There’s nothing like the IRS to strike terror in the hearts of entrepreneurs everywhere. If you want to make sure you’re paying your taxes right, then consider hiring the services of a tax attorney. Here’s why:
You have a taxable estate
If you have assets and you’re married or you have heirs, you’ll want to make sure they don’t pay the 40 percent in estate tax fees, The Balance says. A tax lawyer can help you with estate-planning strategies. That way, your estate will be well below the exemption threshold, ensuring your heirs are protected from the need to pay for vast amounts of sum in the future.
You’re starting a business
Planning a business doesn’t just mean long hours and hard work. It’s going to mean a ton of legal paperwork as well, one you’ll want to stay on top of if you don’t want the IRS to come after you. The assistance and guidance of a tax lawyer can help. Your lawyer will assist you in setting up your business and tell you the legal consequences and ramifications that come with each option. This will help you make better decisions for your organization.
You already have a business
If you have a business, don’t wait until a lawsuit comes knocking on your door before you hire legal help. Having a lawyer from the get-go will help prevent these lawsuits in the first place, all while ensuring your business stays compliant with tax laws.
You want to engage in international business
That’s going to mean plenty of contracts and a ton of legal issues. You’ll need to be aware of what you’ll be getting yourself into. With a tax attorney, you have someone to look out for your organization’s interests and make sure they’re protected.
Resolving legal issues isn’t difficult, not with the right help. Contact Ask Uncle Phil for Tax Advice today. You can connect with them on Facebook for more information!
