Can a tax lawyer help reduce IRS liability? How?
Thursday, July 16th, 2009 at
5:41 am
Pretak099 asked:
Does using a lawyer actually work?
Does using a lawyer actually work?
Tagged with: Tax Help • Tax Lawyer • Tax Liability • Using A Lawyer
Filed under: Attorney FAQ
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no
you have to pay it ,,,,,,,,,,,
take it
Yes, a tax lawyer will reduce your IRS liability, predicated that they are knowledgeable regarding the current tax codes. While most people’s goal are to reduce the amount of taxes being paid, a tax attorney’s knowledge and expertise will ensure that you are filing correctly and minimize your exposure to penalties and fines due to errors and omissions.
Obviously your income level and complexity of your tax situation (business owner, high net worth estate, etc.) would determine how great a return on investment the the cost of retaining a tax attorney would provide.
Possibly. They might be aware of deductions or credits you can take that you’d otherwise miss. But probably not much if anything that any trained tax preparer or CPA wouldn’t catch.
The other area where they might help is if you owe back taxes – they might be able to negotiate a reduction, maybe less penalties, than you could yourself since they have more experience at it.