East Feliciana Parish Tax Lawyer

East Feliciana Parish Tax Attorney

Tax law has the potential to be stressful and complicated, but it doesn’t have to be. By securing legal support from an East Feliciana Parish tax lawyer, you can more successfully file your taxes, completing them quickly and correctly, all while potentially limiting the taxes you owe. A tax lawyer is also incredibly beneficial if you find yourself facing any investigations or accusations by tax authorities.

Advice and Insight From a Skilled Tax Attorney

At Goode Tax and Estate Planning Law Group, LLC, we have more than 40 years of experience in tax law. We can help families, individuals, and businesses with their tax needs, from tax planning strategies to tax audits and controversies. Our priority is communication with our clients and providing excellent legal support.

Carl S. Goode is a board-certified tax law specialist, and he has an incredible record of helping his clients with their tax law needs. He and the team at Goode Tax and Estate Planning Law Group, LLC, are dedicated to you and your tax goals.

Understanding Tax Planning

A tax lawyer in East Feliciana Parish can help individuals and businesses with tax planning. This includes reviewing your tax obligations and determining the legal methods of mitigating those obligations. It also includes preparing documents and tax returns. Tax planning can be beneficial for any taxpayer, but it is particularly useful for individuals with complex tax circumstances. This includes small businesses, self-employed individuals, taxpayers with significant investment portfolios, and other individuals with unique tax issues.

An attorney can make the process of tax planning very efficient, as they know how the tax decisions you make can affect you in the future. Certain tax attorneys can also help with estate planning as it relates to taxes. Managing your wealth the right way during your life and planning for its distribution after your death can decrease the financial tax consequences on you and your loved ones.

Potential Tax Issues in East Feliciana Parish

A tax lawyer can benefit you when you are dealing with complex tax issues, such as investigations or administrative actions. Both intentional and unintentional violations of the tax code can create serious situations that need to be addressed effectively. Some tax issues that could benefit from an attorney include:

• Tax Audits: An audit can occur to individuals or businesses due to issues with tax filings or because of random selection. Whether there are errors in your taxes or not, it can be useful to work with an attorney. They can interact with the Internal Revenue Service (IRS) or state tax agents on your behalf. Your attorney can also help you prepare the documents you need for the audit.
• Tax Levies and Liens: Levies and liens can be placed on property, accounts, and other assets. It means that a tax agency can seize that asset or funds from an account to pay off your tax debts. It is crucial to get in touch with an attorney to avoid a financially devastating situation, as they can find a way to negotiate your tax debt. If you have significant tax debt, an attorney can look through your options, such as an offer in compromise or a payment plan.
• Late and Unfiled Tax Returns: Failure to file, filing late, and underpaying your taxes are all errors that can result in fines. If these fines are not addressed properly, the interest on the fines and any outstanding debt will continue to grow. You should not ignore this issue. An attorney can address tax penalties and potentially get them removed.
• Other Tax Errors: Other errors, such as claiming unreasonable deductions or including inaccurate or incomplete information, can also lead to fines. An attorney can correct the issues and prevent future errors.
• Tax Fraud or Evasion Accusations: Tax evasion and tax fraud are serious situations, as a tax agency may suspect you of deliberately avoiding paying taxes or lying about your taxes. These can result in criminal charges. The support of a tax attorney is essential to defend you and mitigate the situation.

FAQs

How Much Does a Tax Lawyer Cost in the U.S.?

There are many factors that affect the cost of a tax lawyer in the U.S., and each lawyer can charge differently. Some factors that can affect a lawyer’s fees include:

• Fee Structure: Tax lawyers may charge hourly or flat fees.
• Complexity: A more complex and resource-heavy case will have a higher rate.
• Experience: A lawyer with years of work in tax cases may have a higher rate.
• Location: Firms located in cities tend to have higher rates than those in rural areas.

What Is a Tax Lawyer?

A tax lawyer is an individual with knowledge and education in state, local, or federal tax codes, depending on the scope of their practice. They are aware of current changes to tax codes and how these changes impact individual and business taxpayers. Some tax lawyers can represent their clients against the IRS and other entities on tax matters.

A tax lawyer can provide advice based on their knowledge to help clients minimize their tax liability. In legal issues like audits or investigations, an attorney can protect their client.

What Percentage of Taxes Are Taken Out in Louisiana?

The percentage of taxes taken out of individual or married taxpayers can vary based on income. Those with higher incomes give a greater percentage of that income in taxes. This is true of the income tax, but there are other taxes to consider, including those on the local level. Business taxpayers have other unique percentages to consider. A tax attorney can review your finances and tax obligations to determine the ideal way to minimize your liability.

Can Tax Attorneys Help With Estate Planning?

Yes, a tax lawyer can help with estate planning, although not every tax lawyer is an estate planning lawyer. There is an overlap between the two areas of law, and proper estate planning can provide specific tax benefits, such as those obtained through the use of an irrevocable trust. Other estate planning tools, including giving gifts or charitable donations, can further limit your current tax liability and mitigate any taxes your beneficiaries might pay on the assets they inherit.

Protect Your Financial Interests in East Feliciana Parish

When you need effective and diligent legal support for tax planning or tax issues, Goode Tax and Estate Planning Law Group, LLC, can help. Contact our firm today.