Top Manhattan, NY Tax Lawyers Near You

What Is Tax Law?

Tax law covers the rules and regulations governing how federal, New York, and Manhattan governments calculate and collect taxes to fund government operations. It includes income tax, corporate tax, property tax, estate tax, and more. Tax law ensures that people and businesses comply with their tax obligations while also giving them opportunities to minimize their tax burden through deductions, credits, and exemptions.

What Are Some Examples of Situations Where I Might Need a Tax Lawyer?

You might need a tax lawyer if you’re:

• Dealing with an IRS audit
• Facing accusations of tax evasion
• Starting a business and need help structuring it to minimize taxes
• In a dispute over tax liability
• Seeking advice on complex tax issues
• Needing help with estate planning to reduce inheritance taxes
• Negotiating a payment plan for back taxes
• Ensuring your business complies with tax laws

How Can a Lawyer Help Me With Tax Law?

It can be intimidating when dealing with federal or New York tax authorities. Your lawyer can speak and negotiate with them on your behalf to protect your rights. Tax law is complex, an experienced tax lawyer can help you with: 

• Investigating and gathering evidence
• Accompanying you to any government interviews
• Representing you in mediation, negotiations, or trial
• Enforcing court orders
• Filing legal motions

What Could Happen if I Don’t Hire a Tax Lawyer?

You might face significant risks and challenges if you don’t hire a tax lawyer. You could make mistakes on your tax returns without proper legal guidance, leading to audits, penalties, or even legal action. You might miss opportunities to reduce your tax liability through deductions and credits. If you’re dealing with tax disputes or complex tax issues, you could struggle to navigate the legal system and protect your interests. A tax lawyer helps ensure compliance with tax laws, represents you in disputes, and works to minimize your tax liability, providing peace of mind and financial security.

What Questions Should I Ask When Trying To Find a Tax Lawyer in Manhattan?

These questions can help you decide if you feel comfortable that a lawyer has the experience and ability to manage your case. Many lawyers offer free consultations that allow you to understand your options and get specific legal advice before hiring them. The top questions to ask include:

• How have you handled cases like mine?
• What are the potential outcomes of my case?
• What is the timeline for my case?
• Are there alternative dispute resolutions available?
• What are your billing and fee structure?
• How long have you been practicing in New York?
• Do you have access to experts who can support my case?
• How do you approach evidence collection?
• What is your approach to negotiations and settlements?
• What will my involvement be during the process?

Tips for Hiring a Tax Lawyer

Finding a lawyer who is right for you and will represent your best interests is an essential first step in managing your case and protecting your rights. Find a lawyer who understands your case, knows your needs and goals, and has the experience to get the best outcome. Things to do: 

• Ask for recommendations
• Research lawyers online
• Schedule consultations
• Review experience and expertise
• Talk about billing and fees
• Trust your instincts

Where Is My Tax Refund?

The IRS now allows you to track the status of your tax refund. In some cases it may take weeks to process and post to your account. If you feel like you deserve a refund but ended up owing taxes, you should consider talking to a tax professional or attorney about whether you have any deductions available to you that you did not take advantage of.

How Do You File for a Tax Extension?

You can file a form requesting an extension through your tax professional, tax software that you use, or on the IRS website. Any filer can request an extension, but when making the request you must estimate your tax liability and pay it, otherwise you could incur late penalties.

What Taxes Do You Owe?

Determining what taxes you owe depends on your situation. Most people owe state and federal income taxes, Social Security taxes, and Medicare taxes. However, if you own a business, your company may also owe sales and payroll taxes.

How Much Tax Do You Pay if You Are Self-Employed?

If you are self-employed, either as an independent contractor or because you own your own business, you will likely need to make quarterly filings of your estimated taxes. This will account for your income, Social Security, and Medicare taxes. If your net earnings are $400 or more, you will typically need to file an income tax return. There are situations where you may have to file even if you make less than that.