Lezhnev Law, PLLC

Why choose a CPA Tax Attorney? Filing taxes, dealing with the IRS, or managing financial reporting individuals as well as firms need financial and accounting assistance all the time. Both are faced with baffling queries like what to do in case one has missed paying taxes or if they are suspecting anomaly in their taxes. How much does IRS view as over-claiming and what will be the repercussions? How should an individual’s tax planning be with every new tax law? How should a... firm project their financial statements clearly? The, there are the more complex queries like how much to divulge to one’s accountant and knowing how much of it would be revealed in a court case? Let’s look at when to hire both. #Tax #Attorney Tax Attorneys, simply put, are lawyers those who have passed the state’s Bar exam, and are accredited to handle any tax-related issues, whether for an individual, or, for an organization. Their degree enables them to help in asset-structuring to minimize tax liabilities and in providing legal assistance in real estate planning, business tax, and for trusts/start-ups. A Tax attorney’s other major expertise lies in the fact that they are well-equipped to negotiate in the court of law for any tax-related issue that their client is facing. One of the major benefits of hiring a Tax attorney over a CPA is their right to protect secrecy of a client’s records and their conversation. #CPA CPA or Certified Public Accountant, is a professional specializing in the accounting whereabouts for a client. From taxes to auditing, and from financial planning to bookkeeping, CPA is called in whenever any sort of financial management or planning is required. By virtue of their education, CPAs are well-equipped to scrutinize an individual’s or a firm’s financial records and be able to suggest areas of improvement. They are also the go-to people for compliance with the IRS so as to avoid penalties. Hiring a CPA is beneficial to help a business grow because of their financial strategy acumen. #Can #you #hire #both? Yes, you can! A dually-certified or a dually-licensed Attorney-CPA is the answer. Now that we have seen the difference between a CPA vs Tax attorney, hiring a CPA Tax attorney provides the benefits of both. While a CPA handles tax-planning on a regular basis, a Tax attorney provides expertise for the bigger spectrum of more complex tax and financial issues. A dually-licensed CPA Tax attorney can not only file taxes but also be able to present the client in court of law in case of IRS litigations. Today, there is an increasing demand for such professionals who can provide on-demand assistance on tax as well as financial issues and be able to present arguments in the court of law at the same time. A CPA Tax attorneys are becoming the most sought-after professionals because they come as a single package of expertise for all issues! See more

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When should you contact a tax attorney during a tax audit? Are you wondering as to how does IRS choose which demographic to target during the annual tax audit every year? Well, the truth is that accounts are randomly chosen; so, if you are one of the chosen ones, don't panic. The tax audit system is a methodical approach by the IRS to identify those evading taxes or those indulging in fraudulent act. Before we discuss whether or not a tax attorney is required, it's importan...Continue reading