Tax Attorney Kansas: Explore The Alternative
Tax Attorney Kansas: Explore The Alternative
Tax attorneys have specialized knowledge and training in tax law. They are familiar with complex tax codes and regulations and can help you navigate the legal system with ease. A tax attorney can help you reduce your tax liability by identifying deductions and credits that you may have missed. They can also negotiate with the IRS on your behalf to reduce penalties and interest.
How To Choose A Good Tax Attorney in Kansas
Choosing a good tax attorney in Kansas can be challenging, but here are some factors you should consider when making your decision:
- Qualifications and Experience: Look for a tax attorney who has the proper qualifications and experience in tax law. Consider their education, certifications, and years of experience in the field.
- Reputation: Check the attorney’s reputation by reading reviews from previous clients, and checking with the Kansas Bar Association. Look for an attorney who has a track record of success in handling tax-related cases.
- Specialization: Tax law is a highly specialized area of law, so it’s important to find an attorney who specializes in this area. Look for an attorney who has experience in the specific area of tax law that you need assistance with.
- Communication: Choose an attorney who communicates clearly and regularly with you. A good tax attorney should be responsive to your questions and concerns and should keep you updated on the status of your case.
- Fees: Ask about the attorney’s fees and billing practices before hiring them. Some attorneys charge hourly rates, while others may work on a contingency basis. Make sure you understand how you will be billed and what services are included.
- Personal Connection: Finally, choose an attorney who you feel comfortable working with. You will be sharing sensitive financial information with your attorney, so it’s important to choose someone you trust and feel confident working with.
Seeking A Tax Attorney In Your City?
Here are the five largest cities in Kansas by population, as of 2021:
- Wichita – 391,209
- Overland Park – 195,494
- Kansas City – 151,042
- Topeka – 126,587
- Olathe – 139,605
Other notable cities in Kansas include Lawrence, Shawnee, Manhattan, Lenexa, and Salina.
Common Fees For Tax Attorneys in Kansas
The fees charged by tax attorneys in Kansas can vary depending on a number of factors, including the complexity of the case, the attorney’s experience and reputation, and the geographic location of the attorney. Here are some common fee structures for tax attorneys in Kansas:
- Hourly Rates: Many tax attorneys in Kansas charge hourly rates for their services. These rates can range from around $200 to $500 per hour or more, depending on the attorney’s experience and reputation.
- Flat Fees: Some tax attorneys may offer flat fees for specific services, such as tax preparation or assistance with an IRS audit. The flat fee will depend on the scope of the work involved and the complexity of the case.
- Contingency Fees: In some cases, a tax attorney may work on a contingency basis, where they only receive payment if they are successful in resolving the tax issue and saving the client money. The contingency fee is typically a percentage of the amount saved by the client.
- Retainers: A tax attorney may require a retainer fee upfront, which is a deposit paid by the client to secure the attorney’s services. The retainer fee is typically based on the estimated amount of work involved in the case and is used to cover the attorney’s fees and expenses.
It’s important to discuss fees with any tax attorney you are considering hiring, so you have a clear understanding of their billing practices and what services are included.
Common Individual Tax Issues
Here are some of the most common individual tax issues that people in the United States may face:
- Failure to File: One of the most common tax issues is failing to file a tax return on time. This can result in penalties and interest charges from the IRS.
- Underpayment of Taxes: Individuals may not pay enough taxes throughout the year, resulting in a tax bill at the end of the year or penalties for underpayment.
- Tax Audits: The IRS may audit an individual’s tax return to verify the accuracy of reported income and deductions.
- Inaccurate Reporting: Individuals may accidentally or intentionally report incorrect information on their tax return, leading to potential penalties and legal issues.
- Unreported Income: Individuals may fail to report all of their income, either intentionally or unintentionally, leading to penalties and legal issues.
- Tax Debt: Individuals who owe back taxes or have unpaid tax debt may face collection actions, such as wage garnishments or liens on their property.
- Identity Theft: Tax-related identity theft occurs when someone else uses an individual’s personal information to file a fraudulent tax return or claim a fraudulent refund.
Corporate Tax Issues
Here are some of the most common corporate tax issues that businesses in the United States may face:
- Tax Audits: The IRS may audit a corporation’s tax return to verify the accuracy of reported income and deductions.
- Failure to File: Corporations may fail to file tax returns on time or may not file at all, leading to penalties and interest charges.
- Inaccurate Reporting: Corporations may accidentally or intentionally report incorrect information on their tax return, leading to potential penalties and legal issues.
- Unreported Income: Corporations may fail to report all of their income, either intentionally or unintentionally, leading to penalties and legal issues.
- Tax Credits and Deductions: Corporations may not take advantage of all available tax credits and deductions, resulting in higher tax bills.
- Transfer Pricing: Transfer pricing refers to the pricing of goods and services sold between related parties, such as a parent company and its subsidiaries. The IRS closely scrutinizes transfer pricing practices to ensure that they are at arm’s length and reflect the fair market value of the goods and services being sold.
- State and Local Taxes: Corporations may also face state and local tax issues, such as failing to pay state income or sales taxes, or not complying with state tax reporting requirements.
Common Tax Resolutions
Here are some common tax resolutions that individuals and businesses may pursue to resolve tax issues with the IRS:
- Installment Agreement: An installment agreement is a payment plan that allows taxpayers to pay their tax debt over time, rather than in one lump sum. This can be a good option for individuals or businesses that cannot pay their full tax bill upfront.
