10 things to Know About Tax Attorneys
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Tax attorneys can help you with one of the most important aspects of your financial life- filing your taxes. Taxes can be a large expense, and non-payment can lead to serious legal problems.
dc tax attorneys Tax attorneys are specialists within their field: The tax law system in the US is very complex and the tax code is a long and difficult document to understand. Tax lawyers spend their lives working within this code and have developed the ability to comprehend the nuances and legal language contained within it. Tax attorneys work within the federal court system- Disputes within the federal tax system can only be handled in federal court. Different rules apply in federal courts, and attorneys must be specifically certified to practice within the federal system through a recommendation by a lawyer in good standing. Tax attorneys can help you understand different business structures- If you are interested in forming a business, you can structure it in several ways- as a sole proprietorship, as a partnership, as an LLC, as an S-corp or as a C-corp. Each of these different business structures has different tax implications, and a tax attorney can help you decide which will be most advantageous in your situation. Tax attorneys can help you do business internationally- If you are importing or exporting goods to a foreign country or you hire foreign employees, special rules apply. A tax attorney can help you navigate through these rules to make sure you don't overpay or underpay taxes. Tax attorneys can help you file tax returns- Tax returns must be filed annually by every business and individual. A tax attorney can help you to file tax returns so that you comply with all IRS rules and aren't faced with any back penalties. Tax attorneys can help you identify legal tax deductions- Tax deductions allow you to reduce your income tax liability and minimize the amount you pay. The deductions must be legal though, or you can be subject to fines and penalties. A tax attorney can help you maximize your legal deductions to save the most you can on taxes. Tax attorneys can help you if you are audited- If you are audited, then the IRS looks further into your tax return to ensure you did everything by the book. A tax attorney can help you go through an audit and can help you ensure you don't get into legal trouble for tax evasion as a result of the audit. Tax attorneys can help you if you want to sue the IRS- If you believe you were taxed unfairly and you wish to sue the IRS, a tax attorney is an essential person to help. Tax attorneys can help you if you want your case reviewed in tax court- Likewise, if you believe that your audit was unfair or that your taxes were assessed too high, you can have your case reviewed by the tax court. You will need an experienced tax attorney to represent you and help you make your case. A tax attorney can help you if you are accused of tax fraud- Tax fraud is a charge that states that you intentionally lied on your taxes or withheld or hid income. A tax attorney can help if you are accused of this crime, which carries potentially serious penalties including fines and jail time. dc tax attorney |
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