Attorneys: A History of Helpfulness

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Attorneys: A History of Helpfulness

Attorneys in our day are often called bottom feeders, ambulance chasers or worse. I am an attorney in private practice, and it is my mission to show you that the law is a calling filled with noble and enthusiastic people who are doing the job to help others. The law can be incredibly confusion, and it seems to change drastically day by day. Attorneys are there to help clients navigate the murky waters of legal issues and find the most appropriate solution to problems they face. So don't think of a lawyer as the bad guys. Lawyers help people, and this blog will teach you how.

4 Solutions A Real Estate Tax Attorney Can Help You Implement

Unfortunately, many investors overlook tax planning and pay a hefty cost for this oversight. If you don't already have a tax plan, it's about time you consulted a real estate tax attorney about the best practices to implement. This article will highlight four ways your attorney can come through for you.

1. Help You Understand Property Tax Laws

Real estate tax attorneys are experts in the field and understand all the ins and outs of the law. As such, they can help you navigate the complex world of property taxes and ensure you're taking advantage of all the deductions and exemptions you qualify for.

By helping you understand property tax laws, they ensure you avoid any disputes with the tax assessor or getting in trouble with the IRS. Ultimately, the partnership will help you maximize your wealth and avoid paying unnecessary taxes.

2. Assist with Filing an Extension

It's quite normal for the tax period to catch you unawares, but just because you're unable to file your taxes on time does not mean you'll get in trouble with the IRS. Your attorney can assist with filing an extension that adds time to get your paperwork in order and pay the tax you owe.

A real estate tax attorney can also help if the IRS audits you. They'll represent your interest during negotiations with the IRS and try to get you a lower tax bill. And if you are facing a tax lien foreclosure because of unpaid tax, the legal representative can save your business from going under. 

3. Dispute a Property Tax Assessment

If you believe that your property has been assessed at too high of a value, a real estate tax attorney can help you file an appeal and present your case to the tax assessor. They'll leverage their familiarity with the legal process and provide irrefutable evidence to lower your assessment.

Another way your real estate tax attorney can also help lower your tax bill is to help you file for exemptions and abatements that can lower your tax bill. They might also recommend a payment plan if you have difficulty paying your taxes.

4. Help You Appeal a Property Tax Decision

The appeals process can be complex and time-consuming, but an experienced attorney can help simplify the process and ensure you have the best chance of success. Not only will they be familiar with the applicable laws and regulations, but they will also have a keen understanding of the property tax appeals process. As a result, they will be able to navigate the process efficiently, ensuring that you get the best possible outcome.

Tax planning is an important part of running a business, and it's crucial to have a good real estate tax attorney on your side to make sure you're getting the best solutions possible. 

For more information, contact a local real estate tax attorney