Hiring a Tax Lawyer – What You Need to Consider

Oftentimes, people don’t really consider hiring a tax lawyer. But when you unexpectedly receive a letter from the IRS saying that you owe the government some money, what are you going to do?

Well, you have two options: ignore it or pay the amount specified in the letter. The first option will just lead to more problems so it seems that your best option is to pay. But are you just going to pay it without even looking closely into the problem?

Almost all businesses, big or small, have encountered such a situation. But being in business, most of these people and organizations know exactly what to do. They are not just going to give up without a fight, so they hire tax attorneys to help them sort out what needs to be paid and what tax bills ought to be disregarded. If you have a good lawyer, he will be able to help you walk the tightrope and not fall into the abyss, so to speak.

First Things First

Before you hire a tax lawyer, you need to ask yourself if you really need one. Obviously, only you can answer this question since you know your actual situation. If you are required to pay only a small amount of money, then you can forego the attorney services. It would, however, be good to seek the advice of an attorney in regards to how you can avoid this situation from happening again in the future. He may not even charge you for this small consultation.

However, if the tax problem is complicated and too technical for you to handle, this is the time that hiring a tax lawyer would be appropriate. There are other scenarios where hiring a tax lawyer will be important such as if you are being investigated by the IRS or if you want to sue them for making a mistake on your tax bill.

How to Find the Right Tax Attorney

In selecting the right attorney to represent you, you should choose one that you are comfortable dealing with. You should be able to relate to him professionally and in a friendly way, too.

The things that you need to be definite about your attorney are his credentials and his experience. He should be able to provide you proof for the following:

• His law degree, preferably an advanced degree in taxation

• His license to practice his profession in whichever state he is allowed to practice

• His tax specialties

• His professional fees

It would also be good if the attorney is also a CPA, though it’s not really a requirement. His background in CPA will be of great help if your tax problems involve accounting matters, but be prepared to pay higher fees for this type of attorney.

A good thing to always remember when hiring someone is to not be easily impressed with credentials. Focus on his work achievements because that will show if he has used his credentials effectively in his profession.

It would also be good if you could ask around for recommendations. Your friends and relatives might know of a good attorney who has helped them out of their tax issues with the IRS. Hiring a tax lawyer this way will enable you to find one who can really help you with your tax problems.

Why You Should Hire a Bankruptcy Attorney

Money that you've earned is better off in your pocket. A qualified bankruptcy attorney can turn a horrible word like bankruptcy into a breath of fresh air for your financial woes. Remember that filing isn't necessarily a bad thing for people who need it, as the process was created to provide relief.

The Different Types of Filings

Chapter 7 is beneficial for debtors that qualify and want to keep covered properties in exchange for manageable monthly payments. Almost all debts are completely wiped out. Debtors cannot legally contact you to make collections.

Chapter 13 is a court mandated payment plan for all financial problems, giving you three to five years to pay all debt back using new income. You have to pay back a portion of your debt, calculated by how much money you have available and how much you owe, back to creditors. With Chapter 13, there is more responsibility for repayment and continuing payment after the plan. This qualifies for both minor and major settlements.

Chapter 11 and 12 are used for businesses, allowing them to continue to operate without any harm to the business. This is beneficial on many fronts and happens more than you think. The latter is for farmers or commercial fishermen, allowing them to make payments on the season when it is more advantageous.

Student Loans and Tax Debt

Student loans and tax debt are both hard to eliminate. In court, you would have to prove 'undue hardship,' which means that you are completely unable to maintain the lowest standard of living if required to pay back tax debt or student loans. An example of undue hardship is if you become disabled.

Asking Questions That Matter

You cannot just claim bankruptcy; you have to go to a court and petition before a judge. A bankruptcy attorney can help you navigate this complicated process, ensuring the best possible outcomes. Many people are under the impression that bankruptcy will ruin their credit score. However, an attorney will tell you that the bankruptcy will remain on your credit report for ten years but will help you start rebuilding your credit almost immediately. A bankruptcy attorney can also help you keep your house. These laws are federal regulations, and cases are brought to federal courts, not state courts. Many states, however, have homestead exemptions that allow you to keep your house. A professional can help you interpret the laws in your state to protect your home and financial future.

