Tax attorneys are lawyers who specialize in tax laws. A tax attorney has specialized education and tax law training that distinguishes them from other attorneys. Although tax attorneys can represent clients with various issues, tax attorneys excel in settling tax issues. Tax attorneys who work in private law firms advise their clients on tax planning and management. Additionally, tax attorneys are licensed to represent clients in a tax court or during an audit before the Internal Revenue Service (IRS). While many business owners understand the significance of having a secretary and a bookkeeper available to them, few understand the similarly huge need of having a tax attorney.At Lifeback Tax, our team of tax experts includes staff that are licensed tax attorneys who have the experience and knowledge to properly represent you before the IRS and state.
Benefits of Tax Attorney Services
Tax law is known to be one of the most complicated areas of law. Each country has its own tax structure, often applied at both local and national levels, with complicated laws, regulations, and exemptions. An attorney specializing in tax matters must be numerical, apply complex rules to often more complex situations, and understand various legal ramifications. Tax attorneys typically provide the following services to businesses and individual taxpayers. Those services include, but are not limited to:
Tax Attorney Support for Tax Planning
Tax attorneys can act as financial managers by providing financial guidance to clients regarding issues such as business tax. Your tax attorney will play an advisory role and caution you when you're heading towards financial anguish. Tax attorneys will advise you in each progression and steer you to the correct way when your funds start to wave a warning at the IRS.
Tax Attorney Support for Tax Problems
Tax attorneys can likewise safeguard your privileges when you are facing tax liability. If you are facing serious tax issues, our tax attorneys can help eliminate your problems and demonstrate your innocence to legal tax authorities. Additionally, our tax attorneys can lessen punishments, eliminate tax liens if conceivable, release wage garnishments, and negotiate when necessary with state or IRS authorities.
How Our Tax Attorneys Remediate Your Issues
If you are in the process of choosing a tax lawyer, conduct adequate research to determine if they are actual lawyers who have passed the bar exam and are qualified to help handle your tax matters. You should take precautionary steps to ensure your chosen tax expert is knowledgeable in various aspects of tax laws.
The Lifeback IRS tax attorneys have extensive experience in income tax, state tax, and international tax. Our tax attorneys specialize in providing relief from IRS tax problems and are qualified to represent you before the state or IRS. We can also help you clarify internal tax issues and optimize payroll, corporate tax exemption, as well as other trade tax obligations. If you are facing IRS or state tax problems, don't hesitate! Contact Lifeback Tax today for a free consultation.
Tax Attorney FAQs
A tax attorney typically charges anywhere from $295 per hour up to $390 per hour. However, these rates can vary depending on experience, location, and other contributing factors. Tax attorneys with more experience may cost more than a fledgling tax attorney.
Tax attorneys specialize in representing taxpayers before legal authorities during audits. Although tax attorneys also provide a number of other services, you should look to a tax attorney for matters such as:
• International business tax issues
• Legal representation
• Estate planning
Although there are many tax attorneys to choose from, not every tax attorney is well equipped to handle your case. You should seek a tax attorney with experience and positive feedback. Additionally, you should ask your potential tax attorney questions such as:
• Has the tax attorney had experience in handling an issue similar to yours?
• What are your tax attorney's credentials?
• How long has the tax attorney and their firm been in practice?
Although tax attorneys and Certified Public Accountants (CPAs) are both qualified to help individuals with tax planning, financial consulting, and minimizing tax penalties. However, there is one primary difference between these two types of tax professionals. A tax attorney is better suited to represent you in a tax-related court case while a CPA is likely to provide more assistance in the financial planning side of your business.
There are several situations in which you should hire a tax attorney. For example, if you are being audited by the IRS you likely require a tax attorney's expertise. Tax attorneys can help you communicate with the IRS and negotiate on your behalf. Although it is not required, a tax attorney with experience can provide a great deal of relief. Listed below are a few circumstances in which it will be advantageous for you to hire a tax attorney:
• You owe the IRS over $10,000.
• You are self employed or a small business owner.
• Your financial situation is complicated or atypical.
• An Internal Revenue Officer has been assigned to your case.
In certain cases, you might have no better option than to retain a tax attorney. These circumstances include:
• You owe the IRS over $1,000,000.
• You have unreported foreign bank accounts.
• You have unreported income or other implications of tax fraud.
A tax attorney provides various services to their clients, the most common being that they will serve as your advocate before the IRS. Tax attorneys specialize in a number of services such as federal, state and municipal laws related to tax liability. Additionally, tax attorneys can provide assistance with taxation related to estates, income of any sort, business transactions and more.
A power of attorney (POA) is an authorization for someone other than yourself to act on your behalf. In this specific instance, a POA allows your chosen tax professional to negotiate with the IRS on your behalf. You should take this step-in order to allow your chosen tax professional to resolve your case as quickly as possible. To authorize the power of attorney to someone, you must fill out Form 2428: Power of Attorney and Declaration of Representative
No, your power of attorney agent is NOT responsible for your taxes. Although a power of attorney authorization allows the designated person to make financial decisions on your behalf, they are not in any way personally responsible for your finances.