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Reasons Why You Should Hire a Tax Attorney Know that taxes are not voluntary and that the law in any state stipulates that each entity that operates, whether a business or individual, is required by law to file their tax returns. Businessowners know that they must pay tax duties to the IRS at regular periods, and when this period happens, it is better for these operations to get the services of a tax attorney and an accountant to help them settle their obligations to the IRS. There are many accountants available who can assist you in your financial concerns related to IRS taxation issues, but their familiarity with the taxation laws may not be sufficient and so you may need a lawyer to give you a reliable combination of information and services. There are two categories that a tax attorney can help you. Tax planning is the first category that a tax attorney can help you with their expertise of duty laws, and will help you prevent difficulties in your future taxation. The tax attorney will be your consultant and will advise you to a compliant financial path with regards to the revenue laws. Tax disputes is another category of the services of a tax lawyer, and this means the professional is your representative in protecting your interests and safeguards your rights should you face some tax controversies. For those facing current issues with the IRS, the tax attorney can help in resolving their ongoing issues. A tax attorney can relieve your debt by negotiating to remove some liens and levies, and arbitrate and reduce your penalties or interests. Tax lawyers will handle all your negotiations with the government. With focused training on domestic and international taxation, these IRS tax lawyers are accredited attorneys. Because of the tax lawyer’s in-depth knowledge of taxation laws and expertise in the understanding and application of tax laws, there is a possibility to find debt relief by reducing the amount you owed to the Internal Revenue. They can also help you set up a payment plan to reduce your debt obligations.
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Other services of your tax attorney would be on other tax related problems like when you are deficient on your taxes, an audit issue, property seizures and levies, wage garnishments and bankruptcy proceedings.
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You can avoid tax related problems by hiring a tax attorney on a monthly retainer basis. Having both your accountant and the tax attorney as your advisor, you can be ensured that your business is compliant. There are many reasons why you need to hire a tax lawyer and the most important reason is because of the difficulty in dealing and complying with the IRS.