Tax Lawyer?

Posted By on September 19, 2010

What is a Tax Lawyer?

In the United States, a tax lawyer, also called a tax attorney, is a professional who has specifically received training to help individuals who owe taxes to the Internal Revenue Service (IRS) or are struggling to negotiate with state tax departments. A tax lawyer specializes in helping individuals and businesses by using any legal means necessary to provide tax relief.  More specifically, he/she provides services that deal with tax debt reduction by compromising with the IRS, aiding with audits, helping to reduce penalty fees, and more.

Why Should You Hire a Tax Lawyer?

As a general taxpayer, you probably are not always up to date with the latest tax laws or do not know state or federal tax laws very well. This dramatically lowers your chances of settling with the IRS. Due to their training, these attorneys can even help you avoid such trouble in the first place!

How do I Find a Reliable Tax Lawyer?

Aside from the tools available on this website, the best way to find a tax attorney is to do some research. When hiring a tax lawyer to represent you, it is important to ask business owners that you know or even another lawyer that you hired to represent you for something unrelated to tax law. It is also important to look into his/her reputation in reaching compromises with the IRS or state tax departments. Many of them  do not require you to pay too much upfront, thus you only pay fully when a settlement is reached. In any case, make sure all costs and  fees are understood before you sign a binding contract.

Related Links: Internal Revenue Service (IRS)
8GRDN5RWD7B7

Category: Tax Lawyer? | No Comments »
Tags: ,

Tax Relief

Posted By on September 19, 2010

Tax relief refers to deductions in your tax payment, thus is a reduction in the amount of tax payed for a particular term. It can come in many forms and for many reasons. For example, an individual may receive an income tax refund or receive a deduction due to an unfortunate circumstance such as a natural disaster. Furthermore, settling with the IRS or a state tax department on owed taxes and/or forming a custom installment plan to pay off owed taxes are also considered forms of relief. Sometimes, if an individual’s financial situation is very poor, relief can involve the halting of  collection until the situation gets better. Lastly, if an individual has been filing taxes jointly with a spouse and is no longer married, he or she can apply for innocent spouse relief to alleviate any joint tax obligations.

Tax Relief: Offer in Compromise (OIC)

An offer in compromise is a form if tax relief that lets a taxpayer settle with the Internal Revenue Service (IRS) for less than the owed amount of money. Conditions and criteria exist in order for the taxpayer to actually be eligible for the OIC program with the IRS.

Remember, if you see yourself in a critical situation involving taxes, contact a qualified tax professional right away for relief!

Related Links: Innocent Spouse Relief

Category: Tax Relief | No Comments »
Tags: