Tax Attorney - Get Tax Help!

Tax Attorney - Get Tax Help From the Best Tax Lawyers
 

Tax Help from the Best Tax Lawyers

A tax attorney can help clients navigate the highly technical and complex statutes that make up tax law. And because of the different levels of tax law, and the wide range of activities that are taxed, a tax attorney has gerat variety in their practices.

Those unfamiliar with tax law frequently confuse the tax attorney field with tax accounting, and assume that all tax lawyers, like CPAs, spend much of their professional life completing tax returns and making tax calculations. As a result, a common misunderstanding is that, in order to be a good tax attorney, you must be good with numbers. This is generally inaccurate and, although some tax attorneys do indeed make out tax returns and engage in tax calculations, this is true only of a small minority of attorneys, and most tax attorneys rely on accountants to perform those functions.

The work of a tax attorney has two major components, namely a tax planning component and a tax litigation component As to the tax planning component, a tax attorney works with clients, or other attorneys, in structuring transactions and other legal actions in a manner that will legitimately minimize the clients tax obligations. As to the tax litigation component, a tax attorney represents his or her clients in dealing with the authorities, such as the IRS, in controversies involving the application of tax laws and regulations to the clients tax returns.

The roles of a tax attorney are not that different from most other lawyers. The big difference, of course, is that the planning or litigation engaged in by a tax attorney involves the application of federal or state tax laws and rules, which are constantly being changed by the legislature. As a result, many tax attorneys state that they enjoy their practice because no two tax problems are hardly ever the same, requiring even an experienced practitioner to hit the books in order to keep on top of his or her field. Although tax law touches on many aspects of human activity, it is a highly intellectual field, and a student planning to be a tax attorney should enjoy learning and working with difficult and complicated rules and applying these rules to an infinite variety of business, financial, and other legal transactions.

No matter what your family situation, your income or your expenditures, you can benefit from having a financial plan and getting tax help. Some individuals need little help in developing and implementing a plan, but with the increasing complexity and number of financial products available to help in reaching financial goals, most families need some sort of professional advice from a tax attorney.


Particular caution is urged when dealing with some local tax attorneys. Because they may lack the motivation of a national tax preparation service to maintain a good reputation, your chances of stumbling onto a dishonest tax attorney may be greater.

When in need of information and advice in areas such as wills, trusts, tax planning, bankruptcy and so on, you will need the services of a good tax attorney. Every individual with dependents or property should have an up-to-date will. In situations where a person dies without a valid will , the state of residence will impose its own laws on the estate and determine guardianship for minor children and how to distribute the property. The job of a tax attorney is to advise you on any problem presented and to try to attain a client's legal objectives through all methods permitted by law.

Here are some of the things you will want to find out when you meet with a tax attorney:

" How many years of professional training have you had?
" What is your educational background?
" What is your area of expertise?
" How do you keep up with current trends as a tax attorney?
" What type of clients do you usually handle and what income bracket are they in?
" How long has your company been in business?
" What other tax attorney professionals do you work with?
" What credentials do you have? Professional memberships?
" How are your tax attorney fees determined and how will I be billed?

One final question that is helpful is to ask "What would you like to know about me?" More than any other, this question will tell you whether this tax attorney is a true pro. If the tax attorney isn't interested enough in you to probe for full answers to these critical questions now, say good-bye. You'll never get the treatment you or your cash deserve from a professional like that.

There are several serious danger signals that can indicate you are working with the tax attorney. Plan to look for another professional if your tax lawyer:

" Does not spend a satisfactory amount of time with you
" Can't or won't give clear explanations
" Says he/she has a "surefire" system
" Displays his/her own wealth or brags about his/her income
" Tells you that you will "miss the boat" if you do not sign up right now


Often individuals and families make the mistake of not consulting a tax attorney and try to get through a tough situation without tax help. They feel they are saving fees, but they may be losing many times what they save, incurring unnecessary costs from such mistakes as drafting an invalid will.

Just as finding a good doctor can take time, locating the right tax attorney to handle your financial affairs often requires effort. This guide is intended to introduce you to the various aspects of tax attorney services available, and the professionals who can provide them.

One way to select the tax attorney that best meets your own needs is to ask relatives, friends or colleagues to recommend someone. On the other hand, don't hire a professional just because he or she happens to be a friend or relative.

Once you've narrowed your list down to three tax lawyers who have clean records and who are backed by financially sound firms, make an appointment to spend an hour with each and interview the person for the position you have to offer: your tax attorney. It's a good idea to interview more than one person to be sure you find the right lawyer for you.

Arm yourself with as much knowledge of the subject as possible before you talk with these tax lawyers. Then, you'll be able to ask more detailed questions and make the most of their advice.

Ask each tax attorney for credentials and references. Pay attention to credentials, but also become aware of what is required to receive credentials. Ask how and how much the tax lawyer will be compensated.

Finally, once you've found a qualified attorney who meets your needs, keep informed and keep an eye on what is happening with your financial affairs. You have much more at stake in the process than anyone else.

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