What you must know: tax attorneys generally work with IRS and other tax agencies to solve tax problems. They will handle both individual and corporate audits to help you with compliant with the tax laws. A good Denver tax attorney can also give you options to possibly reduce or set up an annual payment plan over the long term. If a tax issue is causing you financial stress you will want to find the best legal help for you.
When it comes to the IRS they may be more interested in finding someone that will settle your taxes rather than finding someone that can show you a way to avoid or lessen the penalty. If someone is caught doing something illegal they can face steep fines, jail time, loss of assets, and other severe consequences. For this reason, it is better to find help to settle your taxes instead of doing nothing. A Denver Tax Attorney will review your situation and determine if there are any ways to lessen the severity of your tax liability.
The importance of a good Colorado tax attorney starts with how competent he or she is. The attorney will be working side by side with you from start to finish dealing with various accounts and working to resolve them appropriately. A good Denver representative will represent you in situations from wage garnishment to bankruptcy. He or she will understand all the nuances between the state and federal laws and be able to recommend creative solutions that will work to your advantage.
A tax attorney will also understand how audits affect people in different situations. He or she will know what questions to ask to elicit information from the agency that is reviewing your records. Representing individuals that are under audit will enable you to negotiate your way out of any unpleasant surprises associated with the process.
The tax attorney will also have your best interest at heart. It is often that he or she is the only voice on matters of income or capital gains tax because there are no other advisors to consult. Attorneys working with a tax firm have to deal with a variety of clients, including individuals, business entities, partnerships, and large companies. This means they will need to be familiar with the rules applicable to each one. You have to be sure you retain only the most qualified individuals to represent you before any audits or penalties take place.
Many attorneys find themselves with clients who are struggling with back taxes, penalty assessments, and civil penalties. Representing these clients can be emotionally draining and stressful. Representing them while they struggle financially and emotionally can be difficult as well. There is nothing worse than representing a client through a tough tax audit and having to make the case on their behalf. With a competent Denver tax attorney, you can rest assured you will be treated fairly and your interests will be protected.