Tax Representation- What Is It And Why Should I Seek It?

By Mary Burns


Levy representation isn't only necessary if the IRS is trying to knock down your door. There are many instances when an attorney can greatly benefit you and help you through a difficult or complex situation. From audits to international business to complex deductions, finding quality levy agent can help save you money and in some cases, even keep you out of jail. Below are some instances when you need to have a tax representation by an enrolled agent.

A levy attorney, sometimes called a levy debt lawyer, is skilled in legal matters that deal with taxes. If you're going through the courts to handle a levy matter, this is your primary option. Levy lawyers are top draw for handling large estates, arbitration, legal investigations, and other such matters. Some forms of appeals or criminal investigations can only be handled by levy debt attorneys.

Having an attorney at your side can help speed up and smooth out the audit process so you can focus on leading your day-to-day life. Remember that you got yourself into this situation in the first place, so do you really trust yourself to dig out on your own?

Deductions; if this is your first complex levy return, or you have greatly increased the amount of deductions you have, levy agency may be the best route to go to ensure you get your full entitlement. Many people have fairly straightforward levy returns with few deductions, exemptions, and other complexities.

However, as you move up in your career or even open your own business, you may notice these are becoming increasingly complicated. Making a mistake can also cost you a substantial portion of a refund, or worse-an audit. Enrolled agents help you avoid some mistakes that could otherwise cost you a fortune.

Representation is also critical in International dealings and transactions. Have money in foreign banks or work overseas extensively? Maybe you own multiple properties or assets in different countries? When you start dealing with foreign issues you need qualified levy professionals on your side. Your income and assets may be taxable in several different areas and you could get slammed for paying quite a bit if you aren't cautious. Choose an attorney who has international experience and understands other country's laws and regulations from the inside out.

Do you have fraud issues or are under Investigation? Okay, nobody is perfect, and sometimes people get caught for cheating on their levies. Even worse than an audit, if you are under investigation or accused of levy fraud you will need a tax attorney to help you through the process. Choose someone with many years of experience and who understands your position. Remember that even if you admit guilt, an attorney can help you reduce sentencing and fines. Investigations are serious business and shouldn't be taken lightly.

Enrolled agents must also complete continuing education requirements like CPAs, allowing them to stay current on changing IRS rules. Since Enrolled Agents work with levy resolution day-to-day, they often provide services with up front quotes or even fixed fees.




About the Author:



Aucun commentaire:

Enregistrer un commentaire