Pensacola Tax Preparation Attorney

Pensacola Tax Preparation Lawyer

Taxes can be a stressful process, regardless of whether you must complete them yearly, quarterly, or monthly. When you work with a dedicated professional like a Pensacola tax preparation attorney, the process is often much more straightforward and less overwhelming. Professional support can also limit potential issues with the Internal Revenue Service (IRS) by ensuring your taxes are legally compliant.

At TaxSmith, LLC, our Pensacola tax preparation team boasts decades of experience with the tax code. Whether you are filing as an individual or a business, we can help. We have supported many clients in our community with their tax issues.

We can help you create an effective tax strategy to limit your tax obligations. Our firm understands that taxes can be frustrating for many taxpayers, and we want to provide you with clear and experienced advice.

Taxpayers Who Benefit From Professional Tax Preparation

There are benefits for any taxpayer who works with a professional to prepare their taxes, including reducing stress and potentially saving money on their taxes.

However, taxpayers with more straightforward tax situations are generally equipped to manage their taxes themselves and only need to file yearly returns. Professional support is especially important if you have a complex financial or personal situation that affects your tax filings.

Legal Support When You Have Existing Unpaid Taxes

When you have unpaid back taxes and/or penalties, it is important to hire a tax preparation attorney.

It can be surprisingly easy to accumulate more tax debt than you can repay. For individual taxpayers, the most commonly assessed penalty was the failure-to-file penalty, which accounted for $7.8 billion in unpaid taxes. In 2024, the IRS assessed more than $208 billion in taxes, penalties, and interest.

An attorney can help you address existing tax debt, potentially finding methods to reduce the debt or give you more time to repay it. However, even when you have resolved your tax debt, future tax filings will face further scrutiny. Working with a professional can help you feel more confident in the accuracy and completeness of tax filings, whether you are filing as an individual or a business.

There is a Taxpayer Assistance Center in Pensacola located at 7180 9th Avenue North. When you are dealing with tax debt, you can discuss your case with the IRS here or have your attorney represent you.

Who Else Can Benefit From Professional Tax Preparation?

Other taxpayers who can benefit from professional support while filing their taxes include those who:

• Own a business
• Own a home or rent their living space
• Are an independent contractor
• Are self-employed
• Are an employer
• Have children
• Are disabled
• Have many tax deductions
• Collect governmental benefits, including unemployment
• Have numerous sources of income
• Received an inheritance
• Are paying off federal student loans
• Own international assets or investments

These circumstances can require unique filing requirements, such as estimated quarterly payments or deposits at pay periods. Other circumstances require additional documentation to prove to the IRS that you qualify. A tax preparation attorney can help you gather this information and determine what you have to pay and when. This support could also prevent future issues with the IRS regarding your taxes.

Why Is It Beneficial to Hire a Tax Preparation Attorney in Pensacola?

A tax preparation attorney in Pensacola can help you prepare your tax documents and plan a tax strategy for tax avoidance. An attorney can help by:

• Determining the tax forms required for your unique situation
• Filing your yearly tax returns, business payroll deposits, and/or self-employed quarterly estimates
• Analyzing your tax documents, such as returns or deposits, for accuracy and legal compliance
• Walking you through the tax preparation steps
• Determine how you can minimize your tax obligation through legal deductions and credits
• Navigating an audit or investigation
• Negotiating with the IRS and representing your financial interests
• Planning for your future tax obligations
• Providing you with actionable advice about your taxes
• Creating an estate plan that supports your tax strategy

This support can ease your stress significantly and potentially save you money.

FAQs About Pensacola Tax Preparation Law

Is It Worth Getting a Tax Lawyer for Tax Preparation?

Working with a tax lawyer for tax preparation may be worth it if you have uniquely complex financial issues and need legal advice. While anyone can benefit from a professional’s support when filing their taxes, individuals such as business owners or those with multiple income sources can find significant benefits from legal guidance on their taxes. An attorney is also useful if you are dealing with tax liability issues.

What Kind of Lawyer Do I Need for Preparing Taxes?

You want a tax preparation lawyer to prepare your taxes. A tax preparation lawyer will be knowledgeable in the federal, state, and local tax codes of your area and how those apply to your finances or your business. If you have tax debt or complicated financial circumstances, it is useful to get legal advice from a tax preparation lawyer and avoid potential complications in your tax returns, estimated payments, or deposits.

Can a Tax Attorney Negotiate With the IRS?

A tax attorney can negotiate with the IRS if they are licensed to do so. Always verify the credentials and professional reputation of an attorney. The right attorney can provide several benefits when you have issues with the IRS, such as tax debt you cannot repay, collection actions, or audits and investigations. An attorney can represent your interests to the IRS. They can also help you prepare your taxes to limit these issues in the future.

How Much Does a Tax Preparation Attorney Cost vs a CPA?

A tax preparation attorney will often have a higher cost than a CPA (certified public accountant), but the costs of both professionals will vary significantly based on their experience, abilities, and the specifics of your tax preparation needs. The average hourly cost of a tax attorney in Florida is $389.

Both attorneys and CPAs have the qualifications and knowledge to prepare taxes. Unlike CPAs, attorneys can provide legal advice and typically have more experience with complex legal and tax issues.

Work With Experienced Attorneys at TaxSmith, LLC

If you need legal advice and support while filing your taxes in Pensacola, contact TaxSmith, LLC today. Our firm is proud to support families, individuals, and business owners with their tax needs throughout Florida. We can provide tax preparation strategy and support throughout the year, ensuring you are prepared and limiting the risk of tax issues.