Ohio Real Estate Lawyers

While Ohio real estate law does not require you to have a real estate lawyer, there are certain instances in which having a lawyer may be a good idea. When buying a property that has any common interest developments, it may be difficult for the average consumer to discern between parts of the property that are for one’s exclusive use versus parts that are for community use. Common interest developments, such as condominiums, may have ongoing litigation that may have an adverse effect on the future value of the property. A real estate lawyer can explain what the possible outcomes of ongoing litigation may be, so you can make an informed choice about whether you want to invest in the property. A real estate lawyer can also help ensure that the title to a property is good before a buyer closes on a sale.

Try and find a lawyer who is recommended by someone you trust, such as a friend or family member. Never choose a real estate lawyer simply based on the recommendation of your real estate agent. However, you may be able to find a lawyer who is also a licensed realtor.

You should ensure that the lawyer specializes in real estate law by checking with state and local bar associations and realtors’ associations. The American College of Real Estate Lawyers (ACREL) website provides links to members by state, and has many members from Ohio.

Most lawyers will answer preliminary questions for free. Make a list of your questions and use this list to help you find a lawyer who you think will represent your interests in a competent and ethical manner. Before making a final decision, ask what the lawyer’s charges are. Some real estate lawyers will work on for a fixed fee in more straightforward cases.

Does My Auto or Homeowners Insurance Police Cover Mailbox Damage?

Since 2013, the United States Postal Service has furthered a move that will save the agency billions of dollars. By requiring owners of newly constructed homes to use curbside mailboxes like those used by millions of other homeowners and renters, associated costs will be cut significantly.

Though the change favors cost-cutting efforts, it does involve a degree of inconvenience for those used to the traditional delivery at the door front. That downside, however, does not compare to the real risk the newly introduced location – near the road – presents: exposure to damage from a colliding auto or other type of vehicle.

Due to the fact that mailboxes located at the side of the road are in close proximity of constant car and truck movement, there is an extremely heightened risk of them getting hit and damaged.

Can I File a Related Insurance Claim?

Should another driver hit your mailbox, be sure to ask for his phone number and address as well as his driver’s license information. Following that, make an official police report and file an insurance claim with the driver’s auto insurance. Buy another mailbox like the one you are replacing and save the sales slip so that there is cost proof for insurance recompense.

As life goes, chances are you may not be home if and when your mailbox gets damaged by another car. Then what, right?

Check your doors for contact info that may be left by a summoned police officer or the driver him or herself. You can also call the police and see if there was a police report filed about the accident. In the event you do not discover a note with pertinent contact information or anything about an associated police report, be sure to file a hit-and-run accident police report as soon as possible. If that leads you nowhere, you can still opt for a homeowners insurance claim. Be prepared for either a flat out denial or a denial based on not meeting deductible requisites, though.

In the event your mailbox retained damage due to vandalism, you can do either of the following:

• Make a police report so that you will get repaid by the vandal when apprehended as part of a court decision.

• You can also see if your homeowners insurance policy will cover you for an act of vandalism of this sort. Consult with your independent insurance agency for a professional take on the matter.

Types of Insurance Agents: A Basic Guide

There are many times in your life when you’ll need to purchase insurance. Some of those times are fairly straightforward, and you can easily compare plans on your own and make an informed decision. However, there are also times when choosing the right plan, or even finding out what types of plans are available are not so clear-cut. For example, when you’re buying insurance for your small business, when you’re buying house insurance, or when you’re buying life insurance, you are making some very important decisions about a very complex topic.

