All United States citizens have some way of paying their taxes on time. Unfortunately, the IRS is not always so cooperative when it comes to taxpayers with delinquent tax bills. Fines often grow longer and collections proceed apace. This means the IRS will continue to hunt for debtors, and even resort to collection agencies to get the delinquent back in compliance with tax laws. This results in many taxpayers being stressed and angry about the prospect of yet another court battle with the IRS.
Taxation is a complex area of the law with many gray areas. Taxation attorneys, however, are trained in complex tax law and frequently are called upon to assist clients in the arena of taxation. These attorneys are well sought after not only for their expertise in tax matters, but also for their professional knowledge of the intricate laws governing taxation. Many are admitted to practice before the IRS, while others work exclusively through the tax agency for their clients.
A good tax attorney will be familiar with most aspects of taxation. He or she will know the modern tax regulations that apply to state and local governments as well as corporations and the Internal Revenue Service. In addition, these knowledgeable professionals will have experience working with clients of all types of income, budgets and circumstances. The vast majority of tax practitioners are experts in one area of taxation – which makes it very important for clients to choose their tax attorneys wisely. For instance, it would be unwise to have a tax attorney who specialized in income tax if the client’s income tax was extremely low.
Taxation law is a difficult and complex area of the law. It requires many different facets of the law to be examined closely to ensure compliance with all Federal, state and local tax laws. Attorneys representing clients in various situations will have the requisite expertise in dealing with all of the issues that come up when working with clients facing taxation problems. Representing clients in audits, collection activities and tax litigation are part of their responsibility. Therefore, they will have the necessary experience with regard to such matters.
A large number of tax attorneys also represent business owners in a variety of business transactions and issues. They will carefully examine all relevant facts and circumstances in order to craft efficient tax strategies that protect the interests of their clients. Some of the common issues they will represent their clients with include revising corporate policies to minimize tax liabilities, drafting contracts that minimize tax liabilities for business transactions and estate planning that avoid tax liabilities on transfer of property.
Attorneys who represent individuals and businesses can be extremely helpful because tax attorneys must have substantial knowledge of state tax laws in order to effectively deal with the IRS. They can also assist their clients in preparing accurate tax returns. In addition, tax attorneys must have experience dealing with state tax liens and appeals. Their clients will benefit from their representation in a variety of tax issues. They will have an expert knowledge of the workings of the IRS and state tax code.