Why You Need a Tax Attorney
The simplest definition of an attorney would be a person that has finished going through the full training in the legal profession and is licensed to practice and usually their work focuses on offering legal representation to clients, they also offer legal advice and finally they are certified to draft legal document. It is agreeable that the legal field is very wide and usually different people that are pursuing a career in law opt to specialize in different fields such as criminal law, tax law and other types of law.
It is the legal obligation of any company or individual to ensure that their taxes are filed on time in most of the countries and therefore failure to file taxes is a very grave offense. At times due to circumstances that could not be avoided a company may find themselves being on the wrong side of tax laws because they have not remitted their payments on time and therefore they are faced with legal penalties for not paying the taxes on time. When such happens the authorities that are responsible for collecting taxes usually come to such companies or even individuals and seek to exercise the repercussions of not paying taxes on time.
Tax laws are usually very strict and the penalties can be quite heavy on a person or even a company and therefore if an individual is to suffer the penalties they could be greatly inconvenienced. A company that is being faced by tax noncompliance charges or even a private individual should consider hiring the services of a tax lawyer who will be able to advise on some of the issues and also show the company or individual on how they can be able to get themselves out of the mess of tax noncompliance.
Depending on a case to case basis and the nature of taxes that have not been paid in time a good attorney can be able to get an amicable solution for a company and some of the solutions available usually include getting an agreement for the company to be allowed to pay their outstanding debt in installments as compared to having to pay the whole amount at once, they can also be able to negotiate for removal of the penalties that come with noncompliance which are usually in form of additional payments and finally depending on the nature of the tax noncompliance they could be able to negotiate for a waiver of the outstanding balance.
A company or individual that decides to move to court with the advice of a legal tax attorney will have an advantage when it comes to navigating through the tax laws because such an individual has proper understanding of the laws and can be able to make them work in the favor of the client. When hiring a tax attorney it is very important to consider one that has years of experience in the field and will be able to perform the duties to the expected level.