How to Find a Good Real Estate Tax Attorney

Posted on: May 27, 2022

Navigating the world of taxes can seem daunting and complex, yet having an excellent real estate tax attorney by your side will give you peace of mind and make the process all that much easier. As you prepare for tax season and contemplate your various investments, real estate properties, and business operations, you can enlist a top-notch attorney to assist you on this exciting journey. Wanting a smooth transition into tax season? Search no further! Here are some helpful tips on how you can discover the real estate tax attorney who is right for you and your lifestyle. 

What is a real estate tax attorney?

 

So then, what exactly is a “real estate tax attorney”? What is their role and what do they do? In the words of the career website Indeed, “A tax attorney is a finance professional who specializes in the policies of tax liability in relation to income, business transactions, intellectual and physical property acquisitions, and estate transfers.” They can work in a variety of avenues, whether it be partnering with a law firm, serving clients who seek their expertise, assisting nonprofits and businesses, etc. A tax attorney brings a wealth of wisdom and experience to the table. They know the inner workings of the law and are well equipped to help their clients to better understand how to comply with tax laws. 

Why do you need one? 

 

What are the circumstances where you might need a tax attorney for your real estate endeavors and investments? When might this come into play? As per Justia, “Some situations in which a tax professional may help include when the homeowner does not meet the principal residence exclusion, they operate a business out of their home, or when the home was acquired through an inheritance or transferred from a divorce.” 

Other examples include the following: a tax professional can advise you on the required course of action as it pertains to taxes and selling your home, and they can make sure your tax return is prepared correctly. Not all tax preparers will be equipped to perform this vital task which is why it is paramount to enlist an enrolled agent, tax attorney, or a certified public accountant. 

How to choose

 

With such a plethora of professional and business-savvy tax real estate attorneys out there, how do you find the one that is right for you? One great way is by asking for recommendations from trusted family, friends, and your real estate agent. You can ask questions about which attorney they went with and what their experience was like working with them. 

Also, be sure to do your research. As you evaluate a tax attorney’s qualifications, take into account their experience and background in the field. Do they have the required credentials? Are they clear and upfront about their fees? You can also check for reviews online and references from their previous clients. By doing your due diligence and gleaning information about prospective finance professionals, you will be more than ready to face this tax season head-on. 

Are you interested in learning more about real estate investments or wanting information about buying properties in the Back Bay area? Feel free to contact Ryan J. Glass Real Estate for all your house, luxury condo, or property needs. Our team would love to show you some homes and townhouses for sale in our Back Bay location. Let’s get started today in helping you find your perfect dream home! 

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