When you are shopping for insurance that could impact your life in such a serious way, it’s a good idea to find an insurance agent to help you decide on a policy that’s right for you. There are three basic types of insurance professionals who can be of assistance:

Independent Insurance Agent

An independent insurance agent is an agent that is not in the employ of a single insurance company. Typically, the agent will work with a select number of companies, helping clients to choose policies from one of them. This can be helpful because different insurance company’s policies may have different strengths and weaknesses, with which the agent is familiar. An independent agent is a good option if you’re not sure which company you want to go to, but you know that the price ranges and coverages they offer will be comparable to one another. In essence, you just need the agent to make sure you’re getting the best deal.

Captive Insurance Agent

A captive insurance agent is one which works only for one specific company. Obviously, this type of agent is the right choice when you already know you want a policy from that insurance company. These agents will help you to compare different policies to determine which coverage and price point are right for you. They’ll just be policies from the same company, that’s all. Sometimes clients already hold one type of insurance with a particular company, and prefer to buy new policies from the same company.

Insurance Broker

Insurance brokers aren’t agents in that they do not directly sell policies. Working with insurance brokers is typically reserved for the most complex insurance needs. Insurance brokers contact agents from many different insurance companies to determine what policies are available, how much they cost, and what type of coverage you can hope to receive. An insurance broker may even negotiate with insurance agents to bring the price down.

Another reason you may wish to use an insurance broker is if you want a highly customized insurance policy. If you’re looking for an insurance agency that has policies which can be tailored to your exact needs, an insurance broker could be a helpful resource. However, more and more insurance agencies are recognizing that there is a large demand for personalized policies. As a result, you may find an agency which offers such policies relatively easily, wherever you are.

Use Your Car to Care About Kids

There are many everyday necessities that we take for granted. Food, clothing, and shelter are just a few. We often think that people who don’t have these things live in developing countries across the oceans. If you think the only children who are homeless and hungry live in Africa or in a country where a natural disaster such as an earthquake has just occurred, you have another think coming. Nearly 1 in 50 children is homeless, and over 40% of those children are under the age of 8. In fact, it is estimated that nearly 15 million children in America live below the poverty level and do not have adequate food, clothing, education or health care.

It may be easy to turn a blind eye to this poverty if one lives in an affluent area and never actually sees children living in the streets and suffering. Once people are given accurate information on the levels of this tragedy, however, most people are ready to step up to the plate and find a way to help. With the numbers being so staggering, it may be hard to feel like anything one does will actually help. The more people who put in their little bit, the more that can be done.

You may already volunteer at the local soup kitchen or donate to your church’s humanitarian fund, but there is another great way to help that you may not have even heard about. Did you know that you can donate an old car, no matter what condition it is in and whether it runs or not? That’s right, you can make a big difference by donating your old vehicle – whether it is a car, a boat, or an RV. One of the nice things about this program is that the charitable institution will arrange for the towing at no cost to you. This will actually do you a big favor if you have been wondering how to get rid of that old, rusty vehicle.

The benefit to you doesn’t stop there, however. You will also receive a tax deductible receipt for the value of the vehicle, and some charitable institutions even give you a gift card as a thank you. Enough about the benefits for you, what about the children? Can your old clunker actually help? Your vehicle will be repaired and sold to someone who needs it. Sometimes it can be given to the head of a household so that he can get a job and pay for his children’s needs. Other times it will be sold for parts or scrap. No matter what condition your vehicle is in, it has value, and that will translate to proceeds to help the needy children. It is truly a wonderful situation for all concerned.

Car Insurance – Cushion Huge Expenses and a Legal Protection

A car has become a basic need of families now-a-days. You can see many small, big, different models and companies cars rushed on the road around all the cities. We all know that a good car comes under a luxury item and no one wants to spend money on this on daily basis. Could you afford to buy a new car because one you had damaged or stolen? Yes answer is most of the people can’t. So there is a solution to protect your favorite and needed car- the car insurance.

What is car insurance?

It is a type of a contract between the car owner and insurance company. In this contract car owner pays the premium and the insurance company pays the losses or theft of car. A car is often a high expense and you want to insulate it. So insure your car and feel safe to roam around!

