If you owe more than you can afford to pay, it may be time to consider hiring a tax attorney. A tax attorney can help you negotiate a repayment plan and get a lower monthly payment. Some taxpayers worry they will never pay off their tax debt, but a tax attorney can help you determine whether your tax debt can be settled for less. The IRS is one of the most difficult creditors to deal with, and they can pursue extreme collections measures to recover their money.
While local tax attorneys charge by the hour, national tax attorney firms set a price per case, regardless of complexity. A good tax attorney can offer solutions that other professionals cannot. They are constantly learning and updating their knowledge of the law and the methods of tax resolution. Tax attorneys should not use high-pressure sales tactics, or ask for credit card numbers over the phone. They should also be knowledgeable in state and federal tax laws and know how to tailor solutions to fit each client’s situation.
The IRS also imposes penalties for late filing and payment. A tax attorney can remove penalties from your tax debt if you can prove that you were unable to pay your taxes. Some of these reasons include death of a family member, illness, natural disaster, or poor advice from your tax advisor. A tax attorney can also work to negotiate a lower penalty if your payment has already been delinquent for five years. They can also negotiate with your employer to get a lower interest rate.
You should ask your tax attorney about their experience. Generally, tax attorneys work with businesses and individuals. Their hourly rate will depend on their experience and location. Depending on the complexity of your tax issue, a tax attorney can charge you between $100 and $400 an hour. It is important to know the total cost of hiring a tax attorney. You should also ask if they charge by the hour. While the cost of hiring an attorney varies by location, most will charge you $100-400 an hour or less.
Another good reason to hire a tax attorney is to avoid criminal prosecution. While the IRS may not prosecute you, if you do, your tax problem can result in jail time and high legal fees. Hiring a tax attorney is a sound investment. Don’t wait until it’s too late to hire one. Instead, invest in a tax lawyer who can protect your interests and ensure your full compliance with the law. You’ll be glad you did.
Having an attorney in your corner is one of the best ways to get a tax resolution that will benefit both you and the IRS. Using an attorney can help you avoid paying penalties that can add up to thousands of dollars. It’s also possible to find an accountant who can assist you with your case. In either case, you can always contact an attorney if you have any questions. It’s important to choose the right attorney based on the complexity of the case.
Tax attorneys have the necessary experience to negotiate with the IRS. They know how to fight for their clients and adhere to deadlines. They can represent you in federal court, if necessary. Additionally, a tax attorney will review documents for accuracy and provide guidance on the best course of action. They’ll also coordinate appraisals and request reviews from the local assessor’s office. Finally, they can represent you at hearings, if necessary. Depending on the complexity of the case, you can choose an attorney that has a track record and the experience to make it successful.
A tax attorney must be able to communicate effectively with clients, collaborate with others, and research complex issues. Their work involves negotiating with federal and state tax agencies, and they also need excellent communication skills to get the job done. A tax attorney must be able to keep a cool head under pressure. In addition to being good at problem solving, a tax attorney should have a solid understanding of local and state taxes and the interplay between these laws. Click here for a free consultation with an Oregon tax attorney.
Before hiring a tax attorney, remember that each case is different. Simple tax cases cost less than complex ones. Tax resolution options like installment agreements require different expertise and paperwork. You might also save a few pennies on the dollar if you choose an installment plan over an offer in compromise, but if your case takes longer, it will cost more. A tax attorney can also save you a lot of money on your taxes on an annual basis.