Taxes and income tax laws have been into existence for a long period of time. Gradually, these laws have become more complex. Its not a childs play to understand these laws. Income tax laws are just not complex, but are also written in a manner that it takes a toll over an individual to grasp them.
Every individual with an income over a certain minimum limit is liable a pay a tax. Many people are not aware of the income tax laws. Senior citizens may not be aware of the special benefits accrued to them through exemptions. Similarly, self-employed people like freelancers, contractors, and consultants may not be aware that they need to pay a self-employment tax along with their regular income tax, so on and so forth.
Since, the income tax laws are complex in nature, one needs an expert to guide them through the process of filing the return and paying the tax. These experts are the tax attorneys who ensure that an individual remains on the right side of the law even while taking full advantage of the exemptions and credits due to them.
Income tax attorneys advise on how much income is taxable and how to calculate standard deductions and any rebates that are available to a person paying tax. Also, in case of criminal proceedings for income tax evasion or fraud, they fight on behalf of their clients. They often reach a compromise out of court. Laws like "innocent spouse" allow the husband or wife of the charged party to be given some relief. Income tax attorneys take advantage of such laws to work out the best possible deal for their client.
Roles Responsibilities of Tax Attorneys
A tax attorney is an expert who is trained to provide legal assistance to an individual or an organization in context to matters that involve tax payment reduction and court trials concerning tax cases. They possess strong knowledge of tax laws and issues including income, property, gift and federal tax. They stay up-to-date with IRS regulations and tax laws in order to counsel clients on changes that affect their accounts. Following are the responsibilities of a tax attorney:-
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