Tax Law

Why Is It Important to Hire Tax Attorney Services?

If you have been charged with a tax evasion case, it is important that you seek the services of a competent tax attorney to represent you in court. Tax evasion is a serious crime that can land an individual in jail for many years. Tax evasion cases can also result in substantial fines or other penalty charges. Hiring a competent tax lawyer will help you to minimize the risks involved in your case while protecting your rights. To help you in your tax case, visit www.coloradotaxattorneys.net/grand-junction-co/.

 

 

Tax attorneys are trained and experienced professionals who can represent you in situations where you have been accused of tax evasion. Tax attorneys are well-versed in tax laws of all levels, and are knowledgeable about the tax laws of all states. Tax attorneys are also skilled tax accountants with a Master’s degree specializing in taxation. Tax accountants are the individuals most qualified to conduct thorough financial investigations and prepare federal and state tax returns.

 

Tax attorney services can include a wide range of tasks, including preparing your tax return, defending you against prosecution, analyzing the implications of facing criminal prosecution and assisting you in negotiating with the IRS. Tax attorneys may also work as tax accountants, filing agents, IRS auditors, tax resolution planners, or forensic accountants. Tax attorneys will work with their clients on issues ranging from wage garnishment to property levies, bankruptcy, civil liability, and income tax relief. Tax law is the most complex area of law in the United States. For this reason, many people do not hire a tax attorney until they have received a Notice of Intent to levy.

 

A tax attorney is different from a tax accountant in a few ways. Tax accountants have degrees in accounting and typically have more years of experience whereas tax attorneys have only a high school education. Certified public accountants (CPA) must take an exam in order to be certified to practice. Although CPA’s will receive lower wages than tax attorneys, CPA’s are very knowledgeable about tax laws. They know when an accountant is making an error in the preparation of a tax return and are capable of pointing out these errors.

 

It is important that all tax matters are handled by a professional. A tax lawyer is not only knowledgeable about the tax laws, but is also trained in business law, management law, estate planning, banking, and payroll. They can assist business owners and individuals with all aspects of running a successful business. Tax professionals are necessary when businesses are seeking financing, when expensing business assets, when changing their corporate structure, when applying for S corporation, partnership, or individual status, and when filing a tax return. When individuals are faced with criminal prosecution for tax evasion or fraud, a tax professional can help their case by providing essential information regarding IRS collection options and laws. Tax attorneys represent their clients in tax court and in other administrative proceedings.

 

It is important that individuals learn how to obtain the best professional tax services. When considering a new business or expanding an existing business, it is important to retain the services of a professional who is skilled in tax matters and knowledgeable in business law. The services of a CPA can assist with many tax related decisions and provide a number of valuable services. Individuals may want to consider a professional tax service in the future as they expand their business or when they are considering possible legal representation in the future.