We need a good tax attorney to represent us if we get into trouble with our taxes, as they are experienced in dealing with various tax related settlements. They help their clients to make the right decisions to get the best settlement possible and save them from the laws of the land in case of any kinds of tax evasion. They double up as consultants and suggest ways to avoid any tax related problems in the future.
Depending on the work they handle, there are different types of Tax attorneys. These are namely:
IRS Tax Attorney: They come in to play, if the clients face difficulties to pay off the substantial past-due taxes, interest or penalties. They apply the best legal solutions available like compromise, penalty forgiveness, to name a few to make sure that the client gets the best possible settlement option.
Tax Litigation Attorney: They evaluate the clients’ tax situation and thoroughly discuss all available options in case of any litigation like Criminal Tax litigation, Civil Tax Litigation, Tax Refund Litigation and work towards getting the most beneficial ruling in court.
IRS Audits and Appeals Attorney: They are proficient in handling any tax related audits, so as to reduce increased tax liability, including heavy interest and penalties. They help to file the Business Income tax returns or Individual Income Tax returns and minimize the trouble and stress associated with the audit process.
IRS Collections Attorney: They help in handling the unfilled tax returns, unpaid income taxes, seizures of any assets, if there is any threat of the clients’ asset being seized. They study all the circumstances and come up with the best course of action. They also represent the client in court if there are any summonses issued by the revenue department.
Criminal Tax Attorney: They come in picture when there is any fraud committed, like false statements, fraudulent returns claimed, money laundering or failure to file or supply information. They come up with solutions in the best interest of the clients.
Business and Employment Tax Attorney: They help in the formation of suitable type of business, as they are fully aware of the state and federal regulations. They deal with income and employment taxes, record reviews, and internal audits. They also play an important role if there are any valuation disputes.
Estate Attorney: They deal in estate planning and usually work with families and individuals. Estate planners guide their clients on how to divide funds into trust accounts, wills, and to even meet certain tax goals. They also help to prepare the required documents and handle the reading of wills and the client’s trust fund administration once the client has passed away and assign guardians over children, and even beneficiaries.
ERISA Attorney: ERISA stands for Employee Retirement Income Security Act. They are responsible for handling pensions and benefits on behalf of an employer as well as tax and employment law issues.