Retaining a Tax Attorney - When & Why to Get Tax & Legal Help

There are several ways in which a tax attorney can assist you. Firstly, the attorney will assists with any legal actions, such as tax prosecution or charges. They are also able to conduct a defense if they are retained by a client in this capacity, in case of tax fraud or other charges being brought by the Internal Revenue Service. The other advantage of retaining a tax attorney is that they can assist in client defense, representing people being investigated or those charged by the IRS. Lastly, the specialist tax lawyer can assist in financial matters; ensuring your company or business is tax law compliant across a range of industries. Current tax law knowledge is vital for a good tax attorney, at both state and national levels; plus they must be able to keep abreast of changes to the tax system.

A strong background in finance is also important in a good tax attorney, along with a strong focus on the details and a good head for financial analysis and strong negotiation skills. The Board of Legal Specialization manages the registration of tax attorneys, who must lodge their application with the board in the state where they’re based. The attorney must demonstrate they have a solid working history and understanding of the tax field, as well as conducting a large part of their work within the tax law specialty. Additional requirements differ in each state, but generally include evidence of further education and an examination on tax law.

Tax attorneys may regularly be contracted to work with government departments to aid in the preparation and collation of a case that is to go to litigation. In such a case it is anticipated the lawyer will have trial expertise; although they may be working primarily on the preparation of the brief for the trial attorney. Another area in which tax attorneys regularly work in the assistance of companies requiring a qualified tax attorney to carry out auditing of their business logs, to be certain that all their company tax requirements are being met. This is a good preventative measure to ensure that the organization doesn’t unintentionally make a mistake with the complexity of the tax law; hence it is a smart option for both large and small businesses. Tax law can be complicated and a tax attorney will handle complicated taxation or potential problems that may “red flag” a business tax return, leading to further review of even the most legitimate businesses.

Apart from assistance to ensure correct tax compliance, the tax attorney is able to assist if a business or individual is being investigated. If you believe that you are going to be investigated, it is essential to arrange for a quality tax attorney to assist you through this time. The sooner you do so, the better acquainted with your taxation affairs the tax attorney will be. That will allow them to develop a more solid defense and it is never advisable to represent yourself in this situation. Irrespective of what line of business you are in, the assistance of a tax attorney will protect you from making mistakes with your taxation. Should you find that you have made an error in your taxes, hiring a tax attorney is essential.


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October 2, 2008 | Filed Under Legal

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