What to Look For in a Tax Lawyer
Tax lawyers offer their expertise to clients on all aspects of tax law. They advise business owners on matters such as tax-exempt organizations, corporate taxes and retirement plan administration; in addition to personal taxes and estate planning.
A qualified Tax attorney should possess knowledge of state, local and federal taxes as well as the laws pertaining to international taxation.
For the best Tax attorney, they should possess a Juris Doctor degree and be admitted to the bar in their jurisdiction. Furthermore, they should possess extensive experience working with IRS agents and other taxing authorities.
They should stay abreast of all relevant laws and regulations that impact their clients. Furthermore, they should have the ability to explain complex topics in straightforward language so their clients can comprehend them and make informed decisions regarding their finances.
Some tax lawyers specialize in specific areas of the law, such as international taxation, corporate taxation or state and local taxation. Others focus on individual or family tax issues.
Their services can be obtained with a retainer fee, which is usually paid upfront. Alternatively, they may charge a contingency fee which is typically an amount equal to the damages awarded in a case.
A trustworthy Tax attorney should clearly outline their fees and be honest about what they expect to earn from your case. This is particularly crucial when dealing with debt negotiation with the IRS.
Tax attorneys providing their services at competitive rates and willing to work with you are the best in the business. In many cases, they negotiate lower interest rates with the government in exchange for helping you pay off your debt over time.
They will keep you informed throughout the entire process and address any queries or worries along the way. It would also be wise to inquire about their billing practices, such as whether they use an accounting firm or administrator for handling your case and how much it costs.
For tax firms with a solid reputation, look for those with an A+ rating from the Better Business Bureau and an impressive 4.8 stars from Google reviews. While some negative reviews may appear from time to time, they are not common.
Some tax attorneys possess a Master of Laws in Taxation certificate, signifying they possess extensive expertise about this area of the law. This distinction helps them stand out from their competition and gives clients peace of mind that they have access to an experienced expert within their field.
Their services also include tax resolution, which is the process of bargaining with the IRS and other government bodies to secure maximum relief for their clients. Furthermore, they help their clients steer clear of costly audits and penalties.
When faced with a complex tax issue, having access to an experienced Tax attorney is your best bet for protecting yourself and not losing any funds. They may help avoid garnishments or levies that the IRS can place on your bank accounts or wages.