Reasons You Might Need To Consult A Tax Attorney

Within the field of law, there are many avenues to which one can specialize their practice, including family law, criminal defense, entertainment, and personal injury. When it comes to legal matters regarding businesses — and taxes, in particular — there are special tax attorneys you can turn to for help. Although you might not see them dramatized in an episode of "Law & Order," having a tax attorney in your corner when you need them could save you much turmoil and headaches. 

Tax attorneys focus their knowledge and efforts on specializing in tax laws and codes at the local, state, and federal levels. An in-demand field, tax attorneys work year-round in their efforts, as tax law is ever-changing, especially with regard to economic ups and downs and the ebb and flow of political policy changes.

As opposed to the stress and emotional toll that a field like criminal law or family law may bring with it, tax law — with its varied experience in both business and accounting principles — can be a fulfilling and lucrative practice that's needed within a wide range of organizations. Let's see what the role of a tax attorney entails and when you might need their assistance.

Tax attorneys help individuals take care of matters regarding personal or business taxes. They have specialized knowledge of tax laws and would be your representative in a court of law or as a liaison between you and the Internal Revenue Service. A tax attorney would have the legal know-how that would come in handy with conversations with the IRS and be able to further help without the risk of intimidation or being lost in legal jargon. If the matter is about unpaid taxes, a tax attorney can help you to protect your assets if a situation arises where you have your income garnished.

However, an attorney can be further beneficial in ways that are not limited to just aiding in tax-related legal disputes. A good tax attorney can also help their clients with more focused advice regarding wills, living trusts, and estate planning. For example, they can map out how to properly take care of your money and assets when you die so that those you've named in your will are not burdened by expensive tax obligations. In a business capacity, tax attorneys can also help with the finer details regarding company mergers or takeovers, as well as the purchase of real estate or other property so that your business's financial affairs and tax allocations are all in order and by the book.