A professional tax attorney should provide a range of services related to filing taxes, tax audits, and other tax-related issues. The services offered should cover all aspects of the US Tax Code as well as international taxation and estate planning. A professional tax attorney should also be knowledgeable about state and local tax laws and be able to advise clients on the best strategies for filing taxes. Here’s a list of services that a professional Tax Attorney should provide:
· Preparation of Tax Returns
A professional tax attorney should assist clients in preparing their income tax returns, including both business and personal taxes. The attorney should have experience with a variety of different types of income, including wages, investments, and rental income, and should be knowledgeable about deductions and credits that can reduce the amount of tax owed.
· Tax Audits
A professional tax attorney should provide representation for clients who are being audited by the IRS or state tax authorities. The attorney should have experience dealing with these audits and know what to expect from the audits as well as how to prepare for them. The attorney should provide advice on the best way to approach the audit, such as providing documents and representing the client at any in-person meetings.
· IRS Collections
A professional tax attorney should provide assistance with IRS collections matters. This includes negotiating payment plans, attempting to reduce or eliminate the amount owed, and filing appeals of collection actions. The attorney should also be knowledgeable about any potential defenses that may be available to the client.
· Tax Planning
A professional tax attorney should be able to provide proactive tax planning services. This includes advising clients on how to structure investments and business entities to minimize their taxes, as well as providing advice on estate planning strategies. The attorney should have experience in both federal and state tax law, as well as international taxation laws.
Conclusion
In conclusion, tax attorneys provide valuable legal services for individuals and businesses. They should be knowledgeable in both federal and state tax laws, as well as international taxation laws.
Tax attorneys are also proficient in tax planning strategies, tax court representation, IRS appeals, tax fraud defense, estate planning matters, and representing nonprofits. If you’re looking for a tax attorney near me, it is important to research their experience and qualifications to make sure they are the right fit for your needs.