Miami Tax Lawyer
Guidance Through Complex Financial Matters
All areas of law have their own unique complexities, but perhaps none more so than tax law. It’s important to understand that a firm grasp of tax law is different than what a Certified Public Accountant (CPA) offers. While a good CPA can reliably assess the financial implications of tax matters, an experienced Miami tax lawyer can deal with the legal aspects. Furthermore, a lawyer can take a client’s case to tax court. This can give a business owner peace of mind and the ability to refocus their attention on what they do best — growing their enterprise.
Good Attorneys at Law has over 20 years of experience advising clients on difficult and complicated tax issues. Call our office at (305) 902-2760 or contact us online to arrange for a consultation. Serving clients nationwide.
Benefits of Hiring a Tax Attorney
There are several areas where having experienced legal counsel may make a big difference in tax affairs, including:
Subject Matter Knowledge
To say that the Internal Revenue Service (IRS) has a complicated tax code would be to understate the case. This results in businesses having equally complicated deductions, which in turn lends itself to nuanced legal issues.
For example, what are the legal implications of having heavy equipment and machinery properly depreciated? What are the tax implications of estate planning? This can be particularly pertinent in issues of succession planning when a business owner wants to ensure a smooth transition of ownership after their retirement or passing. A tax attorney can lead the way to draft the necessary legal documents and put a client’s vision into place.
Clients may own rental properties (something that’s certainly common in a tourist destination area like Miami). Our tax lawyer can advise on how the income and expenses generated by the rental will (and won’t) impact a personal tax return.
Having Someone to Deal With the IRS
No one particularly looks forward to dealing with the IRS. It’s easy to feel trepidation at the prospect of getting on the phone or communicating in writing with a tax agent. What happens if a mistake is made?
An attorney can take the burden of communications off their client’s shoulders. Furthermore, the mere presence of a lawyer can change the entire tenor of the communication. IRS agents are, generally speaking, honest and hardworking. But just like the presence of defense counsel in an interrogation room can change the dynamic in a criminal case, so too can experienced legal counsel serve as a quiet message in tax communications — that message being that this is a client who knows their rights.
The IRS has wide-ranging powers when back taxes are owed. Everything from garnishment to liens on property are possibility. An attorney who has been through numerous similar cases and understands how they’ve been resolved may be better situated to negotiate a manageable outcome. What’s more, our attorney can then work with a client on proactive steps that prevent future occurrences.
Setting up or Expanding a Business
The legal decisions that are made in a business’ infancy, or at the point of its expansion, can have significant ramifications. The very structure of the enterprise — like whether it will be incorporated, and if so, what type of corporation — will impact everything from taxes to the ability to attract investors to personal liability.
Call Good Attorneys at Law at (305) 902-2760 or fill out our online contact form and set up a consultation.
How We Work
Good Attorneys at Law will begin by getting a current snapshot of a client’s financial situation. This involves looking at everything from structure to statements to existing liabilities to compliance. We talk with clients about the concerns they have, assess their filing requirements, and then craft a solution aimed at meeting their needs.
We always present our clients a plan before taking any action. We believe in the basic principles of transparency and open lines of communication. It’s our goal that clients truly understand the path we recommend, and why we make that recommendation.
Good Attorneys at Law has been doing this work for over 20 years. We know how important it is to constantly stay abreast of changes in tax law, at both the federal level and the state level. We want our clients to have the real peace of mind that comes from knowing an experienced and competent hand is guiding their legal affairs.
Call today at (305) 902-2760 or contact us online to set up a consultation.