Saturday, September 21, 2013

Hiring a New York Tax Attorney

There are many reasons to consult a tax attorney, but the main reason is that you do not want to pay more in taxes than you are required.  Tax law is complicated and the Internal Revenue Service will tax advantage of taxpayers who are not represented.
The Internal Revenue Service, or IRS, is the federal agency responsible for the collection of taxes and enforcement of tax laws. They will be the first to contact you if there is a problem with your tax return. The IRS will also contact you if you have been chosen to be audited. Tax attorneys can help you through the audit process, or negotiate a payment of back taxes. Once you have been determined to owe back taxes, fines and penalties will ensue. The IRS can be punitive in their methods and your tax debts will quickly grow. A qualified tax attorney can help settle your case with the IRS, often reducing the fines and penalties.
Because time is of the essence when you are informed of a tax problem, it is imperative that you contact an attorney right away. Not only can fines and interest apply to your debt, your property could be at risk for liens or seizure, or criminal charges could land you in jail. 
Since "taxes" are based on "tax law," a tax attorney is a far better representative than either a CPA or an Enrolled Agent."   And a tax attorney with IRS experience is a better choice than one without IRS experience.
A tax attorney can ensure that your rights are fully protected and that stay well informed of all the options that are available to you. If you are a small business owner, you may want to invest in year-round tax attorney help. Avoiding costly tax errors can save you a lot of unnecessary heartache and potential fines. Even if you employ an accountant, you may want to consider having a tax attorney review your records periodically to ensure you are meeting your obligations. The complexity of the tax system in America means most of us will need some help with our taxes and any follow-up audits or problems. Hiring a tax attorney as soon as you know there is a problem can save you from wasting your time, as well as from fines that can snowball dramatically. The sooner you can get an experienced tax attorney on your side, the better.
A tax attorney is a great ally when up against federal and local tax law. Questions regarding tax law tax can be answered by your tax attorney. Often, if you have a problem with your federal taxes, your state taxes will also be affected. The IRS and your state have constantly changing rules and regulations. A tax attorney stays apprised of these changes and knows how they will apply to you as a taxpayer.
While it may seem expensive to hire a tax attorney, more often than not, you will save money over the long run, either through a reduction of your taxes owed in a back payment situation, or in reducing your tax burden through proper estate planning or business practices. Many people find their tax attorney as essential as their accountant or tax professional.
While it is our civic duty to pay taxes, consultation with a certified tax attorney can help navigate the tax codes to your benefit. You do not need to wait until you have a problem with the IRS to consult a tax attorney. (212) 588-1113

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