Q: Is it necessary to hire a tax attorney if you’re not in trouble with the IRS?

A: Tax attorneys can do more than just help people who already have problems; they can do a lot to help prevent tax problems for individuals, small businesses, and corporations. One of the biggest reasons to hire a tax attorney is because of the ever-changing tax laws. Every year, new laws are added to our tax code and changes are made. As tax issues become increasingly complicated, it can be difficult for people who do not have a background in tax laws to correctly file their returns and other tax-related documents, or know how to avoid the numerous pitfalls in the tax arena. Having a professional guide you through the tax process can save you much time, effort, and potential errors.

Q: What are some of the areas where tax attorneys can benefit individuals?

A: Tax attorneys can help individual taxpayers with all types of taxes, such as personal income taxes, estate or inheritance taxes, property taxes, including real estate taxes, taxes on securities and investments, and more. Tax attorneys can help by making sure individuals are fully aware of everything they need to know to satisfy their tax obligations. They are experts at knowing how to implement the procedures and practices required to meet tax obligations—at federal, state, and local levels. They can also help individuals by getting involved with dispute resolution on their behalf. They will work with their clients’ best interest in mind, trying to find the best solution to meet their needs.

Q: What are some of the areas where tax attorneys can help businesses?

A: For small businesses, tax attorneys can assist in day-to-day tax issues and in helping the business owner stay current with tax obligations by helping them plan and prepare for their taxes. They will also take the time to learn about all the laws and policies surrounding taxation so business owners do not have to spend their time doing it. For big or small companies, they can put a system in place for dealing with tax issues before they arise. They can also instruct companies on how to handle expenses, employees, inventory, income, deductions, and other tax-related issues.

For larger companies, tax attorneys can help determine the most advantageous business form they should organize as, such as a partnership, a limited liability company, or a corporation.