Attorney or Paralegal?

5 Reasons To Hire A Tax Attorney

When it comes to meeting your taxable obligations, you should be well prepared to do so. The most effective way to get accurate advice in many situations is by hiring a tax attorney to help you do so. Knowing some of the reasons to hire a lawyer who specializes in taxes my help you if you're faced with these situations.

Reason #1: Starting a business

When it comes to opening a new company, there are a number of tax laws that you should know. You will need to structure the business so that it meets all of the legal requirements for the state in which you live, and this expert can help you with this.

Reason #2: Receiving an inheritance

If you had a member of your family recently pass away and you aren't sure of how to handle the estate taxes, you may need a professional opinion. Estates can be complex, and so are the taxes that accompany new ownership of one.

Additionally, you may be advised of ways to decrease the amount of taxes you are liable to pay. Estate taxes can be steep, and your attorney may be aware of things you can do to offset these.

Reason #3: Suing the Internal Revenue Service (IRS)

If you have been legally wronged by the IRS, you may need to take legal action. Perhaps you have been denied a tax refund that you feel you are owed and need an attorney's help in an attempt to recover your payment.

Reason #4: Dealing with international affairs

Knowing the tax laws in other countries can be challenging. If you are involved with any overseas matter, such as buying or selling products, you need to understand fully what these are. It is your responsibility, and you will be held accountable for any transactions you have.

Reason #5: Facing criminal charges for fraud

Lying on your income tax or taking deductions that you don't qualify for can land you in jail. If you are guilty of tax fraud, it is critical to your case to rely on an attorney who is knowledgeable in this area and who can give you the help that you need.

Finally, dealing with issues regarding taxes can be complex and difficult for the novice to understand fully. Be sure to consult with a tax attorney or accountant like James M. Wesolowski, CPA, P.A. when faced with a tax concern or issue that must be addressed quickly.