How a Tax Lawyer Can Help You Prepare for Tax Season

Taxes are unavoidable, but you don’t have to face the complicated process alone. Whether you’re a new business owner struggling to understand various tax laws or someone facing back taxes and IRS penalties, you can partner with a knowledgeable tax attorney. Learn how a tax lawyer can help you prepare your next return, manage disputes, and navigate other complex financial situations. 

How Tax Attorneys Help With Audits and Disputes

Filing your annual tax return can be stressful enough as it is. If you’re facing an IRS tax audit, the process becomes even more challenging. It’s not uncommon for businesses or individuals to face taxation disputes with the IRS or other government officials. 

Reach out to a qualified attorney for legal advice. Tax lawyers aim to resolve disputes and help their clients comply with all IRS guidelines if an audit is necessary. If you receive notice of an audit or other issue, contact an experienced tax lawyer to represent and support you throughout the process. 

Lawyers Can Negotiate for Tax Debt Relief

A financial crisis can suddenly leave you with tax debt. Never paying your back taxes may subject you to penalties imposed by the IRS and other government agencies. If you receive a notice of tax debt, consider seeking legal advice from a qualified attorney. 

Here’s how a tax lawyer can potentially resolve the issue and reduce the implications:

• Negotiate a payment plan: A tax resolution may come if your attorney can negotiate an acceptable payment plan with the IRS so your debt doesn’t continue to pile up. 
• Explore an offer in compromise: It’s possible to settle your debt at a reduced amount through an offer in compromise. A lawyer can see whether you’re eligible for this debt relief option. 
• Request spouse relief: Some married couples who file jointly experience debt due to filing errors. A spouse who is unaware of these issues may qualify for a special type of relief. 
• Advocate for delayed collections: A temporary pause on collection efforts may be possible depending on your situation. 

Find an experienced lawyer and explain your situation. They may review one or more of the options above in an effort to minimize your tax debt. 

Head Into the Tax Season With an Understanding of Current Laws and Potential Penalties

If you’re wondering how a tax lawyer can help you prepare for the upcoming season, consider the ever-changing laws and IRS guidelines. It’s often difficult for amateurs to stay up to date on all of the latest tax laws. If you file your return without a full understanding of current guidelines, it could create additional hassles. 

Consult a knowledgeable lawyer prior to completing your return. They may be able to help you avoid penalties by pointing out certain laws regarding deductions, tax brackets, and more. 

Are you thinking of starting a business or revising your estate plans in the upcoming year? An attorney can be a great resource for navigating these unique tax scenarios. 

Speak With a Qualified Tax Lawyer From Levy & Associates About Your Next Return

Now that you know how a tax lawyer can help with many aspects of filing returns and resolving tax issues, why wait to consult one? Reach out to Levy & Associates if you need help preparing for the upcoming tax season. Whether you’re unsure about new laws going into effect or need legal support amid an ongoing dispute, we’re here to help. 

We’re available seven days a week and have decades of experience. To connect with one of our friendly staff members, give us a call at (800) 829-5389 or submit our online request form today.