Although a back taxes attorney has the power to prepare tax returns for you, they have the ability to do more than your average tax accountant can do. This is especially the case if you have various financial planning and estate planning problems that could potentially cause many tax consequences that are hard to deal with. Back taxes attorneys have been accepted by the state bar association and have obtained the proper training at a law school. By using their knowledge of law and tax codes, they can help you pay the smallest amount of taxes possible.
If you do not pay the amount of taxes that you owe, the IRS has the power to take your wages in order to get back the money that is owed to them. However, this might hurt your financial situation even more. This is when a back taxes attorney is required. When you already owe taxes to the IRS and you file late, you will need help from an attorney in order to properly deal with the late filing penalty, the amount of money that you owe and the amount of interest that the IRS charges. In addition, if you do not file a return, there is a high chance that the... ...read full post