Livingston Parish Tax Lawyer

Livingston Parish Tax Attorney

When it comes to managing your financial future, working with an attorney who understands both tax and estate planning can make a huge difference. An attorney can offer their insights to guide you through tax laws and how they apply to your financial situation. A Livingston Parish tax lawyer can ensure that you are complying with both federal and state tax regulations while pursuing the potential financial benefits available to you.

Receive Insights From a High-Achieving Tax Lawyer

At Goode Tax and Estate Planning Law Group, LLC, we pride ourselves on personally handling each case to make sure you receive professional and high-level service. Our firm focuses on estate planning, administration, and tax law so that we can remain up to date on this constantly evolving and complicated legal field. We are highly regarded in the legal field for the level of experience and dedication we offer to our clients.

What Can a Tax Lawyer Do?

The field of tax law can change from year to year as new regulations are passed. A tax lawyer can provide advice on these laws and how they affect your personal situation. Tax lawyers can also negotiate with authorities like the IRS and prevent future issues by planning your estate in a way that reduces your tax obligations.

When Should I Hire a Tax Lawyer?

There are many situations in which hiring a tax lawyer in Livingston Parish could benefit you and your family. These include:

• Dealing with audits. A tax lawyer can represent or negotiate with the IRS or the Louisiana Department of Revenue during an audit. There are multiple options for tax disputes, and an attorney can help you understand what to do in the event of an audit. They can also help with gathering financial evidence as well as preparing the documents needed to submit to tax authorities to resolve your case.
• Facing tax liens or levies. If you have received a tax lien on a property, talk to an attorney. This is an important step if you want to save your home from a sale. A lawyer can negotiate a payment plan or resolution to potentially stop a lien and help you understand their legal implications. If there is a hearing associated with a tax lien, a lawyer can represent you or help with an appeal.
• Tax litigation. In the rare event that an individual must go to court over a tax dispute, hiring a lawyer is incredibly important. Professional representation can help the odds of your case and might result in a more favorable settlement or plea agreement. They can prepare or help gather evidence to support their arguments to make for a stronger case, usually resulting in a more positive outcome.
• Tax planning. In most situations, planning decisions beforehand can result in fewer consequences. The same principle applies to tax law. Before investing, making large transactions, or creating an estate plan, consider working with a tax lawyer to understand how these choices could affect your tax implications in the future.
• Business mergers and acquisitions. Large business transactions like mergers and acquisitions usually come with significant effects on taxes. A lawyer can help structure a deal to make a more favorable tax outcome and help make sure the transaction is done legally and within regulations.
• Estate planning. Transferring property or an entire estate to another person can result in unexpected financial consequences. Creating an estate plan through documents like wills and trusts can reduce tax penalties and make a comprehensive plan that benefits both you and your loved ones.

These are just a few of the ways that a tax lawyer can help you with not only complicated tax matters but also the tax implications associated with estate planning. Determining compliance ahead of time can save a considerable amount of time and money in the future by preventing legal action from tax authorities.

FAQs

Q: What Is a Tax Lawyer?

A: A tax lawyer helps their clients understand tax law and how it applies to their unique financial situation. They can assist with situations like audits, tax levies, or liens or represent clients in litigation surrounding their taxes. Events like starting a business usually benefit from a tax lawyer’s input. A tax lawyer can also provide advice on financial decisions so that clients understand the potential tax implications of a choice before they make it.

Q: How Is a Tax Lawyer Different From a CPA?

A: A tax lawyer and a CPA are both experienced in the concept of taxes, but CPAs are more helpful for preparing and filing taxes. Tax lawyers typically do not help their clients file their own taxes, but they support them if there are any issues or disputes surrounding their taxes. Lawyers can also help with big-picture decisions to prevent their clients from potentially large tax bills, audits, or other tax problems in the future.

Q: Can a Tax Lawyer Help With Estate Planning?

A: A tax lawyer can usually also help with estate planning, although it varies depending on the firm. Working with a tax lawyer can be extremely helpful when creating your estate plan because they can help you do so in a way that minimizes your tax obligations, increasing the assets you can leave to your loved ones. They can answer common questions that arise during the estate planning process to protect your family’s financial interests.

Q: Can a Tax Attorney Negotiate With the IRS?

A: A tax attorney can help you negotiate with the IRS in various ways. The most common form of negotiation is an offer in compromise. This is a document submitted to the IRS to pay less money than you owe in taxes. However, most of these submissions are rejected, meaning that it can be difficult to successfully negotiate with the IRS, especially without a lawyer. Hiring a tax attorney can help increase your odds of reaching a compromise with the IRS about your tax case.

Livingston Parish Tax Lawyer

Working with a tax attorney is essential when dealing with tax-related issues, creating an estate plan, or even starting a new business. We protect our client’s interests by assisting with planning and representing you in any potential disputes. Schedule a consultation today to learn about how we can help resolve your tax-related concerns and assist with your unique legal needs. Let Goode Tax and Estate Planning Law Group, LLC, help you achieve your financial goals.