Throughout Baton Rouge, there are accountants and attorneys poised to help in the hour of need. In the world of taxation, tax attorneys are the attorneys specialized in tax representation. Accountants are who businesses and individuals turn to for financial and tax consultation. However, for the times the law is involved, a tax attorney is the answer. Fighting the IRS is not the specialty of an accountant, but is the playground of an experienced tax attorney. Tax attorneys are best for handling complex, technical and legal issues associated with tax situations. Normally, a tax attorney is asked to step in after a problem has arisen, however, advance tax consultation can ward of potential problems.
The question arises of when to contact and hire a tax attorney? Preferably before tax complications arise. Otherwise, contact a tax attorney when the IRS is harassing you for tax debt they feel is due. The Internal Revenue Service has many tactics at its disposal for collection, including:
- IRS Notices
- Tax Levies
- IRS Bank Levies
- IRS Wage Garnishment
- Unpaid Taxes
- Penalties and Interest
- Tax Liens
Remember, the IRS has its hands in a lot of areas with tax implications for both individuals and businesses. Surprisingly, most taxpayers do not realize Estates must file returns. Personal and Commercial income taxes, estate taxes, and any area addressed by the tax code is prime real estate for IRS infiltration and scrutiny. Any of these is reason to call the Baton Rouge tax attorneys at Tax Relief Systems.
An unaddressed taxable estate upon death has a potential 40% tax on the balance for the heirs . As of 2017, the estate tax threshold is $5.49 million single or $10.98 million married, which tend to have an annual increase. Any balance above the threshold is subject to an estate tax. This is where a tax attorney can help by devising an estate-planning strategy focused on maintaining the estate below the exemption threshold and avoid a huge portion filling the government coffers.
Starting a business is stressful enough, but do you know the tax implications of your business structure? The type of business entity you set up will have tax ramifications. A Baton Rouge tax attorney can provide valuable advice and direction.
The most important reason for hiring a tax attorney is if you plan to sue the IRS, under criminal tax investigation, pursue independent review of your case before the U.S. Tax Court, or other IRS tax problems. In this circumstance, you’ll want someone who is familiar with a courtroom and negotiation. Legal representation is especially needed if you’ve committed tax fraud, such as claiming deductions or credits you weren’t entitled to. The attorney client privilege applies whereas for accounts it does not always. Other reasons recommended to seek the assistance of a Baton Rouge tax attorney are:
- Louisiana Sales and Use Tax Audits
- Tax Levies, Garnishment and Seizures
- Jeopardy Assessments
- Innocent Spouse Representation
- Discharge of Taxes in Bankruptcy
- Tax Court Representation
- IRS Appeals Hearings
- Audit Representation
- Independent Contractor Determinations
- Offers in Compromise
- Employment/payroll tax representation
- Trust Fund Recovery Penalty
- Installment Payment Plans
- Non-filer Representation
- Estate Tax Audits
- Penalty and Interest Abatement
Do not wait until a problem arises to contact one of Tax Relief Systems’ tax attorneys. We are here to help and we pride ourselves in the successful positive representation of every client. Call us at 424-264-5854 or contact us through our online form and one of our attorneys will contact you personally.