Most qualified and reputable tax attorneys will charge their clients on an hourly basis for all services rendered. This will typically be an hourly charge of between $200 and $400. In most cases, a tax attorney will require that their client make a prepayment, which is known as a retainer. This retainer will be a prepayment based on the number of hours that your tax attorney believes they will be working on your behalf. As the work nears completion, this hourly fee will be deducted from the retainer. If the money held in the retainer is used up before the job is completed, the tax attorney will routinely bill you for an additional payment. “How much does a Tax Attorney cost?” is an essential question you need to ask when shopping around for a qualified Tax Attorney.
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How Much Will Your Total Tax Attorney Fee Amount To?
This is a question which simply cannot be answered in one easy sentence. The truth is that the total amount of your tax attorney fee will depend on the nature of the problem you bring to them, as well as however long it takes to solve the problem to the total satisfaction of all parties concerned. Remember that not only is your own peace of mind involved, but there is also the Internal Revenue Service which must be satisfied fully.
Certain minor taxation issues can be addressed and fully solved within a few hours, and discharged accordingly. In these cases, a fully qualified and reputable American tax attorney will normally charge between $700 to $1,500 to negotiate these basic issues. In most cases, your tax attorney will be able to negotiate basic payment options (such as setting up a workable plan of payments). If necessary, they can negotiate a compromise settlement between yourself and the IRS (which will normally be subject to very strict income qualifications). They can also work out other compromise settlements, such as a “hardship deferral“. However, costs can run much higher if the negotiations between the IRS and your tax attorney prove to be complicated or unduly prolonged.
What Is A Typical Tax Attorney’s Retainer Fee?
In most cases, the typical retainer fee for a qualified American tax attorney will run their clients between $2,000 to $4,000. This will be true especially in the case of a relatively simple manner, which can be resolved within a few days or a week. In more complex and prolonged cases, a retainer fee can run between $5,000 and $15,000. If your case should end up going to trial, the costs will be even higher.