What Are The Differences Between A CPA And Tax Attorney?

Do you need to resolve certain issues that you have with your taxes this year? If you are facing a situation where you will be audited, you may need to find professional help. This can come in the form of a CPA, or if it is a much direr situation, a tax attorney might be necessary. These are professionals that can help you, but each comes from a completely different background. Here are the differences, as well as the similarities, between a CPA and a tax attorney.

What Does A CPA Do?

A certified public accountant is an individual that has gone through specific training to understand how to do taxes. This could be for individuals, partners, or those that have an incorporated business. They will work with both large and small companies. The larger that your business is, the higher the probability that you will need to start working with these professionals. They will handle all of the taxes that you need to pay, and once you have done this, you will never have to worry about paying your taxes again. However, they may not be best suited for those that are currently having problems with their taxes. This may require the help of a tax attorney.

What Does A Tax Attorney Do?

A tax attorney is an individual that has gone through training that allows them to practice tax law. This means they have an understanding of the tax laws for their particular state and are licensed to provide legal services. Dean Hines Lawyer, will understand how to resolve issues that you may be facing, both personally, and also for your business. Whether you missed paying taxes last year, or if this goes back several years, they will be able to help you avoid extreme penalties or potential jail time for not paying your taxes.

What If You Are Currently Having A Tax Related Issue?

If you are having a tax problem right now, then you should certainly consider speaking with a tax attorney. They will be able to handle all of the paperwork that the IRS is going to send you, and then resolve this from a legal basis. You will likely have many of these attorneys in large metropolitan areas, but they also practice in smaller rural communities. You will want to set appointments with several of them, find out how they can help you, and then choose one based upon how much they charge and how quickly they believe they can resolve your issue. If you do have a CPA that is working with you, you could initially consult with them to find out what is going on. Based on their assessment, if it is a situation that will require legal action, they will likely recommend a tax attorney that can help.

When Should You Use A CPA For Tax Problems?

The only time you should use a certified public accountant for problems with your taxes is if you are not really delinquent. For example, you might be laid on a couple of payments, and they will be able to submit this to the proper places to catch you up. If you can do this, you will then not have to worry about needing the help of an attorney that might have to go to a courtroom to represent you. By being smart and handling your tax issues as they arise, a CPA might be all that you need to bring things current.

Why You Should Work With Both Of These Professionals

Working with both of these professionals is highly recommended if you have a very large business or corporation. Both of them can provide you with advice on how to save as much money as possible. For example, your CPA will be able to write off certain things for your business that could actually lead you paying very little each and every quarter. You can also get similar information from a tax attorney, and the combination of both of these professionals, will help you generate more revenue for your business. If the amount they are allowing you to save is more than you are paying them, you will know that you are making the right decision.

How Many Accountants Or Lawyers Should You Use?

There are many companies that are exceptionally large. They have many different offices worldwide, sometimes selling completely different products. They may offer services in one area, and they may have stores that people are purchasing items from in other areas. The reason that these companies may need to use more than one attorney, or a couple different CPA is, is because they own many different businesses that must be individually managed. This is also true if they have thousands of employees, located all over the world, that are generating income for each part of their business. Therefore, you will want to use a few different CPAs and tax attorneys just to make sure that you are paying your taxes and also saving as much money as you can.

What If You Already Have A CPA Or Tax Attorney?

If you already have a certified public accountant working for you, or a tax attorney, you may want to evaluate how they are doing. If you are making more money each year, and paying less taxes than you did before, they are obviously doing their job. If your business is expanding rapidly, you may want to hire a couple additional ones that can keep your company moving forward. It is so easy to locate these professionals which can help any business save money and also resolve tax related problems.

The differences between CPAs and tax attorneys is quite substantial, despite the fact that both of them understand the tax laws of your particular state. The ones that you use should be evaluated, and once you have found a couple professionals that look promising, you should allow them to handle your business. In addition to this, you may want to consider using more than one of each professional if your business is quite large. Whether you need to have someone manage your finances for you, or take care of a tax situation legally, these are the professionals that can help you with these issues related to your business.

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