When to hire a tax attorney

by Mark Weiss

A tax attorney is an attorney that specializes in laws regarding taxes. There are many different kinds of tax attorneys and many different situations that may require the assistance of a tax attorney. It is a good idea to hire a tax attorney any time you are under criminal investigation by the Internal Revenue Service. Hiring a tax attorney can protect you from jail time and huge fines and fees that result from a conviction of tax fraud or tax evasion. Tax fraud is when a person claims fraudulent tax deductions to reduce tax liability. Tax evasion is when a person or business fails to report their income. Both of these offenses are very serious in the eyes of the IRS.

A tax attorney service can also be very helpful when you are filling estate taxes on a taxable estate. An estate tax is a tax that is levied on the property of a recently deceased person. Filing an estate tax return can be very confusing for inheritors of an estate. That is why hiring a tax attorney is a good idea in the event of death of a relative. A tax attorney can also help you develop a strategy to minimize the amount of your property that is taxable under the estate tax.

Inexperienced business owners can also benefit from hiring a tax attorney service. Hiring an attorney can help you structure your business to minimize your tax liability and can help you design business strategies that maximize profitability. A good tax attorney can spot potential tax problems before they become an issue and suggest appropriate action to remedy the issue. International business is subject to a larger number of laws. Both involved countries have jurisdiction and laws of both countries must be respected. A tax attorney who is experienced in international business will be able to help you navigate international business deals and file any paperwork required to make your dealings legitimate.

About the Author
Mark Weiss is the President of ServiceGem.com which offers information, about all types of professional services world wide. It's service range from the common to the unusual, adding more categories every day. ServiceGem.com is your portal to every Service Worldwide.