by Scott Soldat, Director, Marketing & Business Development
A long debate has ensued over the use of local chain tax preparation services, accounting firms, CPAs and tax attorneys. As with any service, the user must be comfortable with the competence of their chosen tax firm. Rental property owners and landlords should investigate several firms before making a selection. Most owners are concerned about being audited and if or when that occurs you should ask yourself, “Will my tax firm be able to represent me during an audit?” There are many tax deductions that landlords and rental property owners are not familiar with and often miss–leaving money on the table.
ARPOLA has partnered with Kingman-Winslow Tax Firm because they specialize in real estate tax planning and preparation. Maryanne Kingman, President, was in our office a few weeks ago to discuss many of the hot topics that concern landlords and rental property owners.
Top 5 Reasons to Use Tax Attorneys, including:
#1 Advanced Educational Requirements–Simply stated, a Tax Attorney attends law school for as long as a doctor attends medical school.
#2 Protecting Your Legal Rights–Only Tax Attorneys are properly educated and qualified to analyze legal issues, assess risk and protect clients constitutional rights.
#3 Unparalleled IRS Audit Representation Skills–Tax Attorneys specialized negotiation skills and training are unparalleled when representing a client in an IRS (or state) audit. Accountants and CPAs are hesitant to do so and lack training to succeed in Tax Court.
#4 Risk Management–Tax Law is the most complex area of law and requires a professional Law Degree in order to correctly understand and apply the law to assist in avoiding risk.
#5 Tax Consulting Will Save You Money! Watch the video below for details.
More information is available about Tax Planning and Preparation here.