Complex Issues You Can Solve With An IRS Tax Attorney

13 September 2023
 Categories: Law, Blog


Tax season can be stressful for many, and complications can arise that make navigating the intricacies of the Internal Revenue Service (IRS) even more challenging. For many individuals and businesses, seeking the expertise of an IRS tax attorney becomes not just beneficial but essential. Read about the myriad of issues these specialized professionals can assist with to ensure that your tax affairs are both compliant and optimized.

Back Taxes and Debt Resolution

Accumulating back taxes is a situation nobody wants to find themselves in, but life's unpredictability can sometimes lead there. An IRS tax attorney can evaluate your specific circumstances, help you understand the potential penalties and interests, and negotiate a settlement or payment plan with the IRS. They can also guide you on Offer in Compromise applications, which might allow you to settle your debt for less than what you owe.

Audits and Examination Notices

Receiving notice that the IRS wants to take a closer look at your tax returns can be daunting. IRS tax attorneys not only help you prepare and represent you during the audit but also advise on your rights and potential outcomes, ensuring you're not taken advantage of during the process.

Foreign Income and Asset Reporting

With globalization, many individuals and businesses have foreign income or assets that need reporting to the IRS. The laws surrounding foreign income, such as the Foreign Account Tax Compliance Act (FATCA) and Report of Foreign Bank and Financial Accounts (FBAR), can be complex. Missteps can lead to severe penalties. A tax attorney can ensure compliance and advise on potential tax-saving strategies.

Business and Payroll Tax Issues

Businesses, particularly those just starting, may face challenges in understanding their tax obligations. Whether it's classifying workers correctly, handling payroll taxes, or understanding deductions and credits, an IRS tax attorney can provide invaluable guidance. For businesses facing payroll tax problems, these attorneys can negotiate on their behalf to prevent crippling penalties or even business closure.

Criminal Tax Defense

In rare cases, tax issues can escalate to allegations of tax evasion or fraud, which carry criminal implications. When facing such serious charges, having an IRS tax attorney is crucial. They can challenge the evidence, negotiate with IRS agents, and if necessary, represent you in court.

Estate and Gift Tax Planning

Transferring assets, whether during one's lifetime or after, can come with significant tax implications. An IRS tax attorney can guide individuals on how to structure their estate or gifts to minimize tax burdens while ensuring all actions are compliant with IRS rules.

Contact a local IRS tax lawyer to learn more about their services.