If there is one thing that’s inevitable in life, it’s taxes. Whether you are a business or an individual, you have to think about paying taxes and ensuring that you have the right paperwork every single year. One mistake can put you into some serious hot water and the last thing that you want to deal with is difficulty with the IRS.

When you put your taxes through with the help of a tax attorney, however, you could be looking at an IRS offer in compromise for a refund. With the help of a trained and experienced professional, you can be guided through the process of putting money into your taxes. You can ensure that you have a trained tax attorney on your side so that you can navigate the process with ease. It’s scary to get a letter from the IRS telling you that you owe them some money, but there are ways through it without ending up with a massive tax bill you really can’t pay.

Did you know that there is a statute of limitations on owed taxes? The agency has a decade to collect it from you before it runs out and you can bet that you’ll hear from them! You might not even know that you have an owed balance, though, and it’s one of the most common problems among taxpayers. You want to know that your tax preparer is making the right moves on your account so that you don’t end up owing the IRS anything this year. So, why would you need a tax attorney?

1. If you plan to start a business, which is extremely exciting, you need to have more than just a good idea. You need people around you who are able to get you through the set up and running of your business. You need to be able to rely on the opinions of experts around you, from your IT manager to your tax attorney. You have to decide how you want to set up your business and an experienced tax attorney will be able to help you to specialize properly. You can then find the best business type for you so that you can save on your taxes.
2. When you are being audited – whether as a business or as an individual, you need a tax attorney by your side to ensure that you make the best possible investment. They have handled the IRS before, and they know how to ensure that you pay less than you owe. They can do this with you, helping you to organize things like a tax penalty abatement for any first-time tax offenses, too.
3. Are you facing any criminal charges for hiding your income? Well, a tax attorney will help you out. You could face jail time for tax fraud, so getting the best person on your side to ensure that you aren’t going to be facing that alone is important. You can avoid extreme measures when you work your taxes with the experts.