Thanks to changing state and federal law as well as complicated best practices, tax issues can be substantial challenges for individuals and businesses alike. At Harold “Hap” May, P.C. Attorneys at Law, our lawyers are trained and experienced in handling state and federal tax issues that can impact you both personally and professionally.

Some of our clients may find themselves unintentionally in a difficult position and will need assistance with identifying how the error happened and finding an acceptable solution, as well as changing protocol to ensure the same issue does not happen again. Others may feel uncertain about tax procedure from the beginning and prefer to have an experienced attorney by their side each step of the way to ensure greater peace of mind.

Enlisting the help of a reputable Texas tax attorney that is familiar with state and federal law, may be an individual’s or business’s greatest asset when it comes to the handling of important tax issues.

Common Areas of Tax Law That May Require An Attorney for Individuals and Businesses

Tax issues can run the gamut from domestic to international and state to federal. At Harold “Hap” May, P.C. Attorneys at Law, we primarily handle cases relating to the following tax issues:

Tax Compliance

Whether on a state or federal level, both individuals and businesses must be in compliance with all tax laws. On the surface, many of these laws may seem fairly cut and dry, however, the intricacies of each law could inadvertently cause a taxpayer to miss a critical regulation. Even innocent mistakes can still result in a negative impact on a taxpayer’s finances. To ensure that you can stay in compliance with tax laws, it can be advantageous to work with a knowledgeable attorney.

Tax Attorney IRS Representations

If an individual or business should find themselves facing an audit by the Internal Revenue Service, it need not be a reason to panic with a capable attorney by your side. Our staff has experience in working with the IRS regarding adverse collection actions, financial agreements, and intimidation tactics. Let us act as a liaison between you and the IRS to save you from facing the government alone and without representation.

NOL Carryback

According to the CARES Act of March 2020, taxpayers with net operating losses or NOLs during the years of 2018, 2019, and 2020 may be eligible for a five-year carryback of NOLs. The federal laws regarding NOLs prior to March 2020 were markedly different than those set forth by the passage of the 2020 CARES Act. This new legislation should allow some businesses and individuals the possibility of receiving a much-needed refund based on those NOLs. Our attorneys are well-versed in regulations of the CARES Act and can help you file appropriate forms regarding an eligible NOL.

If you are a business or individual who requires either reactive or proactive assistance with tax issues, please reach out to Harold “Hap” May, P.C. Attorneys at Law today to see how we can serve you.