Why Hire a Prescott Tax Lawyer
Reasons You Should Seek Professional, Legal Help
If you are a business owner or own many taxable assets, hiring a
tax law attorney to handle your matters is in your best interest. Many people attempt to
handle their taxes themselves, but when the margin for error is slim and
risk of an IRS audit high, you don’t want to allow the possibility
of a mistake. Our Prescott tax law attorney at
Carman Law Firm shares some reasons why you should let a professional handle your complicated
Five reasons you should hire a tax law attorney:
Tax law is complex. Tax law is a complicated and technical legal field. A lawyer understands
the subtle differences between state and local taxes and how they impact
a business. If you own a business located in Arizona but your business
is conducted mostly in Nevada, how do you calculate your taxes? A professional
can determine the answer.
You can save money. Deductions are an important money saver that no business owner should
miss out on. New equipment, travel costs, and other businesses expenses
can add up. Without a professional’s eye, you could be missing out
on thousands of dollars back in deductibles.
Your time is valuable. As a business owner, your job shouldn’t be about spending hours
and hours on tax legalities and fine print. Treasury Regulations and The
Internal Revenue Code together fill about 1,700 pages of legal explanations
and long-winded answers. By hiring a tax law lawyer, he or she can be
left to go through the paperwork, and you can focus on your other affairs.
Employee taxes can be an issue. When dealing with employee taxes, it is vital to understand the details
in order to avoid an audit from the IRS. For example, which of your “employees”
is an actual employee versus an independent contractor? Or what about
you—are you an employee, employer, or both? You may find the distinctions
confusing, but a tax lawyer won’t.
The IRS expect you to know better. Unfortunately, tax law changes frequently and not knowing these regulation
changes can negatively impact your life. When the IRS comes knocking on
your door, you will not be able to say “I didn’t know any
better” and just hope the problem will go away. Hiring a tax attorney
can help cut the risk of this ever happening.
If you are ready to let a Prescott tax attorney handle your tax affairs,
contact Carman Law Firm today at (928) 255-0943.