A tax attorney is an attorney who focuses on the legal field referred to as taxation. They advise clients on the preparation of their yearly tax returns and assist them in interpreting the tax forms received from the government. Tax attorneys can be used by individuals, businesses, governments, and other industries. Whatever the need for such a professional, there are several different types of taxation he or she can assist with.
The tax code can be confusing at times. This is where a tax attorney can come in handy. They have the knowledge and expertise to help you navigate through these complex waters and understand how the tax code works. Some people do not have any understanding of these laws and it can cause problems when they try to take advantage of the various tax laws and provisions. If you have questions about the tax code and would like to understand it better a tax attorney can provide this service. They are the professionals that are able to answer any question you may have regarding taxes.
Tax audits are also another reason why it is necessary to hire a professional tax attorney. These audits are conducted by the Internal Revenue Service (IRS) to determine your liability and determine what amount you owe to the government. If you are unable to pay these back taxes the government will have its way. If you want to avoid these complications, you should hire a competent professional who can protect your assets from these audits.
Tax evasion is another area that is handled well by a tax attorney. Some people take advantage of loopholes in the tax code to minimize their taxes or even take advantages of tax laws to make money. By hiring a tax attorney they can guide you on how to handle your taxes and any legal matters that may arise as a result. The lawyer will also be able to assist you if you become the victim of any criminal tax crimes such as fraud, identity theft, fraud with the tax agency, or money laundering. They can advise you on how to deal with the criminal repercussions that you may face as a result of these matters.
When taxpayers have questions concerning the actual taxation issues with which they are charged the most problems occur during the annual income tax return preparation. This is when taxpayers try to understand how deductions are calculated and which are not applicable to them. A qualified tax attorney can help the taxpayer understand that deductions are applicable to them and how to maximize their deductions. He or she can also represent the taxpayers at the tax court. There are many different types of cases that tax attorneys handle including bankruptcies, estate and trust settlements, foreclosure, child support, IRS recovery, tax liens, IRS civil money penalties, tax relief, tax refund issues, tax relief for children, tax filing problems and so much more.
A tax attorney might need to represent a client in a matter where they are facing tax penalty charges because the IRS has simply audited their personal taxes. The audit might be for unpaid taxes, or it might be because the IRS thinks the taxpayer made fraudulent claims for deductions or credits. In these cases the tax lawyer might need to file a motion to dismiss with the court claiming the tax liability was not valid. Many taxpayers run into problems at the hands of the IRS at some point. It pays to be prepared because you never know when the IRS will show up.