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Informative Articles

Are you getting the most out of your 401K?
Perhaps a better question would be – Are you putting in the most into your 401K so you can get the most out of it? First off – if your employer offers a 401K, run, don't walk to your Human Resources department and immediately sign up for it. You...

IRAs
Today, more than ever individuals should be concerned about their retirement savings, and if they will have enough to see them through their golden years. Currently, social security benefits are all that many Americans have to see them...

It might not pay to delay director's fees
Under the new tax law, however, the advantages of deferred payment may be outweighed by disadvantages. It may no longer pay to wait. Until now, it was smart for a company director to defer receiving director's fees until after retirement,...

Payroll Taxes
If you have employees, you are responsible for payroll taxes. This is a term that lumps all the different forms of employment taxes into one category known as "payroll tax". In reality, payroll taxes encompass Federal and state income...

Sole-Proprietors, Prevent Identity Theft
Obtaining an EIN or employer identification number is a good idea if you are a sole-proprietor. From time to time, you'll be asked to provide your social security number or employer ID to clients or governmental agencies. Once you do that you have...

 
Tax Attorneys

This article provides useful, detailed information about Tax Attorneys.


Tax attorneys are legal professionals who advise people in terms of tax planning and represent clients in cases of tax disputes or problems with the government. A tax attorney\'s job involves much more than just representing a party in case of civil or criminal lawsuits related to taxation. It also involves advising people beforehand on the legal intricacies of tax laws, and how to minimize their tax liabilities in a legal manner.


In tax planning, it is important to consult an experienced tax attorney so he can advise the best legal means available to minimize taxes, get exemptions or rebates, and the best arrangement for filing returns. The federal and state tax laws are intricate and sometimes the laws differ from state to state. There are many tax exemptions available for certain groups like senior citizens, who may not be aware of those exemptions. However, trying to minimize or avoid paying taxes using legal loopholes without first consulting an attorney is risky and can land one in trouble with the government and Internal Revenue Service.


Tax attorneys also represent a person or organization under investigation for tax evasion/fraud. This involves negotiating with the IRS on behalf of the client, fighting for the client in case criminal proceedings are initiated as well as working on reduction of penalties if client is found guilty. A skilled tax lawyer can reach an out of court settlement for the tax defaulter and minimize penalties if he or she is convicted.


Consulting a tax attorney is a better option than consulting a tax advisor or accountant because as a lawyer, a tax attorney cannot be forced to appear as a witness against his client. So all communication between the attorney and his client is confidential, which is not the case if a tax advisor is made to testify against a person charged with tax crimes.


Selecting the right attorney, with expertise in the area required is very important. Apart from experience, he or she should have excellent references and be a member of the bar association. A good tax attorney is an asset which can save you from much trouble later.


ABOUT THE AUTHOR
Business Tax Attorneys provides detailed information on Business Tax Attorneys, Income Tax Attorneys, International Tax Attorneys, Property Tax Attorneys and more. Business Tax Attorneys is affiliated with Income Tax Lawyers.


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