The income tax attorneys are the lawyers who can help you in your income tax related problems. In most of the cases an income tax attorney is hired after the auditor has done his/her audit. Income tax attorneys are deals with the problems that are ruptured under the income tax act.
They are different from tax consultants. Tax consultants can only offer suggestions on how you can limit your tax burden and also tell you about the possible outcome strategies for your tax issues. Contrariwise an income tax attorney will help you to achieve the solution of your problems.
There are a lot of people who are not able to comprehend the tax laws completely; this may be because of the legal terminology that is used in the law. Because of this they can misinterpret the things and also they could not keep them updated.
Hiring an income tax attorney can help you a lot in several ways especially if you are in a big city like Toronto. Here are some situations when hiring an income tax advisor Toronto becomes necessary:
- When the owner of a small business is not been able to pay the taxes for few years
- When the assessment given by the tax officer is not acceptable to the taxpayer
- When the taxpayer’s account books is destroyed due to a valid reason like fire, natural calamities or other types of disasters
- When a taxpayer has avoided paying the tax
- When the client is not able to follow the requirements of the tax act, possibly due to a lack of information on accounts. You may hire a Toronto chartered accountant in order to gain full knowledge on accounts
- If during a tax audit, the taxpayer is needed to pay more amount of taxes than they already have paid
- When a taxpayer desires to pay his tax in instalments