If you’re in a bind and have a question about your taxes, hiring New London. CT tax lawyer is a good move. While the IRS is notoriously difficult to deal with, you can use a tax lawyer to help you navigate the legal jargon and understand the most recent changes to the tax code. You should consult with at least three different professionals before making a decision. When you visit these professionals, bring along all your financial documents and any notices you’ve received from the IRS.
A tax lawyer’s education is extensive. They must hold a Juris Doctor (J.D.) degree, and some even earn a Master of Laws in Taxation (LL.M.). Tax attorneys also have years of experience and expertise in the field. In addition to their education, they must pass the state bar exam to practice law. They should have a PTIN and know how to deal with the IRS.
If you are facing an audit, it’s best to hire a tax lawyer. If you find yourself in a position of having to meet with the IRS, you may feel intimidated or afraid of getting into trouble. While you can’t avoid the possibility of facing an audit, you should make sure that you answer the questions truthfully. It’s not a good idea to mention your brother-in-law or a possible mistake on your tax return. Hiring a tax lawyer is essential because they can protect you and ensure that you don’t make any mistakes.
Before hiring a tax attorney, it is important to find out how much the fees will cost. Different tax relief firms have different fee structures. Some charge hourly rates, while others bill by the hour. Always ask about their fees and the amount of savings you will enjoy if you hire them. There are firms that exclusively employ tax attorneys, such as J David Tax Law. While Community Tax employs CPAs and enrolled agents, most employ tax attorneys.
If you are not able to pay your taxes, a tax attorney can negotiate on your behalf to reduce the amount owed. Tax attorneys can also help you qualify for the CSED program. They can also present a case to the IRS regarding a hardship that has prevented you from paying the IRS. In this case, hiring a tax lawyer is critical as they can help you avoid paying late fees and penalties. They can help you obtain the best resolution for your money and protect your assets.
A tax attorney’s hourly rate will vary depending on his or her experience. A tax attorney who bills by the hour will typically charge anywhere from $200 to $390 per hour. The final cost will depend on the complexity of your situation, mitigation, and whether you continue to retain the services. An average tax audit may cost around $2,000 while an Offer in Compromise could run you up to $6,500. A tax attorney should offer a free initial consultation, usually fifteen minutes long, and can be arranged through a phone call.