What Can A Tax Attorney Do To Help You?

Tax time is a busy time – and not just for accountant. Here are some of the primary reasons you may want to meet with an experienced tax attorney in the Cincinnati area this tax season:

  1. You have a hearing in U.S. Tax Court

In case you are unfamiliar with U.S. Tax Court, here is how it works: the IRS audits you, and you disagree with the audit. After the agency informs you of how they want to adjust your disputed tax return, you have 90 days during which you can file a petition with the U.S. Tax Court. This is your formal disagreement with the IRS. Taking them to Tax Court means, in effect, that you are suing the IRS.

If you go to Tax Court, you absolutely need an attorney to represent you. The IRS is mighty, and fully lawyered-up. A tax attorney is crucial to represent you, the taxpayer, in any such proceeding.

  1. You want to change the amount of back taxes you will pay

If you agree that you owe back taxes on previously filed years, but disagree with the amount the IRS claims you owe, then this is a different scenario. You are not contesting the bill, merely the amount. For this purpose, a tax attorney can help you with the paperwork process.

  1. You are audited and want to appeal

Appealing an IRS audit is not out of the question, but lawyers who specialize in tax issues will greatly improve your chances of prevailing in your appeal.

  1. Your business is getting audited

Whether or not you want to appeal your business audit, it is wise to consult with tax attorneys in the event of a business audit. Merely the preparation of paperwork alone often calls for legal consultation. Given the inherent risks of a corporate audit, having a better sense for the legal terrain is in your best interest.

  1. Your business is launching

When going into business for yourself — or when entering into a joint venture, an LLC, or any other sort of new business venture — having trusted tax advice is a wise way to begin. The way you structure your business, the way you pay your employees, and the way you make investments in depreciable assets are all subject to taxation concerns. Setting your company up in such a way that your relationship with the IRS is friendly and cooperative will help you establish a long-lived and sustainable business model.

  1. You have to plan your estate and the finances are complicated

There are many reasons why your estate finances can be complex. It may be that you had multiple spouses, or children from different marriages. It could be that you co-own property, so the estate would be receiving a partial amount of that property value. It’s possible that you have business responsibilities that must be attended to — say, corporate loans that must be repaid — before any sort of distribution goes to family members and other decedents. No matter what the cause for the complication, having the ear of tax attorneys can help simplify your situation.

  1. You want to file a wrongful disclosure or a wrongful levy claim

If the IRS has levied your property and sold it — for example, repossessing your car to cover unpaid back taxes — you may feel that this action was not correct from a legal standpoint. The legal seizure, if it was done wrongfully, could be overturned. You may have the property returned, or refunded an amount of money equal to what the IRS received for the sale of the property. Either way, this requires representation.