Did you know there are 3,836 tax lawyers and attorneys businesses in the US as of 2023? That is a lot of tax attorneys to choose from.

Despite this number, there are still misconceptions about hiring a tax settlement attorney. These can often lead to people not seeking the help they need. As a result, they may face serious consequences with the IRS

In this article, we will debunk four common misconceptions about hiring a tax attorney. This can aid in making an informed decision when seeking professional tax help.

1. Tax Attorneys Are Too Expensive

Many people think that only wealthy individuals and businesses can afford to hire one. However, this is far from the truth.

In fact, most tax attorneys work on a contingency basis. This means they only get paid if they resolve your case. This can make it more affordable for individuals and small businesses to seek their help.

Additionally, the cost of not seeking professional help can be much higher in the long run. Penalties and interest on unpaid taxes can quickly add up. By hiring a tax attorney, you may reduce these costs and save money in the end.

2. Tax Attorneys Are Only for Serious Cases

Another misconception is that they are only necessary for serious cases with large sums of money. While they can handle these cases, attorneys also assist with smaller tax issues. This can include filing back taxes, negotiating payment plans, and tax resolutions.

No matter the size of your tax issue, an attorney can provide guidance and representation. They have the knowledge and experience to navigate complex tax laws. They can also handle IRS negotiations on your behalf. This can help alleviate stress and ensure a fair outcome.

3. Tax Attorneys Are the Same as Accountants

Some people believe that tax attorneys and accountants offer the same services. While both can assist with tax matters, their roles are different.

Accountants primarily handle preparing and filing taxes. Attorneys have a background in tax law and can provide legal advice. This can be crucial if you are facing an audit or legal action from the IRS.

4. Tax Attorneys Can Help You Avoid Paying Taxes

This is a common misconception that can lead to serious consequences. No attorney can help you avoid paying taxes legally. Their role is to assist in resolving tax issues and potentially lessen the amount owed.

Working with an experienced tax attorney can also prevent potential fraud or misrepresentation claims against you. They will ensure that all necessary information is reported on your tax returns.

They are also knowledgeable about the IRS debt forgiveness program. This can help you if you are unable to pay your taxes due to financial hardship.

The Truth About Tax Settlement Attorney

Hiring a tax settlement attorney can be a valuable investment in protecting your finances and avoiding legal issues. Don’t let misconceptions prevent you from seeking the help you need. Consult with an attorney for tax-related matters to ensure the best possible outcome.

Remember, when it comes to taxes, it’s always better to be safe than sorry. So don’t hesitate to seek professional help when needed.

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