Tax law can be a complicated and confusing area, especially for those who are not tax professionals. But this is why tax lawyers exist: to help people understand the tax implications of their decisions.
Tax lawyers offer many services, including tax planning and preparation, tax compliance, representation before the IRS or state taxing authorities, and estate tax advice.
You might be wondering if you need a tax lawyer Los Angeles, CA. Although tax law can seem complex and confusing, tax lawyers help make it easier to get your taxes done right. The following article will tell you more about when you should hire a tax attorney.
When You Have Tax Debt
If you owe back taxes, penalties, or interest to the IRS, it’s time to contact an experienced tax attorney immediately.
Hiring a tax professional can help ensure that all of your rights are protected, and everything is done properly according to tax law. Your tax attorney will handle negotiations with the Internal Revenue Service (IRS) on your behalf so that they don’t come after you for payment. A lawyer for taxes will ensure that all your rights are protected, and every action follows the law.
You can avoid having a lawyer for other issues, but it’s always best to get professional legal advice when dealing with tax debt.
When Filing a Tax Extension
Sometimes life gets in the way of filing your taxes on time. If you need more time to file but don’t want penalties for filing late, hiring a lawyer who can help guide you through this complicated process might be wise.
In most cases, if you file for an extension by April 15th and pay at least 90% of what you owe when submitting Form 4868, there will not be any penalties or interest accrued over that amount owed.
If you do not meet those requirements, a lawyer can help you file an extension and work with the IRS to ensure they don’t penalize your tax debt.
You might also want to hire an attorney if you need additional time because of extenuating circumstances like being out of work or suffering from illness.
When You Need Tax Planning
Most people don’t even think about tax planning until it’s too late. But this is another area where an attorney can be invaluable.
A lawyer will help you stay current on changing tax laws to ensure that your taxes are paid correctly. They’ll also work with you to minimize what you owe every year.
For instance, if a lawyer discovers that you qualify for certain deductions or credits because of your income levels or specific circumstances, they should let the IRS know.
When Representation Is Needed
Have you ever received a tax bill from the IRS and needed to go to tax court? This can be an intimidating experience if you’re not familiar with tax law.
Therefore, you must speak with a tax lawyer before your first meeting if there are any questions or concerns.
Additionally, they might suggest how best to proceed depending on what type of representation will benefit your case most. For example, they may recommend hiring a CPA who specializes in tax law.
In this situation, searching for a “tax lawyer near me” will make a huge difference.
Get a Tax Lawyer Los Angeles
Tax law can be very confusing, especially if you aren’t an expert. It’s best to hire a tax lawyer Los Angeles who is well-versed in the latest tax laws and changes. Even if they are expensive, it will likely save you money in the long run because of their knowledge and experience with tax cases.
We hope you found this article helpful. For more tips and guides, please keep visiting our website.