When the Stakes Get High: 3 Signs You Need a Tax Attorney

Every single year, every business goes through the same laborious process of having to sort out and pay their taxes. Whether you’re a sole trader, or a global entity, you need to go through the steps of making sure everything is as perfect as possible to avoid getting in trouble and ultimately facing a hefty fine if it’s wrong.

However, even if you have a team of accountants and EAs, etc. behind you, one of the most underlooked people you may need to enlist to your cause is a tax attorney to help you resolve any legal issues or problems you may be facing. The question remains, however, when is the best time to call them in to sort things out while remaining cost-effective?

Today, we’re going to explore the three signs you need to be mindful of!

  1. Your Business Faces Criminal Charges

If, for whatever reason, your business has found itself facing prosecutions and criminal charges, this means it’s time to get yourself a tax attorney on your side. This is especially important if you’re facing tax-related fraud charges or problems. Even if you haven’t done anything wrong intentionally, the process can be very complicated, and you’ll want a professional by your side to help you make the right decisions and so you do everything correctly and by the book.

  1. You’re Facing an Audit

If you find yourself in a situation where you’re facing an audit by the IRS, this is a sure sign that you need to hire a tax attorney. It doesn’t matter whether you’re on your taxes and pedantic about every detail, or you’re rather relaxed with them, getting that letter through the post is going to send shivers all over your body; and not in a good way.

However, since tax audit check points measure in at 74,000 pages, it’s probably happening for a good reason. With a tax attorney by your side, you can be represented professionally in court and can be guided through the process, so you know what’s going on, and your questions are answered by finding tax attorneys who can help you beat your IRS nightmare.

  1. You’re Unable to Pay Tax Debt

If you ever find yourself in the position where you can’t pay your tax debt, perhaps because you’ve understated your income, or you own the tax office money that you simply don’t have, you need to make sure you invest in the assistance of a tax attorney, or you’ll find that things can go wrong very quickly.

This is because you’ll need to make sure you’re going through the payment process in the right way, filling out the right paperwork at the right time, and that you’re addressing the issues you’re facing, rather than hiding from them, and ignoring them and hoping they go away. Get the help you need to make things right.

Summary

As you can see, there are some very clear signs you need to remember when it comes to handling the tax aspect of your business. By addressing these problems early on, you can get them resolved so they won’t bother you anymore, rather than letting them build up and potentially destroy your business.

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