Tax Law

Reasons For Hiring An Experienced Tax Attorney

Fort Collins, Colorado is a small town in the northern Rocky Mountains that is home to many world famous scientists, entrepreneurs, authors, designers and film makers. “For more than three decades, my law firm has provided high-quality legal services to our local clients and tourists, including tax attorneys,” says Ray Bennett, owner of Fort Collins Tax Attorney. “My staff and I specialize in corporate, bankruptcy, tax and other technical services.”

 

There are many reasons for hiring a Fort Collins, Colorado tax attorney. If you owe back taxes or have tax debt that needs to be settled, you need to contact an attorney right away. He/She will be able to help you decide if a simple payment plan is right for you or if it is better to file for bankruptcy. If your income has fallen dramatically since you last worked, you may be able to reduce your tax obligation with the help of a Fort Collins, Colorado tax attorney. He/She can also advise you on how to set up a repayment plan with your Internal Revenue Service.

 

Another reason to consider a Fort Collins, Colorado tax attorney’s advice is if you have set up an estate plan and need help with setting it up or taking care of it after it has been set up. Your attorney can assist you in taking care of all of the necessary paperwork that you need to fill out. He/she can guide you through the whole process of getting an estate plan created, review any papers you may need to sign, fill out any documents required and even give you legal advice. He/she can tell you if you qualify for any tax breaks that may be available to you or if you should utilize a Fort Collins, Colorado estate planning attorney to make sure that your estate plan complies with Fort Collins, Colorado tax law. Click here for more details.

 

If you own a business, you should hire a Fort Collins, Colorado tax attorney to help you with any problems you may have concerning your business finances. Fort Collins is home to several small businesses that are operated out of the home of one or more owners. These owners may not be aware of some of the regulations that are put into place by the IRS regarding their businesses. A Fort Collins, Colorado tax lawyer can review these regulations for you and offer suggestions on how to comply with them. Additionally, these same attorneys can help you with any tax liabilities that arise as a result of owning, running or being involved in a business.

 

One issue that many people find to be confusing is figuring out whether they need to pay federal or state income taxes or property taxes on any property they own. In most cases, you only need to pay state tax liens. However, there are circumstances where you may owe federal income taxes. This includes cases where you became bankrupt, lost your job, went through a divorce, started a new business, bought a tax lien on a property, received a refund check and then failed to pay this back tax money to the IRS. An experienced Fort Collins, Colorado tax attorney will know exactly what to do in these situations.

 

When it comes to running a business, there are many different aspects of the business that need to be handled properly. Some of these aspects include hiring employees, selling products, collecting payroll, paying state and local taxes and filing state tax returns. Having the proper tax attorneys on hand to handle these issues can make all the difference in the world when it comes to getting your tax returns filed on time and with the right amount of deductions and credits. If you are unsure what your state tax laws are, you should contact your Fort Collins, Colorado business tax attorney for assistance. You will be glad you did when you have the tax law expert on your side.