Getting entangled in a tax-related legal drama is the last thing you’d want to experience. It’s an overwhelming, often complicated situation that calls for outside help. In this case, a highly reliable Tax attorney (or even an international tax attorney) is the person you’d need to stand by your side.
The Role of Tax Attorneys
Not to be mistaken with accountants, tax attorneys are legal experts specializing in tax law and legislation. They can be found in several workplaces that range from government offices and non-profit organizations to private businesses and law firms.
The primary tasks of a tax attorney include but not limited to:
Representing their clients in court
Communicating with the Internal Revenue Service (IRS) and other related government agencies
Handling and submitting various tax-related paperwork
Recommending clients how to make transactions that can help minimize heir tax obligations
Researching and relaying tax laws and regulations needed in specific situations
Nowadays, the role of an international tax attorney is also becoming more important as the field of international taxation develops. This kind of tax attorneys deal with cross-border financial problems, international corporate restructuring, and counseling on per-country tax codes and treaties.
Situations that Call for a Tax Lawyer’s Help
Here are some of the most common situations that prompt people to hire a tax attorney:
You are being audited by the IRS. When you negotiate a settlement with the IRS, you certainly need legal representation. In this case, a tax attorney can help you pay off your debts for less — and this can be done by penalty abatement or by having an installation agreement. The kind of lawyer that you need is someone knowledgeable of how to help you show you are currently financially incapable to settle your debts.
You are to appeal for the notice of deficiency you have received. Receiving such a notice can be scary and stressful. If you are worried about how to handle a situation like this, it’s best to consult with a tax lawyer. He or she can inform you about what the situation entails and what is the appropriate resolution for it.
You are facing tax-related criminal charges. If the IRS is pursuing charges against you, waste no time and hire a reliable tax lawyer to help defend you in court. This serious matter is often rooted in tax evasion or tax fraud. By hiring a legal expert, you can find ways on how to minimize your possible penalties.
You are starting a business. When you decide to start a business (or buy or sell one), you will be doing a lot of complex tax planning. A legal counsel is capable of helping you craft a structure and tax treatment that will be advantageous for your business. If what you’re dealing with is an international business, you will need help from an international tax attorney.
You are leaving money and properties to your heirs. The inevitable truth is everyone is bound to face death. By hiring a tax lawyer, you can help minimize your inheritors’ tax obligations.
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