Taxes can be complex and confusing at times. Even the slightest mistake when filing returns can cost you a lot. This has been contributed by the ever-changing tax laws that seek to tighten the tax process more. As a result of that, many businesses end up making either intentional or unintentional mistakes that draw the attention of the IRS. Once that happens, there is only one place you should run to in order to salvage the situation. Hiring an OC tax lawyer will greatly help address the issue of tax and save your business or company.
That said, below are reasons you might need an experienced tax lawyer
Starting a business
Are you planning to start your own business? If yes, then starting a business takes into consideration many factors apart from the startup capital. You need OC tax lawyer to help you understand the tax requirement for a business. For instance, the lawyer will recommend the type of tax that is applicable to your business whether a partnership or corporate business.
If you plan to start a company with employees, then a tax lawyer will guide you on issues related to withholding taxes and more. This is crucial for any business else you will find yourself on the wrong side of the law.
IRS Audit
An IRS audit means trouble to most people. Once the audit process is complete, its advisable to get a good tax lawyer with immediate effect. The attorney will stand on your behalf while dealing with the IRS. The tax lawyer will also guide you through the audit process and explain the possible outcome of the report. This will entail the attorney attending official hearings with the auditors and also court hearings in case of a lawsuit against your business.
By getting the help of OC tax lawyer, they will negotiate and reach a certain agreement with the officials. This way, you will avoid serious actions that may be taken against you in the event you are found guilty of tax evasion.
Estate planning
There are many aspects involved in the estate planning process. For instance, you must get a good formula for transferring peppery and assists to your beloved ones. Here, you will require the services of a qualified tax lawyer. The attorney will help reduce the tax implications that come along with property transfer. A lawyer can also help you document the required paperwork whether you plan to write a will or place your property under a trust.
For more information on IRS tax services, visit our website octaxrelief.com.