Across Honolulu, accountants and attorneys are poised to assist in the hour of need. In the complex world of taxation, tax attorneys are the specialized source for tax representation. Accountants are typically the go to for businesses and individuals 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 forte of an accountant, but the playground of a veteran tax attorney. Tax attorneys are the best option 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, advanced tax consultation can help avoid potential problems.
Most Honolulu taxpayers wait till a problem arises to contact a tax attorney, which is a good idea but it’s not recommended to wait till the last minute. Ideally, before tax complications rise. Contact a tax attorney when the IRS is sending notification for tax debt. The Internal Revenue Service has many strategies at its disposal for collection, including:
- Tax Liens
- IRS Bank Levies
- IRS Wage Garnishment
- Unpaid Taxes
- Penalties and Interest
- IRS Notices
- Tax Levies
Remember, the IRS has its hands in a lot of areas with tax implications for both individuals and businesses. Surprisingly, many taxpayers do not understand Estates must file returns. Personal and Commercial income taxes, estate taxes, and any area addressed by the tax code is a prime target for IRS infiltration and examination. Any of these is reason to call the trusted Honolulu tax attorneys at Tax Relief Systems.
An unaddressed taxable estate, upon death, has a potential 40% tax on the balance for heirs. As of 2017, the estate tax threshold is $5.49 million single or $10.98 million married, which usually increases annually. 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, but do you know the tax implications of your business structure? The type of business entity you set up will have tax ramifications. A Honolulu tax attorney can provide valuable advice and direction.
The most important reason for contacting 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 Honolulu tax attorney are:
- Hawaii Sales and Use Tax Audits
- Installment Payment Plans
- Tax Levies, Garnishment and Seizures
- Innocent Spouse Representation
- Discharge of Taxes in Bankruptcy
- Tax Court Representation
- IRS Appeals Hearings
- Audit Representation
- Independent Contractor Determinations
- Offers in Compromise
- Jeopardy Assessments
- Employment/payroll tax representation
- Trust Fund Recovery Penalty
- 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.