Hollywood Tax Lawyer Assisting Clients Struggling With IRS Tax Issues in Florida
Are you concerned about your current tax issues and unsure how you can ever pay what you owe or clear things up with the IRS? It happens more often than you may think. The good news is that you can fix your tax problems with the IRS and start over fresh, and a tax attorney may just be the right professional to help you achieve that. The Law Office of Ray Haselman focuses solely on helping Hollywood, FL individuals and businesses with tax problems to settle their issues with the IRS and get rid of wage garnishments and other aggressive collection actions.
What Is The Role of a Tax Lawyer?
One of the main roles of a tax attorney is to ensure both companies and individuals fulfill their tax obligations and take the right steps to stay compliant with all tax laws. From filing a client’s income taxes for the year or tackling more complicated matters, including estate taxes, business taxes, and taxes applicable to different kinds of investments, a tax attorney has the knowledge and skills to represent their clients in a variety of tax-related areas.
When disputes and tax issues arise, a tax attorney is a go-to professional to help clients navigate the complex tax laws and rules, employing their sharp negotiation skills to assist clients in the process of negotiating with the IRS. Besides representing clients and organizations before the IRS, a tax attorney may also represent clients in Tax Court, District Court, and even Federal Claims Court.
How Can Businesses Benefit From Working With a Tax Attorney?
Businesses of all sizes can find it beneficial to work with a tax attorney at various stages. Tax law can be quite complex and cryptic for most small business owners, and it may not be easy for them to understand their tax obligations. Instead of spending time and effort trying to figure it all out on their own, small business owners may delegate this task to an attorney and leverage the attorney’s vast knowledge to help them run their business in a tax-compliant manner, thus steering clear from any unforeseen obstacles in the future.
Effectively collecting and transmitting payroll taxes can be a significant challenge for many business owners. A tax attorney can work with owners of small or large-size businesses to create and implement a plan that can help them deal with expenses, payroll, income, deductions, and other key aspects they need to be looking out for in order to run their businesses without worrying about the IRS knocking on their doors. The same knowledge and planning skills are also key for the very beginning of a brand new business. A tax attorney can help prospective business owners to understand the tax implications of different business structures, such as LLCs, corporations, partnerships, and the like. This is crucial for a new business to succeed, as each entity type brings both advantages and disadvantages from a tax perspective, and an attorney can help a new business owner make a confident choice.
How Can a Tax Attorney Help if I Am Behind on Business Payroll Taxes?
It is not unusual for a business to go through a rough patch in which sales drop and expenses continue to increase. During these difficult times, funds may be limited and the priority is to pay all the employees and keep the lights on. This sometimes means there is no money left for payroll taxes, and that is an issue that can quickly escalate if not addressed promptly.
Payroll taxes are considered a type of trust fund taxes because it is the employer’s responsibility to withhold taxes from each employee’s paycheck, hold the funds and then remit those funds to the government. Some businesses do not have a separate bank account for those funds and end up not putting aside enough money to remit for payroll tax payments. The IRS then understands that the business owner has technically taken money that did not belong to him and her, and that is a serious matter that – worst-case scenario – could result in criminal charges and business closure.
The bottom line is if your business has been struggling and you are behind on your payroll taxes, reach out to a tax attorney as soon as possible. There may be several options to help you get caught up and avoid a major headache with the IRS.
Who Should I Work With – A Tax Attorney or a CPA?
The single most important difference between the work of a CPA and a tax attorney becomes visible when the client happens to find themselves under investigation by the IRS or another government entity. While a CPA may offer affordable services for basic tasks such as tax preparation and filing, CPAs can be questioned and required to testify against you. Any confidential financial information you share with your CPA is not completely confidential, as he or she may be forced to share your financial information under oath during an investigation or lawsuit.
On the other hand, tax attorneys cannot be made to testify against their clients because of the attorney-client privilege. This means that you can share confidential information with a tax attorney, and the IRS or the government cannot make him or her share any of it or testify against you. Choosing to work with a skilled Hollywood, FL tax attorney may be the difference between jeopardizing your financial well-being and finding a definitive solution for your case.
At the Law Office of Ray Haselman, Attorney Ray Haselman represents clients in Hollywood, FL, and surrounding areas and provides professional services and legal advice to help them with all their tax problems. We are ready to assist you with all your tax needs. Contact us at 786-522-0410 to learn more.