The IRS is the Internal Revenue Service which is the U.S. government agency responsible for the administration and enforcement of the revenue laws of the Treasury Department. Or to be more specific the IRS is the part of the Treasury Department that is assigned with the duty of collecting income tax from working residents and business establishments.
Although there are several other tax professionals (CPA’s, accountants, enrolled agents, non-tax attorneys) who are able to help taxpayers with questions relating to tax, they are not as specialized as a Tax Attorney which can prove indispensable when trying to effectively prevent tax over payments. It is here the tax attorney really earns his fees. He can do things an accountant cannot. A skilled tax attorney will have knowledge of a statute and be able to guide and interpret it in such a way that will both be legal and will also save you money. He will understand its legislative history and should be familiar with the Treasury regulations and IRS rulings on that statute. He should also be up to date on court ruling and working procedure of the IRS as well as enjoying comfortable working relations with individuals within local offices; this in itself can help to clear up misunderstanding and cut through bundles of red tape quicker than anything else.
If you are wondering when the best time is to hire a Tax Attorney then it is simple Tax related problems can often be avoided with the guidance of a proficient tax lawyer who can be maintained with a monthly retainer. This can often work out less expensive than having to get a Tax Attorney to get you out of a hole that you have either fallen into blindly and unwittingly or have wilfully neglected to accurately count your taxes in a way that the IRS would call honest and fair. If you get the Tax Attorney on a retainer, he or she will then act in the capacity of an advisor, and you can be sure of a settled account every year without the prospect of the IRS coming down on you hard. Working together with your accountant, the tax lawyer, should ensure that your affairs remain compliant.
A Tax Attorney will represent your interests and safeguards your rights should you become involved in tax disputes. However, if you are already facing issues with the IRS then the tax attorney can assist you by dealing with your on going problems. Tax Attorneys are also the best people to negotiate debt relief with the removal of liens and levies. They are also able to arbitrate, reductions of penalties or interest. They would handle all negotiations with the IRS or government on your behalf. IRS tax attorneys are normally accredited lawyers who have been trained to focus on domestic or international taxation. This can again be done on the basis of the Tax Attorney dealing with people with whom they share a common language unlike the rest of us who can often see the taxman as a villain or a heartless official that is out to get us what ever way he can..
