How to Select a Tax Attorney
Choosing a tax attorney should be done with caution. Here are some strategies for increasing your chances of hiring the appropriate person:
Examine your circumstance. Knowing what you need a tax attorney to do is essential before choosing one. Do you want to lower the tax burden on your small business each year or create a tax-advantaged estate plan for your family? Or if you owe the IRS a large sum of money but are unable to pay it? You’ll want to hire a tax attorney who specializes in your area of need.
Understand your financial situation. Each tax attorney, legal firm, or tax relief organization will have its own price, which might vary greatly. It’s critical to grasp the complexities of your position as well as the cost of the attorney(s) you’re contemplating, as the price can vary greatly.
Inquire about how they bill for services. Some tax relief organizations provide tax services at a set rate. Other tax lawyers may charge by the hour. There is no right or wrong answer, but it is crucial to understand what you’re getting into and what kind of service you can anticipate for the price.
Determine whether a retainer is required. Before services can begin, many attorneys require an upfront retainer, with any remaining balance repaid afterwards. Find out what payment options your tax attorney provides and whether you can afford to retain their services.
Inquire around. Finding a tax attorney who matches your goals, fits within your budget, and comes with reliable references may be difficult, but it’s worth a shot. When looking for a new tax attorney or agency, check out review sites (Google, Yelp, etc.) and ask friends, extended family, or colleagues. They may recommend names or warn you about people to avoid.
Do your homework. Once you’ve narrowed down your list of potential tax attorneys, look into any formal complaints filed against them in your state. You may usually do this by going to your state’s bar website and searching for an attorney’s discipline records by name.