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:

International Tax Law

Many American companies have business that reaches beyond the United States to an international scope. Companies requiring assistance with managing domestic and international business and the implications of tax law that can come with them may benefit from working with a reputable tax attorney. We have experience with common international tax issues such as tax planning and obligations and foreign account compliance.

Individual Taxes

We are ready to help with individual taxes as well. Individuals may require assistance with a particular transaction, long term tax planning, representation on an audit by the IRS or other taxing authority or even estate planning as related to wills, estates, and trusts. Depending on your specific needs we can put together a customized tax assistance plan for you.

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.

Business Taxes

Businesses have to comply with annual and quarterly reporting of their financial activity of the Business’ ordinary obligations to various taxing authorities. Additionally, businesses must also pay close attention to details regarding contract law, mergers and acquisitions (MA), terminations, reorganization, liquidations, dissolutions, and distributions, each of which have unique tax considerations. Our staff can help businesses navigate these common yet complicated challenges for domestic businesses.

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.

Payroll Tax Issues

One of the most common payroll tax issues a company can face is failure to pay withholding taxes. If an employer withholds state or federal taxes from an employee’s paycheck to the appropriate taxing authority. An aggressive collection process begins that can shut down a business and expose the owners and managers to personal liability. We have handled payroll tax issues like these and others and can assist affected businesses.

Tax Refund Claims

Tax refunds can have a substantial impact on the financial outlook of both individuals and businesses. For individual or an entity that does not believe they are entitled to receive a tax refund or have filed amended tax returns or other procedural claims for refund, our tax lawyers are prepared to intercede on your behalf and try to find an acceptable resolution, including court representation when necessary.

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.