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Article
When Should You Hire a Tax Lawyer?
December 7th, 2022
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News & Politics
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3 minute read
When Should You Hire a Tax Lawyer?
Denver, CO - You know the saying about death and taxes. Unfortunately, there’s nothing anyone can do about death, but when it comes to problems with the IRS you can reach out to a Denver tax lawyer to sort out the financial mess you’re in. One of the most common questions people in this situation have is how does it make sense to hire an attorney when you already owe money. It makes sense because a skilled tax lawyer can help you negotiate a compromise with the IRS so you’ll owe them less in taxes, plus you can benefit from an extended repayment period, so you can avoid financial ruin. However, if you owe less than $10,000, hiring a lawyer won’t probably be necessary. It is not a great sum after all and you can very well negotiate yourself with the IRS. When it comes to large sums, in excess of $10,000 it’s preferable that you get legal advice from a professional who deals with such cases day in, day out. How can a tax lawyer help me with my IRS debt?The first rule about dealing with the IRS is don’t ignore the problem. It won’t go away and the longer you put it off, the more money you’re going to owe them.
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