How much does a tax lawyer charge?
The cost of an attorney is determined by a variety of criteria, including geography, years of experience, tax law expertise, and workplace (such as a law firm versus a tax relief agency). The way they charge is also crucial in deciding your price; for a complex tax case, an hourly rate may be more expensive than a flat rate.
Tax attorneys that bill on an hourly basis will often charge between $200 and $400 per hour. Your total fee will be decided by the intricacy of your problem, the speed with which it is resolved, and whether ongoing services are required.
A standard tax audit, for example, may cost roughly $2,000 on average, whereas completing an Offer in Compromise may cost closer to $6,500. You might be able to get a free consultation with a tax attorney in your region (typically for around 15 minutes), or you could arrange a fast phone call to see if you’re compatible.
If your position allows it, working with a tax relief firm may be a more cost-effective solution. Many of these organizations charge small up-front costs to begin working on your tax situation—typically a few hundred dollars. However, depending on your situation, expenditures might quickly escalate, so seek a cost breakdown before proceeding.
While most organizations need a certain level of debt before accepting your case, some provide money-back guarantees. Free initial meetings are typical to see if a firm is a good fit for you and your individual needs.
Hiring a tax attorney is a significant expense. However, whether you have outstanding tax debt, wish to save money on taxes for your business, or just want to organize your estate in a tax-advantageous fashion, the appropriate tax attorney or tax relief agency may be well worth the investment.