What’s Better CPA Or Tax Attorney?

Individuals and businesses can find tax season difficult. Help is available for both individuals and businesses, regardless of whether you are filing your first tax return or have been paying taxes for years. You have a number of options for entrusting your tax case to a professional. The most common options are tax lawyers and certified public accountants (CPAs). It all comes down to your individual needs and goals as well as the status of your case with the IRS (Internal Revenue Service). It is not an easy task to get tax debt. Make sure you have the right tax professional to help you in your particular situation.

What Is A Certified Public Accountant?

CPAs hold a five-year business degree and have completed at least 150 hours of education. CPAs also pass the rigorous CPA exam. They continue to receive at least 120 hours of continuing learning every three years. CPAs are not the type of people you would see at any tax preparation company like H&R Block and Liberty Tax. These employees have completed 60-80 hours of training. CPAs are more skilled and knowledgeable in tax preparation.

If you have complex tax issues, a CPA may be necessary to prepare your taxes. If you have complex tax situations, such as if you own your business, are divorcing, have children, or have high-net-worth investments, you might need to hire a CPA. A CPA can be a great help during tax season, no matter how much money you have coming in or out. CPAs are trained to comply with federal laws, while still minimizing your tax liability and maximizing your benefits.

Hire a CPA to build a relationship with your tax professional. A CPA that you trust is key to simplifying the tax process and allowing you to return year after year. A CPA can help you develop a long-term plan for tax and help you keep it. They also offer monthly and annual accounting services. A CPA can help you make the most of your quarterly taxes, create a financial plan and undergo audits.

What Is A Tax Attorney?

Although both can help taxpayers, a tax attorney is different from a CPA. Tax attorneys are lawyers with law degrees. They are licensed to practice law and have passed the state bar exam. Although both CPAs, as well as tax attorneys, can represent your best interests when communicating with the IRS, a tax lawyer is usually the better choice if you are involved in tax issues such as owing thousands of back taxes or facing liens, and levies.

Tax attorneys are a special type of lawyer that specializes in tax law. These tax attorneys are uniquely qualified to deal with legal tax issues, including settling back taxes, filing unfiled returns, and halting wage garnishment. They can also undo property liens, account levies and come up with compromises for the IRS. A tax attorney should be consulted if a taxpayer is having trouble. This is not the place to go if you are a tax preparer.

You have many options for tax lawyers depending on the type of tax assistance you need. A tax lawyer with expertise in trusts and estates might be needed by someone who is having problems. However, most tax lawyers share expertise in tax dispute resolution and tax controversy. To represent clients in IRS proceedings, tax lawyers have completed years of training and education.

How To Choose The Right Type Of Tax Assistance For You

Consider the tax issue at hand if you are unsure whether to hire a CPA or a tax lawyer. Are you trying to minimize your tax liability and have to wade through complicated personal or business taxes? Get a CPA. Do you have a problem with the IRS? Are you receiving debt collection notices or are you involved in a tax controversy case? A tax attorney is a good choice. To save money, hire a tax attorney if you have a need. You will only get into more trouble with the IRS, which could lead to much greater losses than the cost of hiring a tax attorney.

If you have a complicated case that involves tax agents or revenue officers, you might need to hire a tax attorney. You could be subject to a levy on either your wages or bank accounts if the IRS assigns a revenue officer. A tax lawyer can help you protect your rights and guide you through the process. If you are facing tax fraud allegations or owe taxes, legal representation is essential in any negotiations with the IRS. A tax attorney is recommended if you have serious tax problems.

Tax planning is another area where tax attorneys can be of assistance. An attorney can help you structure your assets and come up with a tax strategy that minimizes your risk. An attorney is more trained in dispute resolution than the average CPA. A CPA, or an enrolled agent (EA) is a good choice if you need to prepare basic taxes and are not in trouble with IRS. EAs are similar to CPAs, but they don’t need as much experience. EAs are typically the most affordable of all EAs and CPAs. Remember that an EA or CPA may not be of any assistance if you are involved in a tax dispute.

Prevention VS Intervention

CPAs, as well as tax lawyers, can assist with tax planning, financial decisions, and minimizing tax penalties. While CPAs may have more experience in tax planning and financial decisions, an attorney can offer legal advice when faced with adversity. An attorney can represent you in tax defense cases. A lawyer can help you solve tax cases that involve major tax debt or other complex problems. Top Tax Defenders offers a free consultation to help you decide whether to hire a CPA or a tax lawyer. An attorney will meet with you without charge or obligation to review your case and offer honest advice about whether you should retain a lawyer.

This article was written by Alla Tenina. Alla is one of the best tax attorneys in Los Angeles California, and the founder of Tenina law. She has experience in bankruptcies, real estate planning, and complex tax matters. The information provided on this website does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this site are for general informational purposes only. Information on this website may not constitute the most up-to-date legal or other information. This website contains links to other third-party websites. Such links are only for the convenience of the reader, user or browser; the ABA and its members do not recommend or endorse the contents of the third-party sites.