What does a Tax Attorney do and how can one help me?

Dealing with tax cases becomes easy when you have the backing of a tax attorney. Usually, the tax attorneys charge more compared to tax professionals. The charge they levy might vary from one case to another. Read on to know about the ways you can benefit from the services of a tax attorney:

  •       Tax audit is a common proceeding that brings a large number of people under its umbrella. Understanding the pattern behind why some people have to undergo tax audits can be very difficult. This is where a tax attorney can offer help with their broad subject knowledge and thorough understanding of audits. The attorneys can gauge how deep the Internal Revenue Service is looking into your taxes and let you know whether they are perceiving the situation from a criminal perspective. It becomes easier to gather adequate defense against the audit coupled with such pre-emptive knowledge.
  •       Tax avoidance and tax evasion are real issues that call for legal help. The IRS might levy hefty penalties or criminal charges or let you off with a small fine. Whatever be the case, a tax attorney can help you by gathering adequate evidence to strengthen your case.
  •       Tax attorneys are excellent negotiators to help with your means of settlement and payment plans. The IRS might call for the submission of various documents and the tax attorneys can help with the same. It is essential to send only the proof and documentation requested by the IRS rather than sending unwanted ones. A tax attorney can scan your case and negotiate accordingly to offer maximum protection. If the IRS proceeds with the criminal charges, then your attorney might fight the case in your favor.
  •       Transfer of property is a common tradition in every country. However, certain tax computation needs to be made when the property is transferred. Tax attorneys are aware of all the nitty-gritty of property transfer-related tax. Hiring them can be a great way of alleviating mistakes that might happen otherwise.
  •       Money exchange issues are common while buying and selling businesses. Such types of transactions entail taxation as per the US Tax Code. The seller tries to maximize capital gain whereas the buyer plans on recovering the purchase cost by charging depreciation. Businessmen find it very difficult to keep track of such intricacies despite ample business knowledge. A tax attorney regularly deals with such cases which makes them an expert in this field.
  •       Instances might arise where we owe back taxes to the state or federal government but are unsure of how to proceed with the same. A tax attorney can help you calculate the due amount and also advise regarding the best payment plan, whether on a monthly or yearly basis.

Final Words

Understanding the intricacies of tax can be very difficult for laymen. Apart from being exhaustive, taxation is subject to frequent changes which are why you need the assistance of  Atlanta tax services. They can save your money and also assist in the decision-making process whether you are trying to transfer your property or run a business.