| First of all, the question is do you really need a finance | | | | and failure to supply social security number. Some of |
| tax attorney? For most individuals that live off their | | | | these penalties are 5% of the tax dues but there are |
| pay check without any investments or other taxable | | | | also penalties of up to $500. Of course criminal |
| income, there shouldn't be any need for one. For | | | | penalties could cost you a lot more than money, so it is |
| individuals that have complicated investment portfolios, | | | | worth having a finance tax attorney advise you and |
| rental properties, home based businesses, or other | | | | steer you clear of having to pay these civil penalties or |
| types of income, then you probably should consider | | | | having to go to court. |
| hiring one. If you are the legal representative of a | | | | They can also help you with a penalty abatement |
| company then you will obviously need a good finance | | | | which will enable you to recover or remove tax |
| tax attorney. | | | | penalties or interests. Also, if you owe back taxes and |
| A finance tax attorney must have a comprehensive | | | | you can't pay your tax debt then they can help you |
| knowledge about tax laws. They have to be able to | | | | with an offer-in-compromise, if you are entitled to one. |
| give the correct tax advice to people, as well as | | | | You may be able to settle your tax debt for a fraction |
| representing their clients in court for civil or criminal | | | | of the amount due. |
| lawsuits. They are also experts in tax planning that can | | | | Criminal Tax Penalties |
| help you plan your finances so that you pay the legal | | | | If you find yourself facing criminal penalties and a court |
| minimum amount of taxes. | | | | case, then it is definitely time to find a good finance tax |
| IRS Tax Penalties | | | | attorney. They will be responsible for putting up |
| One good reason to hire a tax attorney is to help you | | | | negotiations with the IRS and defending their clients for |
| avoid the many IRS tax penalties. There are so many | | | | the duration of the criminal case proceedings. If you |
| possible tax penalties; many people don't know about | | | | are found guilty, then it is their task to try and get a |
| most of them but they can land you with civil or | | | | reduction of the tax penalty or a possible court |
| criminal penalties. In fact, without the help from a tax | | | | settlement. |
| attorney your tax debt could double in as little as 4 | | | | As you can appreciate, tax evasion or fraud is a |
| years due to penalties and interests. | | | | serious matter, so don't think that a tax accountant or |
| Some of the civil penalties are filing late, failure to pay, | | | | a tax advisor will help you. You will need to find a |
| underpaying your taxes due to negligence, | | | | reputable and competent finance tax attorney instead. |
| understatement of income tax, filing a frivolous return, | | | | |