Hire a Lawyer to Cover Capital Gains

There are countless reasons you may want to hire a lawyer. But just about any time you brush up against the government, it’s generally a good idea to at least seek out legal counsel to make sure you understand your rights. That being said, one time it should almost always be necessary is when it comes to your taxes. This is especially true if you’re an investor.

While an income tax lawyer is always a good idea, it’s essential if you have investments. Why? Because the returns you receive on those investments fall under what is known as “capital gains” and the tax code treats those differently than typical paychecks. As such you’ll need to declare them a specific way. If you don’t, you risk being accused of tax evasion down the road. The results could be troublesome, to say the least.

A qualified tax attorney in San Francisco will be able to help. But you’ll need to be sure you disclose absolutely everything about your investments. In fact, it’s important that you disclose everything about your finances in general. Keep in mind that you’re dealing with a lawyer, not an accountant. As such, you can feel comfortable telling them anything you want. You’re protected by the attorney client privilege, after all. Unlike an accountant, they won’t be allowed to say anything.

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Article submitted by Law Offices Of Jeffrey B. Kahn, P.C.  They can supply the kind of IRS audit attorney you need to stay out of trouble with the Internal Revenue Service.