Cannabis tax audits by the IRS can be challenging. If you attempt to resolve an IRC Sec. 280e or other tax liability issues directly with the IRS but are unable to do so because you operate in the cannabis industry, you may need to file a claim for relief in the United States Tax Court. Even though individual taxpayers have the option to defend themselves in court, the majority of Tax Court litigants will benefit greatly from hiring a Board Certified Tax Attorney to represent them. The U.S. Tax Court has jurisdiction over disputes involving corporate and individual tax liabilities under the Internal Revenue Code.
Why Should You Hire A Board Certified Tax Attorney?
Professionals need experience and training to succeed in their careers. You will get better at your job as you gain more actual work experience. When a Board Certified Tax Attorney isn’t present, most visitors to the U.S. Tax Court are unable to participate in proceedings because they lack the necessary legal and tax understanding. The following are some extra advantages of employing one.
Has Thorough Knowledge Of All Court Regulations And Practices
Following the filing of a Tax Court petition, formal and other necessary procedural requirements frequently apply. These issues will be familiar to a lawyer who represents clients in Tax Court disputes, and he or she can ensure that formalities don’t undermine your case. Your case will be impacted by how committed you are to take these steps. Before trial, the IRS may attempt to settle your dispute and assign blame through the use of its attorneys. A Board Certified Tax Attorney may comprehend the strategic goals of these motions and answer to the Tax Court. Unexpected legal ramifications could result from Tax Court rulings. Before they result in further costs and exposure, a Board Certified Tax Attorney may fix these errors.
A Board Certified Tax Attorney’s assistance may raise the likelihood that your case will be kept on track for the best outcome. because they are accustomed to addressing tax disputes in the United States. A Board Certified Tax Attorney in Tax Court will address any fresh issues before they have a detrimental effect on your case. Your tax attorney will be able to handle the problem when money is limited because they have the knowledge and specialized training needed.
Experienced tax lawyers will spend the time necessary to teach their clients the proper way to behave and communicate with the U.S. Tax Court. This is crucial since a taxpayer’s conduct and sincerity in court can greatly influence the result of the case. A Board Certified Tax Attorney will take every precaution to prevent you from putting your interests in danger each time you speak in front of the Tax Court.
You Save Cash
It is tough to understand how a Board Certified Tax Attorney may assist you to save money given the considerable fees connected with legal counsel that people must pay. The U.S. Tax Court settles the vast majority of matters before it. To help you decide whether to settle your case or move forward with a trial, a Board Certified Tax Attorney will be able to draw upon their experience from several prior U.S. Tax Court cases.
The State Of Calm
Even while you are free to represent yourself in U.S. Tax Court, you might come to regret it, particularly if the decision is against you. Regardless of the situation, you will feel more at ease if you have a certified tax attorney on your side. You can unwind knowing that a specialist who is more familiar with your legal and tax issues is handling your case with the utmost professionalism.
Furthermore, resolving complex tax problems, particularly those involving IRC Sec. 280e often requires more than just discovering the pertinent Internal Revenue Code provisions. A Board Certified Tax Attorney will be familiar with the relevant legal framework to formulate an effective (and solid legal) argument.