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Tip of the Day Be Patient

Be Patient - Your friend has just gone out and bought a state of the art computer with all the bells and whistles and after looking at your slowpoke old...

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Tax Lawyers

There are times you will need to seek the advice of a tax attorney. This lawyer has studied tax laws in depth. There are numerous reasons you may need to hire a good tax attorney.

You may need to have a lawyer represent you in negotiations with the IRS. Tax lawyers can help you organize tax relief. If you are being audited, then you will want a tax lawyer to help you deal with the IRS. People who have committed tax fraud will also need a tax lawyer. Some taxpayers will need the help of a lawyer if they want to appeal decisions or file suit.

If you own a large estate, a tax lawyer can help you come up with tax planning strategies. You may want a tax lawyer to submit an estate tax return for you. Business owners may require help from a tax lawyer. You can seek advice as you set up the legal tax structure of your enterprise. You can trust your tax attorney to keep your financial details confidential. The attorney-client privilege means your lawyer cannot testify against you in court.

Tax attorneys have been trained in the legalities of tax situations. Other qualified tax consultants or tax preparers may not be as familiar with the complexities of tax law. A lawyer with tax law experience is preferable to a general attorney. Many tax attorneys will earn a Master of Laws degree, which deals specifically with taxation.

If you are looking for a good tax lawyer, you may want to ask business acquaintances for a referral. A qualified accountant or tax preparer may also be able to point you in the right direction. Your local bar association is another source of information.

When you meet with your potential tax lawyer, you will want to ask a number of questions. Ask your attorney about their experience in tax law, and the types of clients they usually serve. You want to find out about their fees. Some attorneys provided itemized statements on a monthly basis. Make sure your lawyer has been admitted to the state bar. The right tax lawyer will give you peace of mind as you try to work through your tax problems.

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Definition of the Day George Soros

Definition: George Soros is one of the top investors of the last couple decades.  He is largely known for his bet against the British pound, which resulted in a one-day profit of $1 billion. Advice: George Soros managed the Quantum Fund, a wildly-successful hedge fund, for nearly 30 years.  He rose...

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