Tax Attorney In Austin, TX
Federal tax situations can be a major concern, especially since the potential outcomes could be trouble with the IRS or even criminal charges. If a potential tax situation has appeared in your personal life or for your business, it is crucial that you contact the appropriate legal support as soon as possible. An Austin tax lawyer can examine your case and help you build a strong legal strategy for your defense.
Facing tax complications that involve the IRS or criminal charges can be intimidating, but you do not need to navigate this difficult process alone. If you are under suspicion of wrongdoing, the team building the case is likely to have years of experience. It is crucial that you seek an attorney who has experience and knowledge that can rival theirs.
Facing IRS Challenges? Get the Representation You Deserve!
Tax Law Help in Austin, TX
Failure to follow federal tax law can have severe penalties, such as levies, garnishments, and a demand to pay your existing tax bill in full. Sudden financial burdens such as these can significantly impact your quality of life, potentially harming both you and your loved ones, as well as your business. David Coffin PLLC understands the potential ramifications and can help with several types of tax issues, including:
- Tax litigation. If a dispute has arisen between you and the IRS that cannot be resolved through administrative channels, such as appeals or audits, the case will progress to court. When defending yourself in the courtroom, it is important that you have skilled legal support to ensure your rights are protected and the legal process is handled appropriately.
- Tax debt. If you have not paid your full debt obligation, you will have a tax debt that the IRS will attempt to resolve. If you owe a balance to the IRS, you can be charged fees that increase your overall debt.
- Tax audits. Tax audits are used to verify the accuracy of financial information reported on tax returns and to ensure that taxpayers are paying the correct amount of taxes. Financial records, including income, expenses, and deductions, are examined.
- Business and payroll tax. Employers are responsible for collecting payroll tax liabilities from their employees’ paychecks. They must then pay that amount, plus their portion of these taxes, to the IRS. It can be incredibly difficult to catch up if you fall behind in these taxes.
- Federal tax crimes defense. Federal tax crimes are often thoroughly investigated and can result in severe penalties. It is recommended that you speak with an attorney experienced in tax crimes once you have been accused of violating the law.
- Income tax. Income tax is imposed by the federal government on individuals and businesses. You are responsible for identifying the correct amount and paying it in full. Failure to do so can result in penalties and a debt owed to the IRS.
The average taxpayer in Texas was responsible for more than $18,000 in federal taxes in 2023. This is a substantial amount, and there is considerable room for error. Speaking with the David Coffin PLLC team can help ensure you are protected if the IRS has become involved.
Benefits of Retaining an Austin, TX Tax Lawyer
It can seem far too easy to ignore notices in the mail from the IRS, but there can be serious consequences for doing so. If you are dealing with the IRS or issues related to federal tax filing, it is essential to address the problem promptly to prevent further accrual of fees or other adverse actions. Fortunately, you can work with an experienced tax lawyer while dealing with the problem. The benefits of working with a skilled tax lawyer include:
- Defense strategies. Understanding the applicable tax laws is only one part of a comprehensive defense strategy. Applying the law for the most favorable outcome is also required when facing the IRS. The combination of knowledge and application can allow an attorney to find a reasonable cause for adjustment, challenge unfair claims, or find a loophole or error in your favor.
- Protection of your rights. Acting as advocates for their clients, tax lawyers ensure the Taxpayer Bill of Rights is followed during the process. Additionally, clients of attorneys are protected with confidentiality clauses, while accountants have no such clause. Accountants can be called to testify against a client.
- Up-to-date knowledge of tax code. Tax code often changes, making the filing process confusing and difficult to follow. Federal tax code changes each year, and Texas has implemented property tax, sales tax, and franchise tax. It can be challenging to understand which of these codes apply to you and how they do so. A tax attorney can remain current on these laws and ensure you are compliant.
- Adept negotiation. A tax attorney is likely to have years of experience negotiating with the IRS and defending clients in court. They can argue on your behalf for positive outcomes, such as reduced penalties, a lower settlement of tax debt, and a manageable payment plan.
The attorney you retain to see you through a conflict with the IRS is a crucial choice in reaching a favorable outcome. Choosing the right attorney can have a significant impact on the outcome of your case.
Why Hire a Tax Lawyer With David Coffin PLLC?
Tax law in Austin is often complex and confusing, especially because it applies differently depending on whether you are navigating it as an individual, a business, or a business owner. If issues arise pertaining to tax law and the Internal Revenue Service, protecting yourself with a skilled legal team is crucial. The legal team with David Coffin PLLC should be your choice because we are:
- Dedicated. We can work diligently to examine your case and then create a detailed plan to reach a favorable outcome for your case. While we work to achieve a favorable outcome for your case, you are free to focus on living your life and caring for your family.
- Experienced. In addition to staff members who are deeply familiar with tax law, one of our team members spent several years representing the IRS in federal district and bankruptcy courts. We can help save time by finding solutions to your problems and negotiating with the IRS if that becomes necessary. Members of our team are also certified public accountants, a valuable asset in resolving tax issues.
- Understanding. Regardless of the reason behind the accusations levied against you, our team can help you reach a favorable resolution without judgment or bias. We understand the complications that tax issues can have on your life and will apply compassion when creating a solution for your case.
In 2022, there was a tax gap of $696 billion. This gap is caused by three main components: nonfiling, underreporting, and underpayment. The IRS will aggressively pursue these unpaid funds, meaning a skilled tax attorney can be a valuable asset as you work to get your tax bill current.
FAQs
A: Texas has a positive tax climate and is noted as having one of the
lowest tax burdens in the U.S. There are several laws in place that allow Texas to keep low tax rates, but it must be noted that federal laws still apply and must be followed. Perhaps you have already visited the IRS office on South Interstate 35 Frontage Road and realized you need help. If you have questions about how federal tax law applies to you, it is important to speak to an Austin tax lawyer.
A: It is possible for a tax attorney to save you money. If you owe thousands of dollars to the IRS, retaining a tax attorney is one way to help ensure you only pay what you owe and potentially help you reduce the tax burden owed to the IRS. If you owe the IRS money in unpaid taxes, speaking to a tax attorney can help you determine if you can save money by working with them.
A: The
IRS Offer in Compromise allows you to settle your IRS tax debt for less than you currently owe. It is one option available to people who currently have a tax debt and considers circumstances like your ability to pay, income, expenses, and asset equity. An offer is generally accepted if it represents the most the IRS can expect to collect in a reasonable amount of time. This option was previously called the Fresh Start program.
A: It is difficult to predict how much a tax attorney may cost in Austin, TX. The total amount an attorney will charge depends heavily on the circumstances of your case, such as the complexity, the total debt owed, and the time it takes to reach a resolution. Consulting with an attorney in your area can help you estimate the overall cost of reaching a settlement in your case.
Resolving Tax Debt in Austin, TX
It can be tempting to avoid or overlook these tax concerns. Unfortunately, this is likely to result in serious financial and potentially criminal consequences.
David Coffin PLLC understands how overwhelming it can feel to take on the IRS when facing tax issues, and our knowledgeable team is ready to handle your case so you can focus on other aspects of your life. If you have federal tax concerns or have been contacted by the IRS, reach out to our office for support today.
Get Help Now: Call A Trusted Tax Attorney Serving Texas
Flexible scheduling and payment plans are available. To arrange to meet with an
experienced tax lawyer, send an email using the online form