Are Tax Attorneys Worth It? 5 Key Reasons Why You Should Hire One

If you have tax attorneys on your side, things can go a lot more smoothly.

tax attorney
UNSPLASH Kelly Sikkema

In 2018, the IRS completed nearly one million audits.

Being audited by the IRS is never a pleasant experience. If you have a tax attorney on your side, however, things can go a lot more smoothly.

According to Pearce Legal, tax attorneys can resolve complex tax issues. If you’re dealing with serious tax debt issues, an experienced professional can help you throughout the  whole process. Tax attorneys specialize in resolving high-level tax problems  like wage garnishment, tax liens, penalty abatement, etc. To find out more about how a professional can help you throughout the process, click here.

What if you’re not being audited, however? Even if you are, do the services you receive outweigh the cost? In short, are tax attorneys worth it?

Read on as we look at five key reasons why you should hire a tax attorney.

1. Tax Planning

The world of tax is full of schemes and loopholes that many of us have never even heard of.

A tax attorney is vital for your tax planning, whether you’re a business or an individual. They can help you navigate the complex world that is tax and help you make the most of every legal tax deduction that is available to you.

They can also ensure you don’t make any errors when submitting your taxes that might lead to you getting an audit from the IRS.

2. Starting a Business

If you’re starting a business, then you should definitely consider the services of a tax attorney.

Just deciding which type of entity your business should be can have huge implications for your tax burden. Trying to work out the best options for your specific situation can be a real minefield without the help of an experienced tax attorney.

If your business is going to operate in other countries, you’ll also need to know about the tax regulations in those countries too. A tax attorney will be fully up to speed on these regulations, saving you the worry.

3. Being Audited

We’ve already mentioned it, but one of the key benefits of a tax attorney is that they can offer IRS audit help.

If you’re being audited, having a tax attorney can help to ensure the legality of the audit, defending you against any unlawful conduct and making sure that you say and do the right things.

A tax attorney can also help you appeal the audit or represent you in court if things get that far.

4. Paying Back Taxes

If you have back taxes that you need to pay off, a tax attorney can help to negotiate a deal for repayment.

A good tax attorney will often be able to negotiate a better deal than you would have been offered otherwise, saving you money on interest payments.

5. Leaving Money to Loved Ones

If you want to leave money or property to your loved ones, then there may be estate tax to pay.

A tax attorney will be able to help make sure that you meet your obligations without paying more than you need to. Make sure you find an attorney who is well-versed in estate law.

Are Tax Attorneys Worth It? Now You Know

Are tax attorneys worth it? Hopefully this article has given you some insight into why they are and when you might need to use their services. Tax is a complex business and it’s always better to have the help of a professional.

For more great content, be sure to check out the rest of the site.

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