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Follow on Google News | Role of a Tax Attorney in securing your Financial Health1. You are filing a tax return: If you are planning to file a tax return for yourself or your business, it is always a good idea to contact a tax attorney. The tax attorneys specialize in tax laws and regulations and can provide you with the right information and amount of taxes that are due. Taxpayers should note that that tax laws and regulation change from one place to another and periodically. You want to save money in taxes legally: Apart from making sure that your tax return is error free and fully compliant with the local tax laws, a tax attorney may suggest concessions that you may avail. These can bring down the amount of taxes that you are due to pay and save you a lot of money in the longer run. You owe back taxes: The back taxes are the amount that you owe due to unpaid or incorrectly paid taxes of earlier years. The back taxes incur interest as well and the resulting amount can often turn out to be unmanageable for regular taxpayers. When the IRS investigates a taxpayer and finds unpaid back taxes, they also fine the taxpayer that they can collect in addition to back taxes. You are being contacted by IRS about something that you don't fully understand: While the IRS only audits a small number of taxpayers, if they find any discrepancies they send a demand notice. If they do not receive a satisfactory reply from the person they escalate it with various actions such as tax liens, wage garnishing and tax levies. A tax attorney can find out the details regarding your tax situation and give you sound advice about what to do next. A tax attorney (https://nationaltaxattorney.com/ End
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