Let Your Tax Attorney Answer IRS Questions
The beginning thought of T.S Eliot’s masterwork “The Wasteland” states that “April is the cruelest month,” and while his poem deals with themes far more universal than tax time in the US, millions of American taxpayers can only nod their heads in agreement at its opening words. But those taxpayers for whom April has added insult to injury in the form of an IRS or state tax board dispute, a tax attorney can be a longed-for ally.
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Written by a former IRS attorney, Tax This! gives you an edge in dealing with the IRS by showing you how to level the playing field and win at the tax game. |
Tax This! An Insider's Guide To Standing Up To The IRSHaving to come face-to-face with any tax authority, be it the IRS or at the state level, can be very intimidating for most average taxpayers. And taxpayers who try to deal with tax authorities on their won may find themselves completely immersed in legal speak which they do not understand, and agreeing to things contrary to their own best interests.
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Your accountant depends on you to provide the details on all your income and expense transactions so they can apply the most advantageous tax strategies. Documentation is the key to sustaining all tax positions. Without documentation it is easy for the IRS to call foul and deny your tax position. Or even worse penalize you with back taxes and interest.
By hiring a tax attorney, you as a beleaguered taxpayer can have someone speaking the same language as the authorities and interpreting what they are saying in easy-to-comprehend terms. A tax attorney will also be able to help you dial down the stress level a few notches by letting you know when the taxmen are bluffing you.
When To Call A Tax Attorney
If for some reason you find yourself in the position of being in debt to the Internal Revenue Service, and thousands upon thousands of taxpayers are, you should not waste another minute before contacting a tax attorney. A lawyer trained specifically in tax law, a tax attorney can find you the quickest and least expensive way out of your predicament.
Giant business entities have stables of tax attorneys on retainer simply to keep them from running afoul of the IRS Tax Code. A tax attorney can address your tax issues regardless of their nature, from the failure to file, to audits, to property seizures and liens, to wage garnishment.
Is It Really Worth it?
While the cost of hiring a tax attorney may at first seem prohibitive, you will save far mire in the long run than if you let the IT run roughshod over your bank account. The IRS is interested in only one thing: getting what you legitimately owe and whatever penalties they can tack on to it. A tax attorney will negotiate the best possible terms for you and that can mean a significant reduction in penalties.
If you have the IRS coming after you, hiring a tax attorney is the best way of protecting your interests. All the effort you have put into building a life for you and your loved ones can be wiped out with a single IRS decision, and you need someone who talks the IRS’ language to speak for you. Your accountant, if you have one, may be able to recommend a good tax attorney; otherwise, you can contact the American Bar Association. If you are lucky enough to find a tax attorney who is also a CPA, you’ll improve your odds of a fair outcome even more.
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