Dealing With Tax Problems: Easy as Pie
Tax Problems haunt almost all adult Americans who earn money. Once the IRS is at your heels, you\’re most likely to suffer from a lot of sleepless nights. Actually, the IRS doesn\’t have to audit your expenses and your bank account for you to experience Tax Problems. You can also experience problems with your taxes when you don\’t know how to compute your tax obligations. This happens when you\’re receiving your income from different sources, or when you handle your own business and you find the process of business tax much too complicated.
Get legal counsel
There is, of course, a solution to both of these problems. Whether your Tax Problems involve an audit, or it\’s something milder like your inability to handle filing your own taxes, you can always get legal counsel and let a tax lawyer you can trust fix your tax woes. Of course, this doesn\’t mean you\’ll be saving a lot of money. You\’ll still have to face your tax obligations, and even pay the lawyer\’s fees. However, what you\’ll be saving yourself from is the stress of being audited.
During an audit, it\’s really not advisable for you to try to represent yourself. The IRS is a well meaning agency, and it only wants to ensure that all tax payers meet their obligations because it would be unfair for those who try their best to pay their taxes if you got away with not paying yours. However, the auditing process itself can be pretty daunting to the alleged tax evader. If you\’re proven guilty, you may be asked to pay up to 100% of the taxes you\’ve failed to pay in the past. That\’s a huge sum which can drive you to bankruptcy.
The role of the tax lawyer is to act as an effective and rational middleman between you and the IRS. By middleman, though, this means that he\’s on your side but he\’s not emotionally charged up so he just presents the information in the order that makes you look guilty of tax evasion, so that the penalties are minimized. In very rare cases (as what happens when the alleged tax evader had reasonable cause for missing a payment), the penalties may even be wavered. You may just need to pay the taxes you\’ve failed to pay before.
It\’s still ideal for you to get legal counsel during regular IRS collections. Those who only get lawyers during serious Tax Problems are stretching their lucks too thin. After all, why should you wait for an IRS problem to happen before hiring a professional who knows everything there is to know about taxes? Take the preventive approach and avoid problems with the IRS altogether by letting professionals do your taxes.
Who does your taxes?
Do you have a tax lawyer, yet? If you don\’t then you should ask for referrals from a friend. Ideally, this should be a friend with similar, if not the same, tax liabilities that you have. Ask for the potential lawyer\’s specialization and research on how he has dealt with these Tax Problems in the past.
Of course, this lawyer needs to be someone whose service rates you can afford, too. Try to look for a tax lawyer you can get along well because you\’ll be working very closely with this person. You need to know that you can trust him with your life because as your tax lawyer, he will get to know all the ins and outs of your lifestyle. Look for someone with good work ethics because that goes a long way in any client-lawyer relationship.
Author Bio: Seomul Evans is SEO Services consultant specializing in Attorney Marketing. Visit the sites to learn more about Tax Attorney Dallas and Dallas Income Tax Attorney .
Category: Legal
Keywords: Law, legal, IRS, Tax, Business, Lawyers, Attorneys, DFW