Property tax laws can be complicated to understand, especially if you're not a tax professional. If you own rental properties, it's even more critical that you understand how these laws work because you'll be required to meet all your tax obligations. A property tax attorney can help you understand your responsibilities and provide you with the legal advice and representation that you need. Read on to know three instances you'll need the services of these lawyers.
When Being Audited by the IRS
IRS audits are never fun. They can be time-consuming and overwhelming. You may also make mistakes during the audit, resulting in higher tax returns and additional fines.
Working with an experienced tax attorney can make a huge difference in your case. These lawyers will protect your interests and be with you every step of the way. They understand the challenges of an IRS audit and will work to ensure you don't make any mistakes. If the taxman finds any irregularities in your taxes, your lawyer will work to resolve them and reduce any fines you might be liable for. They'll also advise you on better ways to file your taxes to avoid future problems.
If You're Facing Criminal Charges for Tax Evasion
Failing to properly pay your taxes and hiding the fact from the IRS can lead to severe consequences. You might think it isn't necessary to contact a lawyer, but these charges may make the government take action against you. Depending on the severity of your case, you may walk away with a fine or a misdemeanor charge if convicted.
A tax lawyer can review your case and offer legal guidance throughout the process. They'll investigate the claims made against you, make sure you know any penalties, and help mitigate the damage. They'll also represent your interests in court if you decide to go through with legal action. If it's determined that you're innocent, they'll work to ensure your charges are dropped. But if you're found guilty, they'll provide a strong defense to try and reduce the penalties or sentence.
If You Want a Property Tax Refund or Reduction
You may be eligible for a tax refund or reduction if you are a senior citizen who has lived in your home for many years, own a small business, or have a severely disabled child. Although you can apply for exemption with your local assessor's office yourself, an attorney can help you avoid problems and receive your tax refund or reduction faster. They understand the rules and regulations of your municipality and will ensure you meet all the criteria.
Property tax attorneys can be a valuable resource when you're in the unfortunate position of needing to deal with one or more property tax issues. While these legal professionals can't eliminate your property taxes, they can help you resolve tax-related problems in the most efficient manner possible.
For more information, contact a property tax attorney near you.