Finance & Business

Mar 7 2018

Cost of a Tax Attorney – Consumer Information and Prices Paid

#tax #attorney, #tax #attorney #cost, #tax #attorney #prices, #estate #tax #attorney, #income #tax #attorney, #property #tax #attorney, #tax #law #attorney, #tax #relief #attorney, #tax #debt #attorney, #tax #attorney #costs, #tax #attorney #price, #cost #of #tax #attorney,how #much #tax #attorney #cost, #average #cost #tax #attorney


#

Tax Attorney Cost

A tax attorney provides legal advice to individuals, businesses and organizations about income, estate, gift, excise, property and other local, state, federal and foreign taxes. A tax attorney represents clients in tax litigation, especially with the IRS, and provides opinions on tax liabilities for proposed and past activities.

  • Most tax attorneys charge on an hourly basis, around $200-$400 an hour for their services. You must make a prepayment known as a retainer, which is usually based on an estimated number of hours. As the work is done, the hourly fee is deducted from the retainer; when the money is gone, you will be billed for an additional payment.
  • Minor problems could be addressed with a few hours work. Some attorneys charge $700-$1,500 to negotiate basic payment options with the IRS — such an installment plan, an “offer in compromise” (which has strict income qualifications) or a hardship deferral — but costs can go higher if the negotiations are complicated or prolonged.
  • A typical retainer for legal representation in a tax dispute starts around $2,000-$4,000 for a relatively simple case but can be $5,000-$15,000 or more, depending on circumstances. If the case goes to trial, costs could be significantly higher.

Related articles: Tax Returns. Estate Planning. Trust. Will

What should be included:

  • US tax laws are complex, and change every year. A tax attorney can help an individual or a small business avoid tax problems before they occur — and when they do occur, a tax attorney will represent your interests in dealing with the IRS or in tax court. In addition to a standard law degree, a tax attorney should have advanced training in tax law. Most will have a master of laws (LL.M.) degree in taxation; some attorneys who specialize in tax law are also Certified Public Accountants (CPAs).

Additional costs:

  • Some tax attorneys will provide a free initial consultation, while others will charge their usual hourly rate.
  • Filing fees or other court costs of $5-$250 or more and other expenses (copying, postage, messengers, paralegal time, etc.) may be included in your attorney’s legal fees, but some attorneys charge separately for these. Get a written estimate of anticipated “other” costs.

Discounts:

  • Low-income taxpayers who can’t afford a tax lawyer for IRS audits, appeals or collection disputes can get free or low-cost legal assistance from a Low Income Taxpayer Clinic [1 ]. You might also get assistance from the local Legal Aid office; the American Bar Association lists legal resources [2 ] in each state.

Shopping for a tax attorney:

  • A tax attorney should evaluate all aspects of your tax issue with you, identify your options and explain what you can expect. FindLaw.com provides an intake form [3 ] for you to complete before your first meeting with a tax attorney.
  • Referrals are available from the American Association of Attorney-Certified Public Accountants or at FindLaw.com [4 ] .
  • Your attorney should provide you with a written fee agreement. Be sure you understand what is covered, and any other fees and expenses you might have to pay.

Written by pharma auto insurance apartment car quote rental score loan real estate income travel usa free student credit


Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.