How to Find the Best Tax Attorney: Your Complete Guide
As a business owner, you’ll face a ton of challenges. One of the most common challenges is a lack of knowledge regarding filing taxes and managing finances.
This definitely isn’t something you want to wing or try and teach yourself. Your business can face serious penalties if you’re not filing your taxes in the correct way. That’s why it’s best to hire an attorney.
Read on to learn more about the other benefits of hiring an attorney to help you with your taxes. You’ll also learn what you ought to look for when you’re searching for the best tax attorney.
Why Hire a Tax Attorney?
Tax attorneys can provide you and your business with a lot of great benefits. The following are some of the main reasons why business owners choose to invest in the help of a tax attorney:
Understand the Tax Code
As a business owner, you have a lot on your plate at all times. There’s a good chance you don’t have several spare hours a week to dedicate to learning the U.S. tax code — nevermind the fact that it also changes on a regular basis.
If you’re not a tax expert, you need to have someone on your team who is. Tax attorneys have in-depth knowledge of the U.S. tax code and are paid to keep up with any changes that happen to it.
A tax attorney can help to protect your business from audits, intimidation, and potential abuse from the IRS.
If you want to have someone on your side who knows the law and knows what is and is not permissible, it’s best to hire a tax attorney.
Having one on your payroll can help to give you peace of mind if nothing else.
Get Help Filing Returns
Oh, taxes. They have to be filed every year, yet they always seem to take us by surprise.
If you aren’t looking forward to filing your tax returns as a business owner, why not bring on a tax attorney who can help with the process? They can work with your accountant to ensure everything gets filed in the correct way and submitted on time.
Protect Income and Assets
A tax attorney will ensure you don’t pay more than you should to the IRS each year.
They can also help to protect you from tax penalties and ensure that as much of your business’s revenue as possible remains in your business.
In the event that you do owe the IRS more than you can pay, a tax attorney will also help you set up installment plans and minimize the damage.
It’s also helpful to have a tax attorney on your team for help dealing with other lawyers or with representatives from the IRS. Your attorney can communicate with these individuals on your behalf and ensure you don’t accidentally say anything that could get you into trouble later on.
Tips for Hiring a Tax Attorney
If any of those benefits sound appealing to you, you definitely ought to look into hiring a tax attorney for your business. Of course, you also need to make sure you’re hiring the right person for the job.
Here are some tips that will help you vet potential candidates and find the right attorney for your business:
Ask for Recommendations
If you have no idea where to begin when it comes to hiring a tax attorney, reach out to others in your professional network.
Your accountant might be able to recommend someone, for example. The same might be true for other lawyers you’ve worked with in the past.
Consider Their Qualifications
Once you have a list of a few candidates, dig a little deeper to learn more about them. Find out where they went to school, when they graduated, and how long they’ve been practicing.
Run Your Own Background Check
Check with your state’s bar association to ensure the attorney you’re considering is in good standing. Your state’s bar association can let you know if there are any complaints against this attorney or if their license has lapsed or is suspended for some reason.
Find Out About Professional Affiliations
This isn’t necessarily a requirement. However, it can be helpful to have an attorney on your side who is affiliated with professional organizations like the National Association of Tax Professionals.
This shows a dedication to staying informed about the latest tax code changes. It can also be a sign that they have professional connections that could come in handy in the future.
Avoid Impatient Attorneys
Steer clear of attorneys who try to pressure you into working with them and signing a contract on the same day you meet them. They should be willing to let you take your time and consider all your options before making a decision.
Be Wary of Sales Gimmicks
Be wary of attorneys who use gimmicks to try and make themselves more appealing. Your attorney cannot guarantee a specific outcome, for example. Steer clear of these people and work with ones who are honest from the very beginning.
Schedule a Consultation
You can learn a lot about an attorney by scheduling a consultation with them. Pay attention to the way they behave during the meeting and the general vibe you get from them.
Consider the customer service you receive when you call to set up the appointment, too. Is it easy for you to geta hold of someone? Are you treated in a polite and professional manner?
Silver Tax Group also recommends working with an attorney that has people available to help on a 24-7 basis. That way, you’ll have peace of mind knowing help is always a phone call away.
Find the Best Tax Attorney Today
A tax attorney can be an invaluable addition to your business. The key, though, is to make sure you’re working with the best one.
Keep the tips listed in this article in mind as you begin your search for the best tax attorney and you’ll have a much easier time finding someone who meets your specific needs.
If you’re ready to start looking for a tax attorney, don’t forget to try our free search tool, too. It helps you to find qualified, credible tax attorneys (and other types of attorneys) in your area.