A tax lawyer will help reduce the taxes that you owe by helping you claim all of the appropriate deductions and tax credits. Working with a tax lawyer can put you in a good position for the next tax year because you will be wiser about the income you claim for the year. Briefly tell us about your case.
Call us at 1-888-490-2407 to get started in finding a tax lawyer for your case. A tax lawyer will help reduce the taxes that you owe by helping you claim all of the appropriate deductions and tax credits. Working with a tax lawyer can put you in a good position for the next tax year because you will be wiser about the income you claim for the year.
My father is a CPA who has been a Tax Attorney for approximately 30 years. He takes pride in his expertise and enjoys what he does for a living. Business is always consistent and unlike other types of law he likely does not need to fear the industry slowing down.
Story time: My husband and I purchased our first home and day 1 set up auto-pay for the mortgage. We checked on the mortgage account 10 days after and it said "payment posted" on our borrower's portal so we thought it was all good. Then, come the end of the month we went to check our bank account and noticed the money had not been withdrawn.
First off, this probably isn't the right sub. If there's a better one, I'd really love a recommendation.
I started a job that I really love about 2.5 months ago. But recently I’ve been in the interview process for a job that would mean a 50% salary increase, which would be life changing.
This happened two days ago. My dad wanted to invest in cryptocurrency. I told him of a couple of reputable sites he could get cryptocurrency from ( Kraken.com being one of them) and he looked for the site on google and clicked on the first result, which was an ad making it look like it was Kraken but it was 101investing (Beware).
his professors are telling him to stay away from the tax path because "robots" will automate the profession.
Regardless, to get big law in the first place can be a struggle if not coming from the top 15 or so schools (traditionally called the T13 or T14 but I decided to throw in 1 more plus the or so because it reflects reality more in this ok/good econ). Law school in general is expensive. And, at those elite schools, scholarships mean great grades AND LSAT.
Law firms tax departments typically will not hire without experience, and they will not allow associates to lateral out of accounting firms. That is why a huge portion of newly-minted LLM students end up in accounting firms for their entire careers.
Yes it's good. Robots won't be taking it over in the next 20 years. Too much interpretation involved. Clients have unique complex problems that artificial intelligence cannot address.
I can say that tax law is truly an incredibly fun and intellectually engaging field. That being said, the majority of the high level planning work happens with federal income tax issues. To do that, you almost always have to work for an extremely large firm. Very few small shops have the quantity of work with a those sort of tax implications to have any real full time tax experts.
Caveat: tax law is VERY DIFFICULT TO BREAK INTO IN A LAW FIRM SETTING. If you go back to law school and obtain an LLM, there is a greater than 50% chance you will end back exactly where you are now for the rest of your career (i.e., an accounting firm).
You would NOT be able to skip a single year of being an associate. You'd be a 1st year associate like everyone else. While you have a good bit of tax accounting experience, like all of your peers, you'll have 0 years of tax LAW experience.
A tax lawyer is a great resource to have when you want someone else to handling IRS dealings and negotiations with the IRS. A tax lawyer can represent you before the IRS and even represent you in tax court through IRS power of attorney.
When working with a tax lawyer they will only disclose the information that is required in order to resolve your tax problem. Negotiating Skills: Tax lawyers are known for their negotiating skills. These skills come in handy even when negotiating with the IRS.
Owe Taxes & Cannot Pay: Typically if an individual cannot pay their taxes the IRS will suggest entering into an installment agreement and paying overtime until the taxes are paid in full. Sometimes it isn’t as simple as just entering into a payment plan and making monthly payments. What if you don’t have enough income to pay the monthly payments? Or what if paying the IRS will leave you with little to pay your other expenses? There are many other options available, most of these options need to be negotiated with the IRS. Tax lawyers are knowledgeable in IRS code and understand how the many relief programs work. Tax lawyers are also financially knowledgeable in other advanced financial solutions. With the combination of knowing about the IRS and advanced financial solutions, a tax lawyer will likely be able to find the best solution for your unique financial and tax standing.
Going to Tax Court: One of the benefits of using a tax lawyer over other types of tax professionals is being able to have them represent you in court. Hiring a tax lawyer when going to tax court is a good idea since you get the benefits of the “tax lawyer client privilege”, special tax law training, and superior negotiating skills.
The IRS will charge steep penalties on unfiled/unpaid taxes and will take harsh collection actions against individuals that have not filed/have not paid.
Privileged Communications: You can be assured that anything you disclose to your tax lawyer or their staff, it will stay confidential. A tax lawyer will never be able to be forced to disclose information that you have provided them.
If you have been accused of tax fraud, even if you are at fault, a tax lawyer is the best type of tax professional to have on your side. The privileged communications between your tax lawyer and you will ensure the only information disclosed to the IRS will be the information needed to take care of your case and get the tax fraud case behind you.
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Choosing the right deductions for your tax case can make all the difference in the amount you owe to the IRS. You may be self-employed and able to claim thousands of dollars in business deductions. A tax lawyer will help you figure out the best deductions to claim as a self-employed person.