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No, tax attorneys and CPAs are different professions. CPAs are Accountants and can help with financial planning but not legal tax issues.
In short, No they are different professions. CPAs can provide essential advice concerning financial planning, and they routinely help clients file or correct tax returns. However, they are not well versed in the law. Therefore, they cannot provide advice on complicated legal issues or help clients avail themselves of all available options, including in some cases tax bankruptcy.
What else can I help you with?
Who can help me with IRS problems?
You can seek help with IRS problems from tax professionals such as enrolled agents, certified public accountants (CPAs), and tax attorneys. These professionals have the expertise to assist you with tax issues and represent you before the IRS.
Where can one hire a tax manager in New York?
Tax managers in New York come in two forms: tax attorneys and CPAs who manage and maintain information on tax liability. Both must be licensed with the state of New York (the Office of Court Administration for the attorney, the New York State Department of Education's Public Accountancy division for the CPAs), therefore the state can provide a list.
Where would I be able to find a tax attorney?
I would start in the yellow pages under Attorneys-Tax. If none available, try for CPAs with a tax background. If nothing there, I would go to the nearest College, Jr. College or trade school and see if they have a tax expert on staff.
Can IRS tax attorneys help me with being behind on filing my income taxes?
I would imagine that a tax attorney is well versed in all tax law. This would be extremely necessary when trying to resolve any fines or other problems that would need to be clarified when trying to resolve any income tax issues.
What type of tax preparation training do CPAs have?
CPAs are bound professionally to keep up-to-date with regard to the laws regarding taxes, finance and related matters. Not all CPAs do taxes, though most do. Today, CPAs use computer software programs to file tax returns for both individuals and businesses. While their understand the ins and out of tax law, the "training" regarding the software is provided by the software company. They do not receive special training specifically regarding tax filing because that area is a large part of their extensive education.
Do attorneys pay taxes?
Yes they do the same as other taxpayers filing the 1040 federal income tax return.
What is the difference between income tax today and income tax when it first began?
It was initially a tax on the wealthy, now it taxes the guy who works for a living more heavily than the rich who pay attorneys to construct "tax shelters". See the linked question below.
What is the difference between Gross and net and taxable income?
Gross income: the overall income, from which expenses and tax are not yet deducted. Net income: the pure income, left after deducting all expenses and tax. Taxable income: the income before tax, deducted all expenses except tax.
Does income tax money go to the federal reserve?
Not all income tax goes to the Federal reserve but all money that goes to the Federal reserve comes from income tax.
Do professional punters pay income tax?
all people pay income tax.
How much would a Income Tax Attorneys cost?
Income tax attorney fees vary. Some attorneys will charge a flat rate for a specific service, for example an attorney may charge a fee of 5% of your debt. However, it is more common for attorneys to charge an hourly fee on top of requiring a retainer. On average, one should expect to pay a retainer of $1000-$2000 and an hourly fee of $200-$250.
If you are a sole trader do you pay income tax?
yes however all the income and profits is all yours you are just eligible of paying income tax.
