Running into problems with the Internal Revenue Service (IRS) or another tax authority, it’s best to get a professional on board who understands the nitty-gritty details. Here, you might run into a confusing decision: should you go for a tax controversy lawyer or a Certified Public Accountant (CPA) consultant?
In general, tax attorneys have a better grasp on legal issues and changes in tax laws, while CPAs have a thorough understanding of financial reporting and accounting.
That said, it should be kept in mind that a tax problem with the IRS can impact your finances and come with possible criminal charges. There much more at stake here, which makes a qualified tax litigation lawyer much better suited.
Here’s what gives tax attorneys an edge over CPAs.
Tax Lawyers Understand the Law
Tax lawyers are well-versed in taxation laws and stay up-to-date with changes in federal and state tax codes. They can help clients make sense of complicated, lengthy, and detailed legislation on tax law.
Attorneys are bound by an attorney-client confidentiality clause, and any conversations with the attorney are protected by law. However, CPAs and accounting firms are not bound by confidentiality.
Protection from Criminal Charges
For a tax lawyer, the aim is to work out a plan that protects you from criminal charges. For CPAs and tax attorneys, the priority might be different; they may testify against you in court to protect themselves or their company.
Tax Lawyers Know Your Options
Tax lawyers are well aware of tax laws, along with the policies and procedures used by tax authorities. As a result, they are able to provide you better recommendations and a solid plan of action to overcome any tax controversy.
Avoid Overpromises with Tax Lawyers
Tax lawyers aren’t allowed to exaggerate or misinform clients about their abilities. They are also bound by ethical rules that prevent them from making exaggerated claims or promises that they might not be able to keep.
Why Choose Either?
If you’ve run into tax problems with the IRS, your finances, future, and freedom are at stake. Make sure you have a knowledgeable legal and financial team on your side during the entire process.
At The Lincoln Law Group, our tax attorneys have accounting backgrounds and expertise working on legal audit and tax problems. Schedule an appointment with us and get the best of both worlds with our qualified tax lawyers, that are well-equipped to handle your tax controversy in Baltimore and Silver Spring.