Sometimes, you experience complex tax issues or problems outside your knowledge. A little help from an IRS tax problems attorney relieves the burden off your shoulder. Below are four situations where the services of a tax attorney help you save money or protect your assets.

Tax Disputes

You can have tax disputes with the IRS or the local tax authority. The conflicts usually stem from or result in appeals, audits, investigations, or collection motions. Often, you'll need a tax attorney to represent you if you want a hearing before the US tax court.

Tax attorneys have specialized knowledge in tax law and understand the nitty-gritty of legal representation. For instance, if you disagree with the outcome of an audit, a tax attorney prepares an appeal. Also, tax attorneys know how to overcome the challenges of tax-related court proceedings.

Tax Reliefs

You may owe the IRS more than you can pay back at once. A tax attorney comes in handy to negotiate an ideal repayment plan over time. Your tax attorney could also arrange for an offer in compromise if you can't pay back the whole amount. The proposal allows you to pay the IRS a portion of the total amount of your debt.

Tax relief helps when tax collectors seize your property or garnish your wages. Your tax attorney defends you against legal claims that the IRS or tax collectors make on your property. As a result, you keep all your possessions and prevent claims that hinder your ability to repay the debt.

Tax Deductions in Business and Estate Planning

Your tax attorney understands taxation regulations and can advise you on methods to save money. For instance, your lawyer can advise on the appropriate accounting method to reduce your taxes. Also, you get detailed information on your risk level to take advantage of deductions. Such deductions include charitable contribution deductions and capital loss carry-forwards.

Estate taxes can take a significant amount out of the inheritance you plan to leave. Also, estate planning has complex tax implications if you want to leave money in your will. Your tax attorney deploys strategies that minimize the effect of taxes on your estate.

Business Planning

You go through many processes if you plan to start, buy, or sell a business. Tax issues could arise throughout the process. For instance, if you want to sell your business, the new owner will want to know if you have complied with all tax requirements. So, ensure you comply with state and federal tax laws lest your face penalties.

As a business owner, you have much to handle, and the complexities of business tax laws can be time-consuming. A tax attorney is your ideal way to protect your business from costly errors.

The expertise of your tax attorney in the above areas enhances a hassle-free process. Even if hitches arise during the procedures, your tax attorney is better suited to handle the issues. Ultimately, you save time and effort and avoid costly tax errors.

For more information, contact a tax attorney near you.