A tax lawyer is a legal professional who specializes in taxation. They can provide legal advice on a variety of tax-related issues, including income tax, estate tax, gift tax, and property tax. In addition to providing legal advice, tax lawyers may also represent clients in court or before government agencies. Many tax lawyers maintain their own private law practice, while others may work for a large law firm or in the legal department of a corporation.
Benefits of having a
Tax Lawyer in South Florida
A tax lawyer in South Florida can help businesses and individuals navigate the complex and ever-changing tax laws. They can provide guidance on how to structure businesses and investments to minimize tax liability, and can represent clients in disputes with the IRS. Tax lawyers can also help individuals and families with estate planning and succession planning. They can advise on the best way to structure inheritances to minimize taxes, and can help with estate tax planning.
Tax Problems in South Florida
According to a report from the Urban Institute, South Florida has the fourth highest percentage of residents in the country who face tax problems. In fact, one in three residents of Miami-Dade, Broward, and Palm Beach counties has an unpaid tax bill. The reasons for this are many and varied. Residents of South Florida often have high levels of debt and low incomes, making it difficult to pay taxes on time. Additionally, many taxpayers in the area are self-employed, which can make it difficult to accurately track income and expenses.
Why hire a Tax Lawyer
There are a number of reasons why you might need to hire a tax lawyer. Perhaps you’re starting a new business and are unsure about the best way to set up your books. Maybe you received a notice from the IRS and don’t know how to respond. Or maybe you simply want to take advantage of all the tax deductions you’re entitled to. No matter what your reason, it’s important to find the right tax lawyer for your needs. Not all lawyers are created equal when it comes to taxes. Make sure you interview several candidates and ask them about their experience before hiring them. In any case, here are three reasons why hiring a tax lawyer in South Florida is a smart decision:
- Tax lawyers have a deep understanding of the tax code.
- They can help you resolve disputes with the IRS.
- They can save you time and money by filing your taxes correctly.
Frequently Asked Questions (FAQs)
If you are looking for a legal consultation for your taxation issues, either you are an individual paying taxes or taking care of your business taxes, the tax attorney can assist you. Tax attorneys can help you understand lawful regulations of tax and how to solve issues associated with various types of taxes including gift, property, sales, estate, federal income tax, and tariff along with issues complying with Internal Revenue Service (IRS) obligations.
Tax attorneys can represent individuals in Tax Court, District Court, Federal Claims Court and even Bankruptcy Court. They also have the experience and ability to represent and assist accountants should they need legal advice for an IRS issue.
No, they aren’t. A Certified Public Accountant (CPA) knows the ins and outs of financial documentation, planning, and the implications of various financial decisions, including those dealing with taxes. They are trained in maintaining business and financial records. An attorney can represent clients before the IRS for audits, collections, and appeals but so can a CPA. The big difference here and one you need to keep in mind is that a tax lawyer can provide attorney-client privilege, meaning your tax lawyer is exempt from being compelled to testify against you in a court of law.
A tax levy is when the IRS has the administrative authority to take or "seize" your property to pay off a tax debt or back tax. This could be taking your house, car or even going into your bank accounts.
An offer in compromise is when the IRS agrees to let you pay off what you owe in taxes by paying a small lump sum amount or a two-year payment plan in installments.
If you are having a problem with the IRS or just questions and concerns, you need to hire a tax attorney. You want to locate and hire a good tax attorney as soon as possible because if you suspect you may need one, you probably do.
This is another really important reason to hire an attorney. Only an attorney can properly represent you in tax court, should your situation require it.
A good attorney specialized in the field of tax would be the individual who discloses all of the tactics and creativities that you are capable of utilizing in order to preserve your money.
Ask around for an experienced tax attorney and check the internet for client/customer reviews. When you interview your choice, ask for additional references, particularly clients who had the same issue as yours. Look for experience:
- How long has the firm been in practice?
- Has the firm handled cases similar to yours?
- Ask for an assessment with a potential plan of action.
- Look for the credentials listed under What Is the Difference Between a Tax Attorney and a CPA
- Find out if the firm is active in a professional legal association such as the Tax Law Association
Find a best Tax lawyer
Are you looking for a tax lawyer in South Florida? If so, you’ve come to the right place. Here at LawyerConnection, we have a team of experienced attorneys who can help you with all your tax-related needs. We can help you with everything from estate planning to IRS audits. No matter what your tax situation may be, we can help you find a solution that fits your needs. We understand that tax law can be complex and confusing, so we take the time to explain everything in detail. We want to make sure that you are fully informed about your options and understand the consequences.