Do you think it's necessary for you to hire a tax attorney? A lot depends on your situation. Of course, you may need a tax attorney if you have gotten into any kind of a dispute with the IRS. But many businesses have a tax attorney on retainer so that they or their accountant can receive specialist advice on tax law whenever necessary. Doing so can save them money spent on mistakes and they can also make sure their company is set up the right way.
Most individuals that hire a tax attorney do so because they are under investigation by the IRS. When this happens, it is vital to understand the laws, and to see where you have gone wrong. All your questions can find an answer if you ask a good tax attorney.
In the event that you are being accused of tax fraud, you will need a good lawyer to take your case and defend you. Because you will probably end up in court, you need to hire an attorney that has experience in this type of case. You could plea bargain, or your attorney might even precedents that he can use in his defense strategy. An attorney who's not specialized in tax law might find himself grasping for straws.
However, there are not many fraud cases, and the majority of people who get investigated have not intentionally done anything. A lot of people think that they should not need a lawyer if they have done nothing wrong. In some cases it is true, but it is also true that sometimes people make mistakes because they do not know laws. A tax attorney can talk to you about things you do that could potentially be considered risky.
There are also situations where a private individual wants to dispute a ruling by the IRS. In that case, the attorney would deal with the IRS on your behalf to resolve the dispute. It would also apply to suing the IRS In that case you would certainly need a qualified attorney. The IRS have a huge number of lawyers on the payroll whose only job is to study and apply tax law. Your attorney needs to be ready to deal with them.
As we already discussed, some companies hire attorney from the birth of the business, especially when it is time to set up the company. This way they will know their business is structured to satisfy tax laws. You might want to act along the same lines, even if you are an individual setting up a trust.
If your business or financial interests span international borders, you may benefit from tax advice. International taxation can get very hairy. If you don't know how to set things right, you might end up paying taxes to two jurisdictions, when you only need to pay them once. It doesn't happen in all countries, but in some it does. And, you may not be required to pay any taxes in some other countries.
Besides this, you will find that the level of taxation varies widely in different countries. International firms need to be sure that their company is structured in a way that will allow them to pay the least amount of taxes possible. This is a complex situation and you will want an international tax attorney to help you through the maze.
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