The Peck Group, LC
  • Comprehensive Tax Law Representation Since 1995

    We handle every aspect of tax law: preparing tax returns, representing clients during audits, resolving IRS and state tax controversies, and creating tax planning strategies for the future.

  • Problems With The IRS Or State Tax

    Our attorneys are committed to providing efficient and effective tax solutions for individuals and businesses in Georgia and nationwide.

  • Planning For The Future

    Our lawyers help individuals and businesses with all aspects of estate and tax planning. We help our clients use proactive strategies to minimize tax implications in the future

  • Changing The Balance Of Power

    Does it feel like the government has all the power? Taxpayers have rights, too. We use our knowledge of tax law to shift the balance of power and ensure that your rights are protected.

  • Tax Solutions … And Peace Of Mind

Be cautious of DIY approach to filing taxes, consider working with tax attorney, P.3

We’ve been discussing in our last couple posts the risks of DIY tax filing and the relative benefits of working with tax professionals to file tax returns. As we pointed out last time, both CPAs and tax attorneys have special competencies in handling tax filing. Information shared with a tax attorney is typically privileged, though there are ways privilege can be waived.

Correcting inaccuracies in tax filings is a particularly important area to work with an experienced attorney, because of the potential risks involved. While it isn’t necessarily that difficult to file an amended complaint to report omitted income or correct improper deductions, it can result in more problems if the amended complaint is inaccurate due to a failure to thoroughly examine the extent of the inaccuracies. 

Not only could there be potential civil fines and costs attached to filing an incorrect amended complaint, there could also be potential criminal liability, depending on the circumstances. A skilled attorney can help avoid such problems by ensuring a thorough investigation of the inaccuracies is done and that everything is properly filed.

Another example of when it is important to work with an experienced tax attorney would be when there are inaccuracies in tax filings related to international transactions.  Tax issues surrounding these transactions can get rather complicated and can raise various legal questions for which it is best to have the insight of an attorney. An attorney can also be important in cases where a taxpayer is contemplating a potentially contestable tax strategy.

None of this is to say that tax attorneys are better than CPAs in handling tax filings, but only that taxpayers should understand the respective competencies of these professionals and proceed accordingly. 

No Comments

Leave a comment
Comment Information
Email us for a Response

Talk to an Attorney

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

The Peck Group, LC
5855 Sandy Springs Circle N.E., Suite 190
Atlanta, GA 30328

Phone: 770-884-6914
Fax: 770-933-2369
Atlanta Office Location

Payment Cards