A Guide for Hiring a Tax Lawyer
For many
individuals and businesses, hiring an experienced tax lawyer can be one of the
best decisions in life. Tax lawyers are specialized professionals engaged in
improving your tax situation. Tax lawyers focus on tax laws that include
different types of taxes such as income tax, estate tax, cross-border taxation,
and more. Besides reducing tax liability, they also act as taxpayer advocates
before the Internal Revenue Service (IRS) and other government authorities. The
two primary services offered by these professionals include- tax planning and
resolving tax conflicts. Tax planning services are widely used by corporations
and high-net-worth individuals to streamline their financial affairs to reduce
their tax bills.
The job of a tax
attorney is to assist you in complying with tax regulations and resolving tax
issues. They can assist you in filing an appeal, representing you in an audit,
or negotiating a payment plan with the IRS. They can assist you with federal,
state, and municipal taxes. So, whether you need assistance in filing your tax
return or need a cross-border tax
plan, hiring a tax lawyer is the smart choice. But how to
choose the right professional?
Hiring a Tax
Lawyer
The majority of
tax attorneys have a Juris Doctor (JD) degree, and many have an LLM in taxation
from a law school. Tax lawyers must pass the bar test to get licensed to
practice law. No matter what type of tax-related services you need, make sure
to consider a few things when hiring a tax lawyer, such as:
1. Review Credentials
When looking for a
tax lawyer, make sure to inquire about qualifications such as licensing and
certifications. They should have tax law experience and be certified by the
state in which they practice. Inquiring about qualifications can help ensure
that you are working with a skilled tax lawyer who can assist you with your tax
issues. Every state's court commission or attorney registry can confirm that the
person is an attorney.
2. Specialization and Success Rates
Your tax attorney
must be a specialist or have competence in the area of tax law that your
circumstance requires. For example, if you're looking for help with estate
taxation, don't hire a lawyer specializing in state tax issues. The lawyer
should have ample experience in a specific field of tax law in which you
require assistance. Always ask about their specialty and success rates. A
skilled tax lawyer will have experience to deal with the IRS and should have a
high success rate in cases similar to yours. They should also be able to
provide you with a free consultation so you can see how they would manage your
tax concerns. Also, find out their courtroom success percentages. You don't
want to employ a lawyer who has a low success rate and is unlikely to win your
case.
3. Consider Reputation
When choosing a tax lawyer,
reputation and referrals are crucial. It is critical to ask around for
suggestions from individuals you trust. You can create a list of high-rated tax
lawyers and then start narrowing down your options. To make the best choice,
look for someone highly trusted by others. Besides reputation, don’t forget to
check their availability and affordability. You don’t want to hire a tax lawyer
who isn’t trusted by other businesses or someone too busy to answer your calls.
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