Can A Tax Attorney Really Help

Figuring out this year s tax filing is all well and good.

Can a tax attorney really help. A tax attorney can do far more for you than help file your income taxes. To make this determination the irs looks at your income and assets to determine your reasonable collection potential you must provide detailed information about your financial situation on irs form 433 a collection information statement. A tax lawyer can help in getting the irs to accept an offer in compromise. An attorney can better negotiate with the irs and help them fully understand your financial situation framing it in the way that the irs needs to hear for offer acceptance.

Tax attorneys can handle things that accountants can t although you don t have to be in the fight of your life before an attorney s services rather than an accountant s can come in handy. A tax attorney has a thorough understanding of all of the deductions that can apply in your case. If you owe more than 10 000 consider hiring a tax attorney to negotiate with the irs. A pitchman says that you can settle your tax bill for pennies on the dollar all you have to do is hire the law firm in the commercial and they will use their special negotiating skills and inside knowledge to get you off the hook with the irs.

Advise you on how to lower your taxes in the future. A tax attorney can offer you guidance that helps you save thousands of dollars in the filing of your taxes. Tax settlement firm price tag. Tax attorneys specialize in tax law having spent three years in law school and years of practice understanding the intricacies of the case law and legal precedents.

Payment plans differ and an experienced attorney can help you get better terms. A tax attorney is familiar with the approaches that work best for solving your dilemmas have advanced negotiating skills and are unlikely to be intimidated by irs officials. It implies that you re not just wrangling with numbers you re fighting the law. Of course buying or selling a business also comes with tax consequences that a tax lawyer can help you understand.

While most negotiations with the irs over your tax debt can be handled by the average american taxpayer there are some instances where an attorney is both necessary and beneficial. Accountants and tax attorneys can both help in your hour of need but the term attorney has a more ominous ring. The majority of tax settlement companies charge their clients an initial fee that can easily run anywhere between 3 000 to 6 000 depending on the size of the tax. A tax attorney can help analyze your financial situation and determine the best type of payment plan to use determine the monthly amount to be paid and handle all related filings to get it properly setup.