Does it Make Sense to Hire a Tax Attorney this Tax Season?

It is that time of year. Dust off your tax returns from last year, collect our W2s, 1099s, K-1s, mortgage interest and real estate tax records, charitable donation records and all other tax records as you prepare your tax returns.

In 2021, every taxpayer was given a delay in which to file their 2020 tax returns due to the COVID-19 Pandemic and other related issues. However, at the present time, the tax filing deadline for your 2021 tax returns is April 18, 2022.

This year’s tax return is likely to have some added complexities. COVID-19 stimulus checks, advanced child tax credits, early withdraw waivers from IRAs/401k(s) and other tax issues will all need to be considered.

Two Advantages to Hiring a Tax Attorney

At Aronoff, Rosen & Hunt, we are often asked “when does it make sense to hire a tax attorney” when it comes to preparing your tax returns?

There are two advantages to hiring a tax attorney which you may want to consider:

  1. Tax attorneys are generally focused on issues surrounding planning and dispute. Further, tax attorneys are focused on tax law and have more tax law training to help minimize tax liability and penalties. This provides tax attorneys with a unique ability to prepare your tax returns and engage in tax planning. A key aspect about tax planning is that in many instances you must begin tax planning at the start of the year in order to avoid tax liability at the end of the year — and beyond.
  1. Tax attorneys can represent you before the IRS and in Tax Court in the event a dispute arises. Both a CPA and an enrolled agent can also represent you before the IRS in the event of an audit. But, as mentioned above, tax attorneys are focused on issues surrounding planning and dispute resolution. A tax attorney who already has a thorough understanding of your prior year tax returns could be beneficial should a dispute arise with the IRS.

For More Information

As you can see, there are instances in which it might make sense to hire a tax attorney this tax season.

If you have questions about your 2022 tax reporting obligations, tax planning questions, or if you have concerns on whether you may need a tax attorney this year, please contact our office at (513) 241-0400 or use our contact form to schedule a time to talk with our attorneys. Our Ohio and Kentucky Tax Attorneys look forward to speaking with you!