Even if how much you want to stay clear of the IRS, there are still times when unusual situations arise regarding your tax returns. Sometimes, because of your carelessness, you submitted wrong computations or forgot to declare your total assets. Because of this, IRS might put you into questioning and you will be at loss as to what to do. Because of the tedious process of dealing with this organization, you’re likely to need the services of a tax attorney. There is no one that knows taxes and the law better than they do.
Here are 3 reasons why you should be hiring them.
Even if you think that your taxes are correct, the process of audit can be stressful, not to mention difficult. A tax attorney can help you in making the audit free from any error as much as possible. Prevention is always better than cure; this is very true when filling for tax return.
It is a nightmarish experience once you receive a notice of tax audit. You’ll get very anxious of how to get away paying penalties because of your errors. An attorney can also negotiate on your behalf if you’re found to owe taxes.
2) CP Notices
A CP notice is a computer-generated notice from the IRS, which usually means that you owe a balance to the government. If you don’t know much about it, CP notice is hard to interpret. When you cannot figure out what the notice says or disagree with the balance, a tax attorney can help you analyze what the CP says and how to deal about it.
3) Criminal charges
Tax evasion is hard to contest. When you receive a notice of IRS Summons, you should immediately hire an attorney who specializes in tax laws. The penalty for tax evasion can be steep and even include jail time. An attorney is your best chance of avoiding fines and jail time. He can help you clarify your case to the authorities by letting them understand that your errors are not intentional or that you are not willfully hiding anything from the government. Depending on the severity of the case, a tax attorney can get you out of trouble completely or can lessen the penalty to absolute minimum.
4) Missing Returns
Even if you don’t intend to miss out any tax return, sometimes it just happens especially if you are in a hurry. If you found out that you need to file more tax returns, you need a tax attorney to help you do it. The process of filling additional tax return may not be easy. IRS might question you as to why these returns didn’t make it to their correlating years. This is when your tax attorney can be extremely helpful. He can explain the situation and can even give you the chance to file and pay those missing returns before you put yourself in deeper trouble.