Why would you need to hire a tax lawyer? The mere fact that this question is on your mind is a good indication you should consider it. Taxes are a complicated subject. And if you make a mistake, the IRS isn’t very forgiving. That’s when an attorney comes into play, and here are the top reasons you may need to get one:
You Received an Audit Letter
There’s nothing more heart-stopping than opening an IRS audit letter. Of course, you may agree with the department’s findings. But if you don’t, you have the right to appeal their decision. If you go this route, it’s best to have a lawyer represent you.
You Can’t Afford Your Taxes
Do you owe the IRS more than you can pay? If you’re facing financial difficulties, you may qualify for an offer in compromise. But settling your tax debt for less than you owe is tricky. You’ll want to hire a lawyer to guide you through the process.
You’re Drowning in Penalties
The IRS loves to tack on huge penalties. Unfortunately, these penalties add up quickly. A tax attorney might be able to mitigate these fees through a process known as an abatement. Reducing your penalties will make it easier to repay your debt.
Your Taxes Got Complicated
You don’t have to wait until the IRS comes knocking to retain a tax attorney. Tax laws are constantly changing. There are new regulations each year, and knowing which forms you need can become a nightmare. A qualified lawyer will review your tax situation and make sure you file everything correctly.
Are you in hot water with the IRS? Navigating tax legalities alone is challenging, and it’s always better to seek help. Contact McCutchen McLean to connect with a knowledgeable tax lawyer.