when to hire a tax attorney

When to Hire a Tax Attorney

Most tax payers need to hire a tax attorney to resolve a tax nightmare every once in a while due to some issues that may start as minor but usually escalates to a financial crisis.

Often times your taxes can get mixed up especially if you file them yourself without the help of an accountant or tax agent. When your taxes get complicated is when you need to hire a tax attorney who is an expert and is well versed with the operations of this tax body.

You want to hire a tax attorney who will negotiate skillfully for you to remove your name from the IRS blacklist. This lawyer should be able to resolve your tax problems and clear any tax related controversies attached to your name, assets, business or estate. You want a lawyer who will fight for you in and out the court.

For instance the IRS can decide to audit your business which can be done on paper or in person which brings its examiners to your doorstep. Should there be any discrepancies found with your books that are hard to explain, you want your lawyer present to help you through it.

Representing yourself in an audit can be risky because the examiners will want to push you around and see if you will balk under their pressure. An IRS tax attorney will act as a buffer that will spare you an ordeal that can be tough and damaging to your reputation.

A good tax attorney will negotiate on your behalf to the IRS for a settlement that is favorable to you. This especially occurs in cases where the taxpayer has recently experienced a change in their economic status leaving them with no source of income that is the cause of the pile up of the tax debt.

Most people who face such a challenge include:

  • Military personnel back home from serving abroad.
  • People with disabilities.
  • Divorcees
  • People who have filed for bankruptcy.
  • Death of a spouse.
  • People who are unemployed.

The government tax body then settles on a compromise with your lawyer advising you to solemnly pay up without defaulting. Defaulting on this offer results in severe repercussions namely paying the old taxes plus any penalties and interests accrued taking you back to where you started. To ensure this doesn’t happen, you should sit down with your tax lawyer and come up with a payment plan that works for you. It is his work then to present this to the IRS and convince them that it is the right way to go for both parties involved. Hiring a good IRS tax attoreny is therefore your key to financial freedom.