What to Look For in a Tax Lawyer
Do you think you might need a tax lawyer?
Tax laws have changed in the last few years, and they’re expected to continue to change due to the COVID-19 pandemic. As tax laws and tax filing procedures vary, it’s vital to have legal help to walk you through everything. The wrong attorney can land you in trouble with the IRS and with your boss if you’re self-employed.
You want to ensure the legal tax help you get is the right kind of help. Read on to learn what you need to know before hiring a tax attorney.
Knowledge and Experience in Tax Law
Look for a tax attorney who is well-versed in both state and federal law, even if your particular concerns are only with one or the other. Ask for a portfolio of the tax attorney’s prior experience or the previous tax matters in which they have been involved.
Hire a lawyer that is intimately familiar with the Internal Revenue Code. They need to be able to advise clients effectively on their unique tax matters. They should be capable of navigating the legal minefield of current tax laws.
Understand Your Financial Situation
A reputable tax lawyer should understand your financial background, including your sources of income, any outstanding debts, and the amount of taxable property you own. They can assess your past and present financial situation and understand the implications of your tax decisions.
They should also be able to provide you with advice to manage and minimize your tax liability and understand the new tax laws and regulations.
Good communication skills are a vital trait to look for in a tax lawyer when you need assistance with the IRS. They should be able to articulate and answer questions and explain the most suitable legal options to pursue. Good communication speaks to the lawyer’s ability to understand not just the IRS regulations and protocols but also your situation.
Fees and Payment Structures
Fees that tax lawyers may bill you could range anywhere from a flat rate to an hourly rate. It is important to understand what is included in their fee structure.
Some lawyers charge a monthly retainer fee, while others may bill you for the specific services they perform. When you find a lawyer you are interested in, discuss any upfront fees that may be incurred and make sure you understand the payment options.
Accessibility and Support
Accessibility is important because you can contact the lawyer if you have questions or need assistance. If a lawyer is unavailable in a timely fashion, you might miss important deadlines or miss out on opportunities.
Support is also essential since a tax lawyer should give you advice in addition to taking care of the legal aspects of your taxes. It is crucial to ask if the lawyer will provide ongoing support after the legal work is done.
Learn the Most Important Tax Lawyer Qualifications
When looking for a tax lawyer, it is vital to take into consideration their experience, qualifications, area of expertise, and fee structure. Be sure also to research their past reviews to ensure you are making the best choice.
Contact your tax lawyer today to see how they can help you reach your financial goals.
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