If you’re starting a new business or facing a complicated tax situation, hiring a qualified tax lawyer can help. You may need the services of a tax lawyer for several reasons. Whether the Internal Revenue Service (IRS) is investigating you or you’re thinking about setting up an estate plan, a tax lawyer can provide invaluable services. These professionals have in-depth knowledge of tax laws, regulations, and policies. A lawyer can assist you with both- tax planning and tax controversies. An experienced lawyer not only helps you navigate a tax controversy but can also help prevent one. With the assistance of tax planning lawyers, people and businesses can effectively manage their financial affairs to minimize their tax burdens and deal with tax audits. Tax planning lawyers assist in reducing tax liabilities which helps in saving money. Their expertise in tax laws also helps in avoiding tax controversies, audits, investigations, or legal actions by the IRS or state tax agencies.
Lawyers can help you deal with a government agency, find solutions to settle your tax debt, deal with an investigation, and even defend you in court. These professionals offer invaluable services but only if you’re lucky to find the right one. So, it’s important to do some research when searching for a tax lawyer. To find the right tax lawyer, here are some factors that you need to look for.
Credentials & Licensing
Find out what type of qualification, licensing, or certification the tax lawyer has. The professional must have a law degree and a license to practice law. Checking credentials will help you find out the tax law knowledge of the professional. It also ensures that the tax lawyer is licensed to practice in your state.
Specialty and Success Rates
You need to find details like how long the professional has been working as a tax lawyer, how many cases similar to yours have you dealt with before, and the success rate. You need to make sure the lawyer is capable to deal with your case. An experienced lawyer will have the experience to deal with the IRS and handle other tax issues. Always ask for a free consultation to get an idea of their expertise and success rate. A lawyer specializing in tax law should also have courtroom experience. Take a look at what type of services they offer. Ideally, a tax lawyer should provide legal assistance regarding local taxes, keep updated about recent modifications of the legal regulations, and have representation in public courts and front of tax authorities.
Reputation and Affordability
Before you hire a tax lawyer, don’t forget to check your reputation and affordability. You should ask around, get recommendations, ask for referrals, and check online reviews and ratings. Make sure you do some research to ensure the lawyer has a good reputation. Another important factor is the fee charged by the lawyer. Finding the top lawyer isn’t any good if you can’t afford their fee. The lawyer should be available and affordable.