What Do Tax Attorneys Do? All You Need to Know

The Internal Revenue Service is tasked with collecting taxes,as well as assessing tax liability of taxpayers. The agency also registers taxpayers and carries out tax audits every now and then. The government agency can also prefer charges on taxpayers who commit tax fraud,tax evasion,or any other type of offense that is related to taxes. There are many- in every major city. These lawyers help local residents and businesses deal with their tax issues amicably. One of the most common questions that taxpayers often ask is,”What do tax attorneys do?” Well,keep reading to find out.

Services Offered by Tax Attorneys

Estate Planning

If you have a large estate,you must hire a tax attorney to help you put your affairs in order and ensure that the beneficiaries of your estate will not be taxed heavily when you pass on. After all,the IRS may demand as much as 40% as tax when you pass on. Imagine losing nearly half of the estate you have built/owned all your life to the government. To avoid this,you must hire a- to help you plan your estate to minimize tax liability when you pass on.

Tax Advice When Starting a Business

When you have a business idea,and the capital needed to fund the start-up,you must consult a tax attorney. This is crucial because you want to register an entity that will expose you to the least amount of taxes. Having the right business setup can significantly boost your chances of success.

Legal Defense on Tax Issues

If the IRS has decided to place a lien on your bank account or property,you have to hire a tax attorney to ensure this decision is reversed. When facing a tax fraud case,you need to hire a competent tax lawyer to defend you and ensure your rights are not overlooked. Basically,you should hire a- whenever you are facing a legal issue that touches on your taxes. Fortunately,there are many tax lawyers in every major city,so you can easily find a competent legal services provider.