When Do You Need A Tax Attorney?

Did you know that the chances of getting an IRS audit are around 0.6%? If you are currently dealing with taxes and wondering whether or not you need a tax attorney, you are in the right place. We have put together this short guide to share when you need to find a tax attorney. 

Keep reading to learn more and figure out if you need an IRS tax attorney. 

1. Starting a Business

If you are in the process of setting up a new business then it is a good idea to talk to a tax attorney because they can advise you on the best way to structure your firm. They will identify the options you have available and weigh in the tax benefits and the drawbacks of each option. 

For example, a reputable company such as Silver Tax Group will go over whether an LLC, C-corp, or S-corp is best and why. 

2. You Owe the IRS

If you owe the IRS a lot of money then it is wise to contact a tax attorney because the more money you owe the more complicated your situation is. An experienced attorney will be able to reach an agreement that will make paying the IRS back easier and more manageable. 

A tax attorney can even negotiate a compromise with the IRS and this will reduce the amount of taxes you pay back along with possibly removing the penalties and lowering the interest. 

3. Audits

An audit can be a time-consuming and confusing process if you have never gone through one before. A lawyer can help you navigate the audit journey and they can also make sure that you avoid any errors in the future. 

A tax attorney can also contest the results if you want to protect your rights and your interest via an audit appeals process. 

4. Leaving Money Behind

If you are planning on leaving money behind for your loved ones then you definitely want to talk to a tax attorney. For example, in the event that you are leaving a million-dollar estate behind, the government will charge a large amount in taxes to your loved ones before handing it over to them. 

A lawyer will be able to minimize this tax burden to ensure that your heirs take the smallest hit possible when it comes to taxes. 

5. Legal Issues

If you are facing any tax-related legal issues, you want to have a tax attorney representing your case. An attorney with experience will help you resolve any issues you might have with the IRS if you end up having to go to trial.

Not having an attorney on your side can lead to you having to deal with never-ending investigations in the future. 

Do You Need A Tax Attorney?

We hope that now that you learned the top reasons why you might need a tax attorney, you can make an informed decision on whether or not you need one. 

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