You’ll be sorry you did.
In this article we talk about some of the
differences between a tax attorney and someone who specializes in tax relief
and IRS negotiation.
Note: If you already have a tax problem and owe more than $10k to the IRS or state but can’t pay in full, contact our firm today. We help people find tax relief, file years of unfiled tax returns, and sometimes settle their tax debt for a fraction of what’s owed. See www.fairtaxsolutions.com for more information!
What
Do Tax Attorneys Do?
Tax lawyers help businesses and taxpayers
with a number of tax related issues such as;
● Legal issues
pertaining to taxes
● Corporate tax
matters
● Starting up a
business and entity formation
● Taxable estate
matters
● Tax controversy
and tax negotiation (only if a tax resolution specialist too)
Tax attorneys work on both the state
level and the federal level. Though some tax attorneys might be able to
negotiate with the IRS to settle your tax debt, not all tax attorneys
specialize in tax controversy and resolution, nor do they have the experience
to do so.
The biggest and most important difference
between a regular tax attorney and someone who is a tax resolution specialist,
(who’s a CPA, Enrolled Agent or attorney), is regular tax attorneys specialize in transactional tax
planning. Their work generally includes
minimizing taxes on a go-forward basis.
A tax resolution specialist is someone who can help resolve your back
tax issues on amounts already owed, or will be owing, to the IRS/State.
It’s important to ask what type of tax
matters they handle before engaging a tax attorney to solve your tax debt. Most
CPAs and Enrolled Agents, who are tax resolution specialists too, can be just as effective as an attorney that
has experience in tax resolution matters.
Are
tax attorneys accountants?
The short answer is no.
They both work with taxes, yes, and they
both have a background education in accounting, but tax attorneys focus on the
legalities of taxes, and their goal is to help you understand and navigate
legal matters as they relate to taxes.
They do not generally help you to prepare
your tax returns unless they specialize in tax relief and specifically help you
catch up on years of unfiled tax returns.
Additionally, while tax lawyers are
always legally bound by confidentiality policies, accountants and CPAs are not
bound by the same rules because they are not all subject under the same laws.
Common
Reasons for Hiring a Tax Attorney
Common reasons why people seek out the
assistance of these professionals include when:
● They need legal
tax advice for business purposes
● They are faced
with complex or criminal IRS matters.
● They are dealing
with estate-related issues.
● They need to file
a suit against the IRS.
You can consult a tax attorney either
before you run into any problems in order to avoid any potential problems in
the future, after a problem has already arisen, in which case they will help
you to sort things out and get you back on the right track and where you need
to be.
OWE
BACK TAXES?
It’s important to note that only
experienced firms like ours are able to handle tax debt cases since negotiating
with the IRS requires specialized skills that often fall outside of the scope
of most conventional firms.
Our firm specializes in tax problem
resolution. We have CPAs, EAs and attorneys who can represent you before the
IRS. We serve clients virtually so don’t hesitate to reach out. If you want an expert tax resolution
specialist who knows how to navigate the IRS maze, reach out to our firm and
we’ll schedule a no-obligation confidential consultation to explain your
options to permanently resolve your tax problem. See www.fairtaxsolutions.com for more information!
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