Considering that there are CPAs, tax preparers, bookkeepers and accountants, why would a person need to hire a tax attorney rather than another tax professional? A Louisville Kentucky tax attorney’s help may be required if someone is facing a complicated tax situation that is beyond the scope of other tax professionals because of the legal issues involved. The following are some circumstances when you would need to hire a tax attorney in Louisville Kentucky.
If you are buying or selling a business, you will need an attorney trained and skilled in Federal and State Taxation.
Of course, a tax dispute in the form of an IRS audit for one or many past tax returns would require you to immediately hire a tax attorney who could communicate with the IRS on your behalf, represent you during the audit, assist you in documenting your case and negotiating a settlement, and possibly you may need help to avoid criminal charges. If you are a party to some type of transaction that has significant tax implications, you may want to find a tax attorney to prepare a tax opinion letter. These types of opinion letters are often used to justify and support a tax position, avoid an audit or complications stemming from a tax minimization strategy, and avoid possible negligence or fraud penalties, which may involve financial as well as prison time.
These are just a few examples, but there may be many other situations where you may require professional legal assistance to guide you through the notoriously complicated and frustrating tax system. If you have tax questions relating to your business or a personal stock portfolio for example, you may wish to seek out an experienced tax attorney to answer your questions.