Tax Return Preparation Lawyers in St. Louis Assisting You in Tax Law
Whether you’re filing taxes as an individual, a business, or a married couple, preparing them correctly is essential. Filling out your tax return the wrong way could lead to a delayed tax return, understated taxes, or fines and penalties from the Internal Revenue Service (IRS). Fortunately, a tax return preparation lawyer can help you prepare your taxes, even when dealing with complex tax issues.
Hiring a tax attorney to help prepare your taxes is beneficial if you’ve just started a business or are dealing with tax disputes. Your tax return may change depending on your situation, and some scenarios require an experienced eye to reduce tax liability.
At The Law Firm of Lance R. Drury, P.C., we are dedicated to serving our clients and providing accurate legal representation uniquely tailored to your specific needs. Whether you’re dealing with tax penalties installment agreements or just need help preparing a complex tax return, our team is here to help. Call one of our offices today for a free consultation: Ste. Genevieve, (573)-883-3056; St. Louis, (314)-260-6120; Nashville, (615)-733-8168; and San Antonio, (726)-202-1300.
What Does a Tax Return Preparation Lawyer Do?
Tax return preparation lawyers wear many hats. Typically, they are tax attorneys who can assist you in many areas of tax law. Specifically, they can help you prepare your tax return and submit it to the IRS promptly so you don’t accrue fines or penalties.
If you’ve had tax issues in the past, like filing a late tax return or understating your taxes owed, a tax preparation attorney can help with that, too. A tax lawyer from our team can negotiate with the IRS and find a payment solution that works best for you or your business.
What Kind of Background Does a Tax Return Preparation Lawyer Have?
Like most lawyers, tax return preparation lawyers have gone through law school and passed their state’s bar exam. Bar exams are rigorous tests, and most take two to three days to complete. After passing the bar exam, tax return preparation lawyers typically take on cases focusing on tax issues and law.
Some tax attorneys are also certified public accountants (CPAs).
This means that in addition to going through law school and passing the bar exam, they also:
- Have taken the required number of accounting courses in college (typically 150 hours)
- Have passed the Uniform Certified Public Accountant Examination
- Have completed at least 80 hours of continuing education every two years or as required by their state
What Situations Can a Tax Return Preparation Lawyer Help With?
Regulations and tax policies are constantly changing. Fortunately, our team of tax lawyers stays up to date on federal and state tax policies.
Our team can help you with the following situations:
Appeals
If you have been audited by the IRS, you may be eligible for an appeal. If the auditor did not follow the correct procedures or the IRS made an audit determination without your knowledge, our team may be able to submit an appeal on your behalf.
Offer in Compromise
Submitting an Offer in Compromise is an option when you owe the IRS money, usually for back taxes or understated taxes. With the help of a tax attorney on our team, you can submit an Offer in Compromise to settle the debt for less than the amount owed.
Installment Agreement
In some situations, the IRS will put a lien against your property. If so, our team can help you negotiate with the IRS and set up a payment plan to repay your debts. We can also help you get the lien removed from your property.
Currently Not Collectible
If you owe the IRS money but paying it back would cause undue hardship, our team can help you submit a form to apply for “currently not collectible” status. Going through this process correctly is important because the IRS will check your income, assets, and ability to pay before granting this option.
Penalty Abatement
The IRS has the power to assign penalties to those who owe back taxes or understated taxes. Sometimes, these penalties can be more than the original amount owed. Our team can negotiate with the IRS to reduce these penalties or even get them removed entirely.
Overpayment Claims
You are entitled to a refund if you overpaid your previous year’s taxes. However, filing this claim can be a confusing and lengthy process. The lawyers on our team can help you get the refund you deserve.
Can a Tax Attorney Assist With Personal Wealth Management?
Our tax lawyers are skilled in reducing tax liabilities to protect your assets. As your tax attorneys, our team can assist you with the following:
- Estate planning
- Creating trusts and wills
- Advising on international tax considerations
- Writing business contracts
- Incorporating businesses
And more. No matter what tax scenario you are dealing with, give our office a call today. We will provide a free case evaluation and let you know how our team can help you.
Should I Hire a Tax Return Preparation Lawyer?
Filling out your tax return correctly is the best way to protect yourself from fines and penalties and get the tax refund you deserve. If you have a unique tax situation that you need clarification on, hiring a tax preparation lawyer is the best way to file your taxes correctly and on time.
Our team at The Law Firm of Lance R. Drury, P.C. is here to help you with your tax issues. Whether you’re negotiating with the IRS, filing taxes for a new business, or creating trusts and wills, we can advise you on the best steps to reduce your tax liability. For a free consultation, call one of our offices today: Ste. Genevieve, (573)-883-3056; St. Louis, (314)-260-6120; Nashville, (615)-733-8168; and San Antonio, (726)-202-1300.