If you are planning to hire a tax lawyer, make sure you research the firm’s qualifications before you sign a contract. Tax preparation can be complicated and confusing, but you can avoid this hassle by hiring a tax attorney. Tax preparation companies often ask for upfront fees that run into the thousands of dollars, and later claim they cannot work out an agreement with the IRS. Hence, you should proceed with caution before hiring a tax attorney.
When hiring a tax attorney, make sure you find out what kind of experience the lawyer has in dealing with the IRS. Tax attorneys can help you get a favorable settlement deal if you have a substantial amount of back taxes. In cases where the IRS refuses to accept an offer in compromise, your tax lawyer can work with them to get it removed or negotiate a deal with the IRS. The best way to avoid this scenario is to hire a tax attorney who is experienced in this area. Stamford Tax Attorney can help you with this.
When hiring a tax attorney, it is important to make sure that you get a free consultation first. While most tax attorneys offer consultations for free, some firms charge a consultation fee, so be sure to ask whether they charge for this service. You should also calculate the savings you would have had without a free consultation. Although the cost of hiring a tax attorney can seem high, it depends on your personal situation. While some lawyers can save you pennies on the dollar, others can save you millions on a yearly basis.
While many people don’t consider hiring a tax attorney until they face a difficult situation, it is important to remember that a tax attorney has several other benefits beyond just assisting you with your taxes. Their expertise and experience in this area of law will ensure that your business is handled properly and on time. In addition to being an excellent tax attorney, they can help you to get a better deal on real estate transactions.
In addition to the qualification of a tax attorney, you should also look for his experience and certification. You can find the certification of an attorney through the state bar association website. A tax attorney with a CPA license and a master’s degree in taxation is a good choice. Also, make sure to ask if he or she prepares your tax returns for a fee. In this case, you will need a PTIN for the preparation fees.
Another benefit of hiring a tax attorney is that it protects you from abuse. Though most agents are courteous, there are times when they may not be. Tax lawyers can act as a middleman and handle all communications with the IRS on your behalf. If your tax problem is more complex, you can hand over the burden of case work to a professional. Your tax lawyer will ensure that all required documentation is received by the IRS.