When small business owners and individuals get agitated with their taxes, they often seek out tax attorneys to help them resolve the problems with IRS or their respective local authorities.
With years of specialized training and experience working with similar clients, tax attorneys are well-equipped with the knowledge to handle many problems but they can’t make all of your problems go away. However, if you spend enough time finding the right attorney for yourself/your business they can help you with most of your problems. That said, it’s imperative that you set realistic goals with them from the start and follow their instructions down to the letter if you want to succeed.
Let’s take a look at some of the things you should and shouldn’t expect when hiring a tax attorney to take care of your problems.
What they can do
When you have spent time and selected a tax lawyer for yourself, you can expect a set of things from them.
For starters, you might not have enough financial knowledge and you could get flustered with all the financial documents. Tax lawyers melbourne can help you understand all of that and establish where you stand with your finances. In many cases local authorities send multiple correspondences further confusing you, tax attorneys can take a look at all of them and help you understand the situation.
Once you have the attorney on your retainer, it is their job to handle all of the communication with the local authorities. If unfortunately, you are being audited, you can give the power of attorney to your lawyer and they can represent you in all the meetings.
While a tax attorney can resolve your past and present tax problems, they can also set you on the path to success so that these problems don’t occur again.
What they can’t do
Now that we have a good basic idea as to what a tax attorney can do for you, you need to understand what they can’t.
First and foremost, while they are here to advise and help with your tax problems, they cannot be expected to pay your taxes for you. You have to do that yourself.
Once you have hired an attorney for yourself or your business, all of your communication becomes very confidential and they cannot be expected to testify against you.
Most importantly, if they have formulated a plan for you to avoid problems, they can continue to advise but they cannot step in and implement the plan for you.
It is very important that you understand what a tax attorney can and cannot do for you before hiring anyone. It will set up realistic expectations from the start and avoid major issues when working together.