Illinois Lawyer Referrals and Legal Guidance
Illinois Tax Lawyers
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Illinois tax attorneys provide a wide variety of services to address your personal tax issues from past, present, and future. These services can help you save money and address tax problems that arise in the past, present, or future.
IRS Audits
Many Illinois tax attorneys are also Certified Public Accountants (CPA’s). In the event that your filed tax return is selected for audit by the IRS, an Illinois tax attorney can assist you in the audit process. Whether or not the attorney assisted you in filing the return, a tax attorney familiar with the details of the audit process can reduce the pain and stress that typically accompanies an audit.
Delinquent Income Tax
For a variety of reasons, many taxpayers find themselves straddled with overdue taxes, sometimes resulting in liens on property or wage garnishments. Illinois tax attorneys can help you ease the burden of delinquent taxes by dealing directly with the IRS to find an alternative payment arrangement that meets your needs. Such alternatives include settlement agreements (requiring one reduced lump sum payment) or installment plans (requiring several smaller payments spread over time). Once an arrangement has been made, an attorney may also be able to have the IRS remove any property liens or wage garnishments in lieu of your compliance with the settlement.
Property Taxes
In addition to addressing your personal income tax issues, a tax attorney can also help resolve your property tax issues. As with income taxes, delinquent property taxes can pile up and result in burdensome penalties, interest, and property liens. A tax attorney can represent you in direct negotiations with the city or county tax department and arrange settlements, installment payment plans, and relief from penalties interest, and property liens
In addition to helping pay past due property taxes, Illinois tax attorneys can help you reduce the amount of your current and future property tax bills. In most cities and counties, a tax assessor conducts valuations of all properties to determine a taxable value. This value is then multiplied by the applicable tax rate (or mileage rate) to determine your property tax owed. A tax attorney can conduct valuations of your property to contest the tax value assigned to your property by the county assessor. If your appeal of the assessed value is successful, you will see direct savings in your current and future property tax bills. Most attorneys who appeal to have a tax bill reduced work on a contingency basis. This means that they get a percentage of the amount that they save you and if they fail you owe them nothing.
Investment Strategy/ Estate Planning
In addition to income and property tax issues, Illinois tax attorneys can help you make investment and estate planning decisions to reduce tax liabilities far into the future. In the investment arena, an effective tax attorney can recommend strategies for investing your money in stocks, bonds, mutual funds, real estate, and other avenues to avoid paying unnecessary taxes. Likewise in the field of estate planning, a tax attorney can help you create a will or trust to reduce tax liability when transferring property during life and upon your death. Both service offerings will help you make decisions that protect the wealth of your family and avoid paying unnecessary taxes.
Criminal Tax Issues
Sometimes a failure to pay taxes turns into a criminal matter. If the FBI, Department of Justice or other Federal or State agency gives you any indication that they may consider criminal charges against you, we would not recommend a tax lawyer for you. Rather we would recommend that you seek a Federal Criminal Defense Attorney. Remember, anything you say can be used against you. As a result, we don’t recommend that you make any statements to the FBI without an attorney present.
If you have any questions about tax issues in Illinois or would like an attorney referral please call us at (312) 346-5320 or complete our confidential contact us form.
Since 2001, findgreatlawyers.com has helped countless people with tax problems in Illinois. See for yourself why our users feel that our service is like having an attorney in the family.
