Whether you owe back taxes, are looking into hiring someone for payroll, or just want to know what deductions you can take, a tax attorney can be a great resource. It’s easy to think of a tax attorney as a lawyer who specializes in tax law, but that’s not true. Tax attorneys deal with all sorts of tax law, including estate tax, self-employment, bankruptcies, and more. The bottom line is that an attorney can offer support from a tax standpoint and/or guidance on how to properly file your taxes.
It’s true that tax lawyers can handle issues that accountants cannot but you do not need to be at the legal battle of your life without an attorney’s help before an expert’s service can be beneficial. In fact, tax issues can make it difficult for even accountants to understand all of the legal forms and options available to them. This alone can cause many taxpayers to become confused and miss out on deductions they otherwise would have received. Even if a tax issue is not your area of expertise, it never hurts to seek counsel from a professional tax attorney so that you have someone to discuss your situation with. They can explain the system better and ensure that you receive the help and assistance you need, whether it is in preparing for a tax return, filing your return, or contesting a tax assessment.
Orlando Tax attorneys are not just lawyers; they are experts in their particular field of taxation law and know all the rules and procedures of the IRS. A tax attorney can advise you of the steps you should take as well as any actions you should consider taking on your own. Since they are fully knowledgeable about tax laws and can interpret them and advise you accordingly, they can provide you with the help you need when you need it most.
Not being able to pay your taxes can lead to penalties and interest being added to your tax bill. If you have already been given notice of penalties and do not have the funds available to pay them, hiring a tax attorney will allow you to request a stay of execution of the penalty or other action. Stay legal experts can also provide you with alternative payment arrangements, such as making payments directly to the IRS. This not only prevents interest and penalties from accruing but can potentially save you thousands of dollars in back taxes, penalties, and late fees.
When preparing for a criminal investigation or attempting to resolve issues with the Internal Revenue Service, it is always important to have a tax attorney on your side. Without expert representation, you could subject yourself to criminal prosecution. Hiring Orlando tax attorneys has become quite common because tax laws are more complex than ever, with new developments affecting the tax treatment of many different types of income and expenses. Whether you are facing potential prosecution or simply need legal advice on the proper way to handle a tax situation, it’s important to have representation.
Tax attorneys have the education, experience, and knowledge necessary to help you understand the laws and regulations that govern the collection of federal income taxes. When considering your options in terms of tax planning or having your tax returns audited, you should always consult a tax attorney to ensure your best interests are protected. With so much at stake, it is important to have legal representation. It’s never too late to protect your financial future.