What is the difference between an accountant and a tax lawyer?
While certified public accountants (CPAs) can represent you in front of the IRS, their expertise lies in maintaining business and financial records. This includes preparing and filing your taxes or providing general advice your personal and professional financial issues. CPAs cannot, however, research tax law issues and provide legal advice. Tax attorneys, on the other hand, specialize in the intricacies of the tax code. They can provide legal advice on how best to structure your company to receive favorable tax treatment, represent you in front of the IRS and maintain attorney-client privilege in face of tax crime allegations. In addition, attorneys are trained negotiators that can help resolve complicated personal and business tax issues. In certain cases, it may also make sense to have a tax lawyer prepare your returns.
While the cost, both total and hourly, for your business’s tax needs can range dramatically, Priori’s tax lawyers save you money on your legal fees with rates starting as low as $150 per hour.