A Tax Attorney is one who deals with tax related issues. Tax law or simply revenue law is a discipline of law where official or unofficial authorities, including state, national and local governments employ a body of legislation and rules to compute and collect taxes from individuals or entities in a legal framework. In United States, tax law was imposed by the legislative body called the Internal Revenue Service (IRS). The IRS is responsible for implementing federal tax laws, collecting payments, collecting tax debt, implementing the tax regulations, public funding for tax programs, collecting the interest and penalty on back taxes, and distributing the revenue collected. Since the IRS is a government owned and funded institution, all laws enacted by the IRS are legislative law, not judicial law.
In any case, tax attorneys provide representation and legal advice to individuals or companies who have a tax issue. Tax attorneys also serve as legal advisors to businesses and organizations on matters related to internal control systems, management information systems, acquisitions, mergers, divestitures and licensing. They also provide representation to individuals who might need professional indemnity for any taxation issue. For instance, if you have been accused of tax fraud, you might need representation by a tax lawyer to make sure that your rights are protected.
A tax attorney can help you make sense of a complex tax issue and negotiate an audit with the IRS. Audits are often time consuming and confusing. A qualified Colorado Springs tax attorney can protect your interests during an audit and also guide you through the audit process. It is common for many taxpayers to become intimidated by the complex audit procedure and so hiring a competent tax attorney can be extremely helpful.
A tax attorney can represent you in situations that involve serious tax matters such as, underpayments, fraudulent deductions, payroll errors, bankruptcies, nonpayment of delinquent taxes, interests arising out of federal tax investigations and issues with the IRS. When you owe delinquent taxes or other money, a lawyer can negotiate with the IRS in order to get you the best possible settlement. In cases of bankruptcy, a lawyer can secure your discharge from liability. He can also advise you on the pros and cons of seeking debt relief and on how to avoid future problems with the IRS. In cases involving back taxes, a tax lawyer can work with you to ensure that you get the best possible resolution.
If you owe delinquent taxes or other financial debts, you may be able to resolve them by making an Offer in Compromise (OIC); however, there are times when the IRS will not accept an OIC; in these instances, a tax lawyer can help you file a federal tax debt resolution form. This form will allow you to explain the circumstances behind your financial hardship and state the terms of a one or more compromise agreements. If accepted, these agreements will result in an installment agreement between you and the IRS where you pay an agreed upon amount of money to settle your tax liability.
Tax attorneys also offer advice on filing federal and state taxes. They can assist with the complicated issues of the forms needed and can answer any questions that you may have. There are tax lawyers who work solely with individuals and couples, while others work on contingency fees, taking cases when they are actively representing a client. Some work exclusively with businesses while some act as advisers to large corporations and other groups. The services of tax lawyers can help keep you on the straight and narrow when it comes to paying taxes so that you can get on with your life.