Why Should You Hire a Tax Attorney?

Is there anything more frustrating or complicated than filing your taxes? To most people, their federal and state income tax return is little more than a number they have to type into a computer or a piece of paper they hand over to their CPA. That is why it is so common for people to misreport their income or investments during the hustle and bustle of tax season. In many cases, the error is caught by your tax advisor or the program being used to file your taxes, but in others, they make it all the way to the IRS without being reported as false data.

This could not only have a negative impact on your tax refund or how much you owe, but it can also get you in a lot of trouble with Uncle Sam. If your tax return is flagged for not matching the income amount reported by your employer or a major difference from previous years, you could be subject to an audit.

What is an Audit?

A tax audit is a review and examination of a taxpayer’s financial records, tax returns, and supporting documentation by the IRS. Audits can be triggered by any number of factors including high income, claiming a lot of tax credits and exemptions, and reporting an annual loss on your business. Audits can also be completely random; a small number of taxpayers are selected every year to undergo a routine audit.

During a tax audit, the IRS will likely ask you for additional information or documentation to support your submitted tax return. This could include receipts, invoices, bank statements, and other financial records. The purpose of the audit is to verify the accuracy of the information reported on the tax return and to ensure that the taxpayer has paid the correct amount of tax owed. If the IRS discovers a misreport that resulted in you paying more money for your taxes than you should have, you might end up with a tax refund check. If, however, you paid less than you owed, you could not only end up owing the IRS a large amount of money, but you can also be subject to any number of penalties and fines, including jail time.

Avoiding this scenario is going to help save you a ton of time, money, and stress in the long run. That’s where tax resolution attorneys come in.

Why is a Tax Attorney Important?

Tax resolution attorneys are lawyers who specialize in tax law. Having someone on your side to help you navigate the ins and outs of tax law can be extremely beneficial if you are being audited, especially if you have never had to deal with something like that before.

Hiring a tax attorney early on in the process is important because they have the knowledge and expertise to assist you in ways that you do not even realize you need. They are there to guide you through every step of the audit process from helping you understand the complex tax laws and regulations that are involved to handling all direct communications with the IRS.

Audits can be stressful and overwhelming but you do not have to go through it alone. Hiring a tax attorney can provide you with the guidance and representation that you deserve. Regardless of whether or not you believe you are in the wrong, never meet with the IRS by yourself. Once you hire an attorney, you probably will never have to talk to an auditor. He will meet with the IRS on your behalf.  Consulting a tax attorney can help you ensure your rights are protected and achieve the best possible outcome for your case.

Benefits of Having a Tax Resolution Attorney On Your Side

While hiring a tax resolution attorney is not required to get you through an audit, many people just like you have made the mistake of going into these proceedings alone and regretted it. Without a lawyer with you to advise you on the best course of action for you, it is easy to find yourself in a bad position with the IRS. It is not uncommon for a simple mistake to result in an audit and cost you thousands in penalties and fees that a tax attorney could have helped you avoid.

Another benefit to having a tax attorney represent you is attorney-client privilege.  Anything you tell him is confidential.

Whatever situation you have found yourself in, there are always several benefits to working with a tax attorney during the audit process.

Legal Expertise

Tax attorneys have specialized knowledge and expertise in tax law, including federal tax codes, regulations, and court decisions. This means they can provide you with accurate information about your tax situation and the potential consequences of different courses of action.

Stand Up For You

Think of your tax resolution attorney as your boxing coach; they are always in your corner and they know all the best techniques to employ to get your opponent off your back. A tax attorney is there to help ensure that your rights are protected during an IRS audit. After all, IRS representatives work for the federal government. Their job is to make sure that the US government is coming out on top. Shouldn’t you have someone on your side doing the same for you?

This includes ensuring that the IRS follows the appropriate procedures, that you are not subject to unreasonable requests, and that you are not coerced into making statements or providing evidence that could be used against you. Just like any lawyer, tax attorneys have spent years studying federal laws, so they know exactly what you are entitled to.

Communication

If you have ever had to call any government office, you know how much of a pain that can be. Communicating with the IRS is no different. From strict protocols to long wait times, handling your audit alone can be time consuming and stressful. A tax attorney will communicate directly with the IRS on your behalf, which can help reduce the anxiety put on you throughout the audit process. Your attorney will negotiate on your behalf to settle your case in the most cost-effective way possible.

Save Money

Speaking of cost-effective, tax attorneys can save you thousands of dollars just by knowing the process inside and out. If you owe back taxes, penalties, or fines, a tax attorney can negotiate with the IRS to reduce or eliminate these charges. This can save you significant amounts of money and reduce the overall impact of the audit on your overall financial situation.

How to Find the Right Tax Attorney

It is important that you choose the right tax attorney for you. Like choosing any other service professional, the best way to ensure that you are getting everything you need out of your lawyer is by doing as much research on potential attorneys as possible. A quick Google search can help reveal many things about a person and their practice.

For example, do they specialize in any specific aspect of tax law? Are they actively licensed to practice law? Do they communicate well with their clients? Asking yourself these questions and more is the most effective way to choose the best attorney for you and your case.

The Law Office of Steven Klitzner Has Your Back!

Having trouble finding the right attorney? Look no further than Steven Klitzner! Steve is a highly trained tax resolution attorney with decades of experience and a proven track record against the sharks at the IRS.

Steve knows how to get you the best deal possible and he is not afraid to go for it. If you have found yourself in a sticky situation with the IRS, do not hesitate to call the Law Office of Steven Klitzner today and find out how he can help you get back on track to IRS compliance.