Regardless of the level of your tax debt, it’s important to hire a highly-skilled Tax Debt Lawyer who can help you fight your case. A tax attorney specializes in the intersection of law and accounting, and some have additional areas of specialization. The right tax attorney can be uniquely qualified to fight your case, because they have likely handled many similar cases before. In addition, a skilled tax attorney may be motivated to help you win by winning past cases. However, a skilled Tax Debt Lawyer may not be free from charges.
The IRS may also levy penalties or interest for failing to pay your taxes. Tax attorneys have an in-depth knowledge of the tax code and can explore Penalty Abatements for you. An attorney can negotiate on your behalf to get your penalties reduced or eliminated altogether. While the IRS may initially ask for financial records, it’s important to remember that the IRS has virtually unlimited legal authority to seize assets and money.
A tax attorney may charge anywhere from $300 to $400 per hour, and the more experienced they are, the higher their rates. In addition to the hourly rate, a tax attorney’s cost will also depend on how complex the case is. As a result, the cost of hiring a Tax Attorney will eventually add up, so make sure you’re prepared to pay for any additional work they do. So, what should you expect to pay for an attorney’s services?
When hiring a Tax Attorney, make sure to check their credentials. Not all tax attorneys are the same, so check their experience, credentials, and accreditation before making your final decision. Hiring a lawyer who’s experienced and knowledgeable in tax law is important, and hiring a Tax Attorney who’s experienced in your area will make the process go more smoothly. You should also ask the tax attorney about their fees so you know how much to expect.
A skilled Tax Debt Lawyer can protect you from abuse. While most IRS agents are courteous and helpful, some are less than friendly. Your Tax Attorney can act as an intermediary and handle communications with the IRS. You can pass on the tedious case work to your Tax Attorney, and they’ll make sure you provide the IRS with all the documentation they need. It’s easy to make a mistake and end up losing money and your freedom.
Hiring a Tax Attorney is crucial if you disagree with the IRS’s judgment call. In some cases, filing your tax return late will result in hefty penalties and interest charges. Your Tax Attorney can build a solid case and fight your appeal. Even if your case doesn’t win at trial, you’ll still have a chance to settle your debt with the IRS. Whether you need a tax attorney for a small or large business, they’ll have the knowledge and experience necessary to fight for your rights.