Tax Resolution Attorney: Why Hire One?

Tax AttorneyOregon’s best tax Attorneys already know exactly what is needed of your company from a legal perspective, and how to maintain proper records. They also know how to manage payroll, taxable income, and state vs. federal tax liabilities. All of this they are already very familiar with, but there are certain situations where an outside tax attorney can be extremely beneficial.

Let’s take a closer look at the above statement, and examine some common situations in which you might want the help of a tax resolution or tax lawyer. For example, let’s say that you accidentally overstate your company’s income in one of your tax returns. This may not be very serious, or it might be reported as such, but if it ends up being used against you in a court of law, it can mean big trouble. If this happens, you would need the services of a tax attorney to protect your assets. The tax lawyer would be able to negotiate on your behalf with the IRS in order to have the penalties and interest charged to the IRS reduced. In many cases, the IRS will agree to reduce these penalties, or will agree not to go after the overage, all because they will receive payment from the tax payer.

Another scenario where you may want the help of a tax attorney in Indianapolis is when you become the target of an Internal Revenue Service investigation. When you become the subject of an investigation, it is important that you retain an attorney, especially if you want to avoid a criminal investigation and possible jail time. In fact, there are some states where the tax resolution and tax liability laws are so complex that they automatically require an attorney’s involvement. This is because state revenue laws can potentially be complicated for lay people. There is no clearer illustration of the complexity of state revenue laws than the current situation with IRS. Hence, it is advisable to retain a tax resolution attorney, because such lawyers are often specially trained in handling situations similar to yours. Click here to contact an Indianapolis tax lawyer.

Moreover, a tax debt attorney has the right to demand full compensation for their services. The majority of attorneys work on a contingency fee basis, which means that they only charge you if they win your case and get your tax liabilities reduced. Of course, this does depend on your circumstances. If you have a large case, you may not be required to pay any fees at all. If, however, you simply want the IRS to return the money that they owe, then you may have to pay a percentage of your winnings to the tax resolution attorney.

A tax resolution attorney also has access to important inside information that tax filers generally do not. He or she can obtain information that the IRS has regarding past tax filings, which could include: the kind of tax credits that were paid, the amount that was paid, whether any taxes were improperly claimed, etc. Such information can ultimately prove invaluable to you as you negotiate with the IRS. As such, you should make sure that you choose a tax resolution attorney who is well versed in using pertinent inside information to your advantage.

Tax resolution attorneys are often quite affordable, as most law firms will usually only charge you for the hours that you spend working with them. It is in your best interest, therefore, to make sure that you hire an attorney that is highly qualified and trusted in the field of taxation. To do so, you should seek recommendations from people you know and trust. Asking your local bar association will also give you a good idea of the quality of attorneys in your area. Make sure that you take the time to carefully evaluate the people who will be representing you, and you can be sure to find a tax resolution attorney to meet your needs and fit within your budget.