Tax Lawyer New York

The Big Apple is one of the places in the United States with the most number of residents and companies. Because such numerous residents and companies are also taxable persons, it wouldn't be surprising if New York is one of the places with the most number of IRS (Internal Revenue Service) cases.

The IRS is granted several powers under the law to enforce payment of taxes, the most common of which are tax liens, levy of real property, distraint of personal property, garnishment of bank deposits and credits and seizure of property and other assets. These collection remedies of the IRS only mean that even a New York taxpayer who is not financially sound may be forced to pay tax even when unable to do so. The best way to solve a financial problem with the IRS is by hiring a New York tax lawyer. 

Tax Specialty of a New York Tax Lawyer

What makes a New York tax lawyer different from other lawyers is his expertise in the field of federal and New York taxes. Such a counsel is well-versed not only in the federal government's Internal Revenue Code (IRC) but also in the state of New York's Tax Code. While the former deals with federal taxes such as income tax, payroll tax, estate tax, donor's tax and excise tax, the latter law deals with local taxes. Included in it are property tax, franchise tax, sales tax, capital gains tax and other transfer taxes. Because of a New York tax lawyer's proficiency, he or she can be instrumental in reducing or eliminating tax due assessed by the IRS or the New York State Department of Taxation and Finance upon a taxpayer.

 

Among the services that a New York tax lawyer may offer are returns matters such as filing of returns and auditing. The counsel may also advise the propriety of tax management strategies such as tax planning to avoid future tax problems. Should the IRS make tax deficiency assessments, a taxpayer may protest with the help of a tax attorney by supporting the propriety of deductions and exclusions and fighting to reduce erroneously assessed tax bills. In case the taxpayer's rights are violated by the collecting government agent, a tax lawyer may file appropriate IRS and New York harassment cases.

 

If a New Yorker is faced with an administrative suit for deficiency taxes, a New York tax lawyer may help reduce the consequences such as entering into settlements to pay delinquent taxes for less, clearing properties from tax liens, levies and seizures and abating unreasonable penalties and fines. In criminal and civil cases, the same counsel may also represent a taxpayer and present legal defenses for the dismissal of the cases. However, in case of an unfavorable judgment by a New York tax court, a tax attorney may still make a resort to an appellate tax court for the reversal of the decision.

 

Tips in Choosing a New York Tax Lawyer

 

There are many tax law firms and lawyers in the city of New York. Although it is easy to choose one randomly from among them, it would serve a taxpayer better if the chosen tax counsel is the most suitable for the job.

 

One of the most important considerations in hiring a counsel in New York is experience and reputation. These qualities are hard earned and represent the kind of service a tax attorney can provide. Other factors to consider are the financial capacity of the taxpayer to pay attorney's fees and the sub-specialty of the counsel whether it be personal taxation, corporate taxation or tax auditing.