- Offer in Compromise: An offer in compromise is a settlement agreement between the taxpayer and the IRS, in which the taxpayer agrees to pay a reduced amount of their tax debt in exchange for the IRS forgiving the remaining balance. This option is typically only available to taxpayers who can demonstrate that they cannot afford to pay their full tax bill.
- Penalty Abatement: The IRS may waive penalties and interest charges for taxpayers who can demonstrate that they had a reasonable cause for not complying with tax laws or that they were not aware of their tax obligations.
- Innocent Spouse Relief: Innocent spouse relief is available for individuals who filed joint tax returns with their spouse, but who were not aware of their spouse’s underreporting of income or other tax issues.
- Audit Reconsideration: Audit reconsideration is a process that allows taxpayers to contest the results of an IRS audit and present additional information or documentation to support their position.
Risks of Using a Tax Attorney in Kansas
While hiring a tax attorney in Kansas can provide many benefits, there are also some potential risks to be aware of. Here are a few to consider:
- Cost: Tax attorneys can be expensive, and the cost may be prohibitive for some individuals or small businesses. It’s important to discuss the cost upfront and understand the attorney’s fee structure before hiring them.
- No Guarantees: While a tax attorney can provide guidance and representation, there are no guarantees of the outcome of any legal case or tax issue. It’s important to have realistic expectations and understand that the outcome may not always be favorable.
- Possible Conflicts of Interest: Tax attorneys may have conflicts of interest if they are representing clients with competing interests, such as two businesses in the same industry. It’s important to discuss potential conflicts of interest upfront and ensure that the attorney is acting in your best interests.
- Limited Scope: Tax attorneys may only be able to help with certain types of tax issues or legal matters. It’s important to discuss the scope of the attorney’s services and ensure that they have the experience and expertise to handle your specific situation.
- Time Commitment: Resolving tax issues can be a time-consuming process, and working with a tax attorney may require a significant time commitment on your part. It’s important to discuss the time requirements upfront and ensure that you have the resources to commit to the process.
When Do You Really Need a Tax Attorney?
If you are accused of tax fraud or evasion, it is in your best interest to hire a tax attorney. A tax attorney can represent you in legal proceedings and help you navigate the complex criminal and civil penalties that may apply. If you have a complex estate, it is also recommended to hire a tax attorney. A tax attorney can provide guidance on how to minimize estate taxes and transfer assets to heirs in a tax-efficient manner.
When is a Tax Relief Company Better Than a Tax Attorney?
Tax relief companies and tax attorneys offer different services. Tax relief companies specialize in negotiating with the IRS and states on behalf of taxpayers who owe back taxes, penalties, and interest. These companies often have a team of tax professionals, including enrolled agents and tax preparers, who work to negotiate payment plans or settlements with the IRS. They may also provide assistance with preparing and filing tax returns, obtaining tax transcripts, and addressing other tax-related issues. There are situations where a tax relief company may be more beneficial than a tax attorney. Here are a few examples of where a tax relief company may be a better option:
- Your tax debt is under $250K: If you owe less than $250K to the IRS, a tax relief company may be a better option than a tax attorney. Tax relief companies can negotiate with the IRS to reduce or eliminate penalties and interest, and set up an affordable payment plan that works for you.
- You need help with tax preparation: Tax relief companies often offer tax preparation services, which can be beneficial for individuals or businesses who need help filing their taxes correctly. This can help you avoid future tax problems and penalties.
- You want to avoid the high cost of a tax attorney: Tax attorneys can be expensive, and their hourly rates can quickly add up. A tax relief company may offer more affordable options, such as a flat fee for their services.
Benefits of Using an Experienced Tax Relief Firm
Here are some potential benefits of using an experienced tax relief firm to help with your tax issues:
- Expertise: An experienced tax relief firm will have a team of tax professionals with specialized knowledge and expertise in tax law, accounting, and IRS procedures. This expertise can help ensure that your tax issues are handled properly and efficiently.
- Stress Relief: Dealing with tax issues can be stressful and overwhelming. An experienced tax relief firm can handle much of the work for you, allowing you to focus on other aspects of your life or business.
- Negotiating Power: An experienced tax relief firm will know how to negotiate with the IRS to reduce your tax debt, penalties, and interest. They can also help you explore other tax resolution options, such as installment agreements or offers in compromise.
- Time Savings: Resolving tax issues can be a time-consuming process. An experienced tax relief firm can save you time by handling much of the paperwork, communication with the IRS, and other tasks involved in resolving your tax issues.
- Protection from IRS Harassment: An experienced tax relief firm can communicate with the IRS on your behalf, providing a buffer between you and the IRS. This can help protect you from IRS harassment, such as aggressive collection tactics or frequent calls and letters.
- Cost Savings: While there is a cost associated with hiring a tax relief firm, the savings they can achieve for you, such as reducing your tax debt or negotiating lower penalties and interest, may outweigh the cost in the long run.
CuraDebt Tax Is At Your Service
If you are a resident of Kansas who needs help resolving tax debt issues, we are here to help. We have 22 years of experience helping clients with numerous tax related issues. Contact us toll free today for your free consultation. Or submit here online for a free consultation. We will find the best resolution available to you based on your financial situation. 1-877-999-0486