subject: Why The Tax Lawyer Is The Best Of Both Worlds [print this page] These people see the entire picture These people see the entire picture
The great thing about a tax attorney lawyer that is also a CPA is that they have the exclusive advantage of understanding the law, financial statements, and the Internal revenue service. These people can do negotiations, financial reporting, and manage legal and accounting inquiries when before the IRS. Regrettably, this also comes with a price. Because the best tax attorneys spend their lives studying, mastering the subjects of law and accounting, they charge high rates for this knowledge. In fact, depending on their competence and skill, you will discover that a CPA tax attorney will set you back from hundreds of dollars per hour.
Client confidentiality through attorney-client privilege
One thing that you need to be aware of is that accountant-client confidentiality does not pertain in criminal courts, which is why some choose to go with a tax attorney lawyer. If you still need an accountant, you can find a CPA tax lawyer instead. When facing delicate issues such as tax evasion, you can inform the attorney the truth rather than just skirting around the issue. Just make certain that you get someone who is qualified in handling the IRS as well since this is the main reason why you are hiring one in the first place.
The flipside of working with a CPA tax lawyer
Sometimes, instead of an expert who sees all sides of the situation, you end up with a jack of all trades and a master of none. In reality, there are people who have the privilege of knowing these designations, but do not have the practice to back it up. When this happens, you could find that an Enrolled Agent can even better act for you in front of the Internal revenue service than that specific accountant-lawyer. Law, accounting, and dealing with Internal revenue service are such broad fields that no CPA tax lawyer can really claim that he or she is an expert in all three of them. When you do discover one and you are confronted with a complex issue, hold on to them very tightly and never let go.
