Do I Need A Tax Attorney Or An Accountant – Tax attorneys deal with a variety of tax-related issues, including estate planning, domestic and foreign business, the IRS, and more. Tax attorneys can also assist you with litigation and settlement negotiations.
Attorneys take different billing methods, but most tax attorneys charge an hourly rate with a retainer. A retainer is a lump sum paid in advance by the customer. It can be used to ensure future availability from a lawyer, or as a flat fee deducted from the hourly rate. A retainer may not be returned so make sure you are happy with your lawyer before entering into this relationship. Discuss costs with your attorney in advance so you know what to expect.
Do I Need A Tax Attorney Or An Accountant
Tax attorneys are there to guide you through tax problems. Expect professional expertise in the areas of finance, property planning, real estate management and more.
When Do You Need A Tax Attorney?
This article contains legal information and does not constitute legal advice. Rocket Lawyer is not a law firm or a replacement for an attorney or law firm. The law is complex and changes often. For legal advice, please consult an attorney.
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As the new year begins and we get closer to the April 15 deadline, tax season is in full swing. Ideally, taxes should be a simple matter of filing a return and paying what you owe. Of course, it is often not easy. If you have a complicated tax situation, own a business, have an estate, or any other unusual tax situation you may want to call for help. If the IRS audits you, you may need an attorney. And if you owe taxes or have other tax-related problems you may need an attorney who specializes in tax law.
A tax attorney is a lawyer who specializes in complex tax laws. A skilled tax attorney should be well versed in federal and state tax law. Like any lawyer, a tax attorney must have a law degree, called a Juris Doctor or JD, and be a member of the state bar association where they practice. Additionally, many tax attorneys with advanced degrees specialize in tax law. A Masters of Laws (LL.M.) degree in taxation is a good sign that you are dealing with a professional tax attorney.
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A tax attorney is not the same as a CPA. A CPA, Certified Public Accountant, is not registered to practice law. The main purpose of a CPA is to help you manage your accounting and, within the context of taxes, file your taxes correctly. There are other subspecialties within accounting, but generally a CPA is there to advise and keep you out of trouble.
A tax attorney is not in the business of checking your accounting. Instead, a tax attorney helps you work with the tax code to prevent or resolve issues that affect your involvement with the tax system. A tax attorney is the first place to go if you have a problem with the IRS or local tax authorities. However, that is not the only reason to go to a tax attorney.
Tax attorneys are experts in tax law, and can help you solve complex issues you may have with the tax code. If you have any type of situation where the tax laws may affect you in a different way than filing an annual tax return, you may have reason to seek a tax attorney.
If you are setting up a business, a tax attorney can help you set up your business in a way that is most beneficial to your tax filing needs. Whether you set up your business as a corporation, an LLC, or even a sole proprietorship, the way you structure your business has tax implications. A tax attorney can go over your business and help you determine the best tax structure for your unique situation.
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If you work internationally, a tax attorney can help you navigate the applicable laws. There are direct tax laws that deal with income generated abroad. A tax attorney can also advise on setting up international agreements and other issues arising from doing business around the world.
Property tax law is another important area for some tax lawyers. If your property is worth more than a certain amount (as of 2017 it is more than $5.49 million for a single person, or $10.98 million if you are married), if you die your heirs will have to pay tax on any amount above the threshold. If you anticipate having a tax lien on your estate when you die, you may want to contact a tax attorney. A tax attorney can help you plan your estate so that it doesn’t hit the threshold, or the least amount of tax is charged to your heirs.
There are tax attorneys who are CPAs as well. These professionals can work double duty. Although they will not be involved in tax preparation as a CPA would be on a regular basis, their accounting knowledge can enhance their legal skills. If you are faced with a tax situation involving tax laws and complex accounting situations, you will be best served by a tax attorney who is also a CPA.
One such attorney is Jeffrey S. Gartzman of The Gartzman Law Firm. Jeffrey Gartzman is an experienced tax attorney and CPA. He has been helping clients with complex tax matters for 30 years, since 1988. Dale trusts the Gartzman Law Firm and can confirm that their rates are very competitive based on their experience, reputation, and expertise. The firm offers a no-cost initial phone consultation. Or, if you want to come into the office, they offer a 60% discount on your first one-hour consultation. If you need a tax attorney, there’s no reason not to call The Gartzman Law Firm.
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In short, a tax attorney can save you a lot of time, money, and potentially ruin your life. The IRS has little to do with people or businesses it believes have violated the law. If you owe taxes or engage in some form of tax fraud or evasion, such as knowingly withholding money or money you don’t owe, the IRS will come after you.
One of the first things the IRS will do is file a tax lien on you, which is a legal statement for all of your property and income. This happens automatically if you don’t pay your tax in full within 10 days of the tax assessment. They may also file a Notice of Federal Tax Lien in the public record. This notifies your creditors that the IRS has seized all of your assets and will affect your credit. It can also affect your business. If you have any type of certificate, you cannot renew that certificate with the tax rate on you. If you have a career built on your reputation, sales tax can be a serious blow to that reputation. A tax credit can only be discharged when the taxes are paid in full along with all penalties, interest, and fees.
If your taxes are not paid, the IRS can act on the lien to seize your property and money. They can take your car, your house, and your belongings. They can garnish your prize. They can even close your business and sell the pieces. Anything seized by the IRS will be sold to help pay what you owe them.
A tax attorney will represent you in all your dealings with the IRS. This includes interviews, negotiations, and any agreements made to pay your taxes in installments or other agreements. If you are working with the IRS in any way to resolve a tax debt, you should have a tax attorney help you and represent you. The time and money spent working with a tax attorney can save you a lot of time, money, and trouble caused by a bad conflict with the IRS.
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If you need the services of a tax attorney to resolve issues with unpaid or excessive taxes, finding the right tax attorney can mean the difference between a good settlement and a ruined life. So why gamble with your future? is proud to recommend the services of The Gartzman Law Firm. With 30 years of experience and proven success, you know you are getting the best help available to solve your tax issues. it also considers customer service or
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