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The Advantages of Hiring a Tax Attorney It is a fact that the law in any country states that each business or individual that operates is to file their tax returns, making taxes involuntary. There are periodic duties that businesses have to pay to the IRS, and in this case, from the accounting point of view, it is advisable to for taxpayers to use the services of tax attorneys and accountants to be ready with the demanding issues of the IRS. It is advisable to get both an accountant to help you with the computation of your tax duties and to get the services of a tax attorney to guide you in the tax laws, and make this combination of services a sure compliance of your tax duties to the IRS. The services that a tax attorney can provide you falls into two categories. The first category is tax planning which refers to the financial planning that will help you avoid future taxation concerns, and this a tax attorney can do because of the professional’s knowledge of duty laws. Your tax attorney will act as your consultant, advising you on the road of financial compliance with the revenue laws. The second category on how a tax attorney can help you is called tax disputes, wherein the lawyer will safeguard your rights and will represent your interests if you happen to be in a tax controversy. In the case that you are already facing issues with the IRS, the tax lawyer can help you resolve you ongoing concerns. There is a possibility that your tax attorney will negotiate debt relief and this the professional can do by removing liens and levies, arbitrate and reduce penalties or interests. On your behalf, the tax attorney will handle all your negotiations with the IRS. Being accredited lawyers, these IRS tax attorneys have been trained to focus taxation in the domestic and international sides. Tax attorneys have the in-depth knowledge of taxation laws and have the expertise to understand and apply tax laws, and for these, they can help you find some debt relief that will reduce the amount you owed to the Internal Revenue. Payment plans that can minimize your debt obligations can also be set up and helped by your tax lawyer.
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Your tax attorney can further offer services on other tax related problems like deficiency on your taxes, audit issues, 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. By working together with your accountant, your tax lawyer will ensure that you are compliant with your company’s or personal affairs. There are several reasons why an individual or a company should hire a tax attorney, and the basic and most obvious one is having difficulty in dealing with the IRS.