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Choosing The Right Tax Attorney

Saturday, December 26th, 2009

If you have decided to use the services of a tax lawyer, you need to know how to find a good tax attorney. Attorneys may be a general practitioner or a specialist. You need an attorney that specializes in tax law. Also, a good reputation and track record with former clients are important. The tax attorney should be in good standing with the IRS and any bar association.

Another consideration must be the attorney’s fee. Now, be aware that legal representation may not be cheap. However, with you attempting to remedy the tax situation yourself, the cost to you could be multiple. First, consider the cost. The actual attorney fee will vary depending on location, the nature and complexity of the case, the particular lawyer involved and the tax attorney’s hourly rate. So before you jump and choose a tax attorney that seems ideal, to prevent delay and disappointment, make sure that you can afford the representation.

Contact a few tax attorneys and ask about their fee schedule, find a payment arrangement that fits your situation. Most reputable tax attorneys will require a down payment for work performed, this is known in the industry as a “retainer”. The retainer amount will vary. Part of the retainer will be refunded if the total amount is not used.

Here are some common fee structures:

* Fixed or Flat Rate: This is an arrangement were specific legal services are covered by set fees.

* Hourly Rate: Very common. Fees will be assessed based on the time the tax attorney spends on your legal issues.

* Contingency Fee: Is a fixed percentage of the amount of recovery the tax lawyer is able to secure, which will serve as the attorney’s fee. However, there are other expenses such as court costs, filing fees, copies, phone charges and more that will be your responsibility.

A successful tax lawyer with a proven track record will likely have a background in tax law, either as a course of study or in service in the IRS. They will also probably have financial experience in some other field such as a Certified Public Accountant. If you have a tax issue involving the IRS, make sure that you choose a tax attorney that is licensed to represent clients before the IRS.

In choosing the right tax attorney you want to know if the tax attorney will handle your case personally or refer it out. How many cases has the tax lawyer or firm handled. What is the ratio of cases that went to trial to those that were settled and the outcomes of those cases. Ultimately, it is essential to choose a tax attorney that you can trust to represent your interest and bring relief to your tax issues.

Knowing About Types Of Tax Law Attorneys

Sunday, October 18th, 2009

Tax attorney jobs are available in the fields of business, income, property, estate, and international taxes. Apart from a proper degree in taxation law, experience is also crucial. While a majority of tax attorneys in the US have a private practice, some attorneys work as advisors and prosecutors on behalf of the government. If you’ve come to the conclusion that you need a tax law attorney to help with your current tax problems or for tax advice, then you’ll want to know what kind of tax law attorney you need.

The fact is that tax attorneys come in different shapes and sizes, and they also come with a range of skills and expertise. Choosing the right kind of tax law attorney to handle your case is important so you can not only save time and money but you can also have the peace of mind of knowing that you have chosen the best tax law attorney to represent you. In order to know the different types of tax law attorneys, you have to know the different types of taxation laws and tax problems and then find the tax law attorney with the greatest amount of knowledge, experience, and expertise in that particular field.

First of all there is the tax planning attorney. A tax planning attorney is an IRS tax law attorney that specializes in tax planning and will assist in reviewing and structuring your financial affairs in order to prevent the IRS from troubling you. Then there’s the tax controversy attorney. Such a tax law attorney is needed if you already have a pending case filed in court because this type of tax law attorney is experienced in the courtroom and he or she is used to defending clients.

The property tax law attorney is an attorney with expertise in property tax, and they are the ones to look for when you wish to renegotiate your property taxes with the IRS and ensure that you are paying the right amount.The bankruptcy tax law attorney specializes in handling bankruptcy cases. These types of attorney’s help their clients file for bankruptcy and ensure that all the information their clients provide about their finances is accurate and valid in order to achieve a positive outcome.

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