Things To Consider While Choosing A Tax Attorney
Whether you are a businessman or an individual, you have to balance your finance, pay all your taxes regularly, and avoid penalties as well as late payments. At times, there could be significant disputes with the tax bureau or IRS. Under such circumstances, hiring a tax attorney from a reputed organization could help you to reduce the amount that is due. In addition, such a step also benefits you by helping you save huge amount of money as well as time. However, to choose an expert tax attorney who is specialized in this field, you need a little knowledge about the field, and do some homework.
Things to Consider While Choosing a Tax Lawyers in New York
Expertise: It is better to evaluate qualifications and expertise before hiring a tax attorney. You should ensure that the attorney you are proposing to hire is specialized in tax laws and is able to give you a proper understanding of all your tax related issues.
Experience: Irrespective of the expertise in tax law , your tax attorney must have relevant experience in the field. It is the experience that makes the attorney deal with various law officials and understand the best possibilities to save your tax penalties.
Feedback: Have enough feedback about the tax attorney or the organization to which he or she belongs. Look for reviews and enquire among your friends and/or acquaintances who have had their work done by them.
Rates: It is always good to understand the fees. There some attorneys who charge fixed rate while others ask you to pay based on the number of services offered. Some of the tax attorneys may also charge by the hour. Most often, there is a contingent fee that is charged, which is based on the recovery amount secured by the attorney. There could be other associated costs too, such as telephone bills, court costs, filing fees, etc., all of which should be made clear at the onset.
In essence, a tax attorney takes care of not only the tax penalties, but also provides you with bankruptcy advice, abate penalties, offshore voluntary disclosure, end payroll issues, and much more. So, do your homework well to make an informed choice.