BEST TAX LAW ATTORNEY IN ORANGE COUNTY, CA
What Does Tax Law Attorney Do?
A tax attorney is a lawyer whose area of specialization is tax law as well as technical and legal issues around it. Tax attorneys do more than your accountants because while your accountants help you to balance the books, a tax attorney helps you fight the law. You need the services of the best business attorney Orange County, CA to handle events around your business and personal tax. With the services of a tax lawyer, you can be sure to foresee legal tax problems before they occur while handling current issues.
When dealing with an attorney who specializes in tax, it is always best to consult before making a tax decision. This is because an attorney helps you foresee and prevent a problem than solve one after it must have happened.
When Do You Need Tax Law Attorney?
In choosing a tax attorney, you must ensure that such a person possesses a Juris Doctor degree and must have been admitted to the state bar practice. There are other requirements all of which add to the qualification of the attorney, but these are the basic minimum requirements. To be sure you are working with one of the best business attorney Orange County, CA, make sure they have an LL.M in taxation law.
There are several situations where the need for a tax law attorney becomes imperative some of which are avoidable, and others unavoidable. However, just like accountants are important to your business and estates, so is a tax law attorney.
When You Have a Taxable Estate
While there are personal tax returns, there are estate tax returns as well. For your estate to be taxable it must value above a certain threshold. This threshold as of 2020 is fixed for about $11.58 million if you are single and $23.16 million if you are married.
A good tax law attorney can come up with strategies that help you plan your estate better. With this estate planning, your estate remains below the fixed threshold that makes it taxable. This way, you not only avoid the tax, but you also avoid losing a part of your estate to the IRS.
When Starting a Business
At the starting point of a business, certain foundational decisions are taken that will later go on to define the business.
You do not want to take these decisions without the help of a tax attorney because of the consequences that may follow. In starting a business, a tax lawyer helps you explore all the tax ramifications that come with the business set-up you are choosing. Tax attorneys also provide you and your business or company with advice on tax and non-tax issues.
When Legal Issues Are Dealing with Tax
About tax, several legal issues may arise that will require the services of the best business attorney Orange County, CA. These legal issues range from a lawsuit against the IRS to being investigated by the IRS or an independent review before any Tax Court. Then will not be the time when you need just any attorney to represent you, you will need a business attorney who is versed in tax law.
Kate Kelso is one of the best business attorney in Orange County, CA who can help you and your company make the best tax decision. She also has the right knowledge to handle cases when they end up in litigation. If there is an attorney you need for your tax issues, then that is Kate Kelso.