The Internal Revenue Service (IRS) is responsible for collecting taxes from individuals and businesses who earn income. This government agency also enforces tax laws and regulations. When the IRS audits someone, they look at their bank accounts, credit card statements, W2 forms, and more across a time range to determine whether or not they owe additional taxes. Most people find dealing with the IRS to be stressful and time-consuming, so they want to limit their interactions with the IRS to as few as possible. That’s where a quality Denver tax lawyer can help.
This type of legal professional offers a lot of benefits to businesses and individuals alike. Let’s dive into those advantages today.
How Can a Denver Tax Lawyer Help Protect You?
The best way to protect yourself against an IRS audit is to properly file your taxes each year and have your financial records in order. If you are audited, it will be up to you to provide proof of the claims on your tax return. This means having all of your documents organized and ready to go. It’s important to keep track of all legitimate business expenses, your income generated, and any other deductions. In addition to the receipts and credit card statements you’ll need to provide, you may also wish to hire a bookkeeper to help you keep accurate, up-to-date logs of your expenses and income, so you’re prepared, should you be selected for an audit.
If you do get audited by the IRS, you should have a Denver tax lawyer ready to represent you. An experienced attorney will know what information the IRS needs to see in order to make a determination about your case, which helps save you time and feel calmer and more confident, during the audit process. He or she will not only know which documents are most essential, but will have the negotiating skills to effectively communicate with your IRS representative. This type of expertise can often sway the decision one way or the other. A qualified tax attorney in Denver will have many years of experience in dealing with the IRS and will be familiar with local, state, and federal tax codes. A seasoned legal professional will know how to navigate through the system and will be able to find ways to reduce your tax liability. If you are selected for an audit by the IRS, it is important that you hire an experienced Denver tax lawyer.
What Should I Look for in a Denver Tax Attorney?
The best way to find out if a particular tax attorney is right for you is to talk with them directly. Ask about your lawyer’s background, education, training, and experience. Also, make sure that he or she is licensed by the state where they practice. It’s important to hire a professional who knows the ins and outs of the tax code. A quality service will always be upfront about what to expect from them. Just remember to look out for any hidden fees or gaps in service: those may be major red flags and may be a good reason to look elsewhere for help.
Let Fusion Legal & Tax Support You as Your Denver Tax Attorney
Tax considerations affect every aspect of running a small or medium-sized enterprise. Because we offer support from our CPAs and legal services in our tax packages, we’re able to provide comprehensive tax solutions for any business needs. We include Audit Defense, a customized Tax Blueprint, and other supportive tax and legal services in our tax packages so that you can receive the advice and support you need to stay compliant and grow your business.
Whether it’s business entity formation, audit defense, estate planning, or tax-saving strategies, you can be sure to count on the legal expertise at Fusion Legal & Tax. Contact us today and get started with our tax attorney in Denver.