It repairs all types of damages

The aim of such insurance is to serve the victim. It pays to repair all types of damages such as weather damage, flood damage, fire damage and animal smashups. If your car is wrecked due to any mention damage in insurance papers, company will provide you amount for the relevant damage.

Clinches the peace of mind

Same as its spelling “insurance”- it insures peace of mind to deal with daunted bearings that completely hooked with budgeting. Unforeseen situations can happen anywhere with anyone but this type of investment keep your mind peaceful in such situations. It brings immediate relief from stress and survives in such incidents.

Bear thefts- roaming and parking is comfort

Could you purchase a new car because the one you had is pilfered? It’s difficult to bear a loss of theft of your favorite or luxury car. But you may feel recline from the fear of theft if you have insured your car. The company from where you have purchased insurance compensates you the value of car that was stolen.

Easy to excess

Car insurance is an easy and fast process to protect your car. You can purchase or renewed insurance online that is an easy and fast process. It is accessible by anyone as per the time and convenience.

Premiums and claims

Premiums and claims may different according to company’s policy. It totally depends on which type of policy you want to buy. But it is easy to pay premium because companies will provide you online facility to access all information. If you do not claim during the policy period No claim Bonus will offers you renewable policy in certain terms and conditions.

Car insurance contributes to legal, mental and financial peace which makes driving, buying or owning a car easy. It is a best way to boost broad coverage against debt you might face due to car theft or damage.

Best Car Insurance Quotes: Guide to Choosing the Best and Most Affordable Insurance for Your Vehicle

When it comes to auto insurance, rates vary considerably – even for just one person. One company may find you to be high risk and give you a high rate, while another might find you to be a decent driver and give you a lower rate. There are 7 major companies that insure most people in the US, as well as small, regional companies. It’s a good idea that you try to get the best car insurance quotes from both the big name companies and the smaller ones. Evaluate your options carefully.

In order to provide you with accurate options, car insurance comparison sites will require that you provide them some details about your driving record, zip code, current vehicle, and so forth. Even if you have a good driving record, there could potentially be other factors that could affect the quotes you receive, including your city, state, vehicle model and make, and even your credit score. If you’re a student, you might be able to get a discount if you make good grades. There might be an option to get a discount in your area if you complete a defensive driving course.

Decide whether or not you need compensation and collusion insurance. Keep in mind this will only pay you for the current market value of your vehicle if it is stolen or has to be totalled. The cost to carry this coverage may very well cost you more than what the replacement value of your vehicle would be. This is often the case for those who are driving older models or cars with high mileage.

Bundle Discounts With the Best Car Insurance Quotes

If you need other types of insurance, there are usually “bundle discounts” available. You can often get the best car insurance quotes if you group multiple vehicles together, as well as insuring homes, property, and other items of value.

Decide what you want to do about your deductible. The higher the deductible amount you agree to pay out of pocket, the lower your insurance payments will be. However, make sure that you do have enough money in an emergency savings account just in case you really are in an accident. You don’t want to get caught unprepared.

When comparing best car insurance quotes, read over the fine print carefully and make sure you understand extra fees. Some companies will charge you simply to process paperwork. You could save money by arranging for automatic electronic payments. If you still prefer to pay manually, what will the late-payment fee be in case you forget about a payment or are unable to make it on time?

Getting the cheapest auto insurance possible is something that needs to be reviewed every 5 or so years, if not more. The cost of auto insurance is always changing, as is your driving record. It’s definitely a smart idea to search for the best car insurance quotes at esurance. It’s a very simple site to use and you can easily compare multiple quotes in no time at all.

The Functions of a Lawyer

The following are six main points that highlight the functions of a lawyer.

1) Representation of clients in court – especially when charges are leveled against the client by a third party such as the state or another person concerning crimes or criminal actions allegedly taken by the client. Otherwise, the lawyers draw up papers against an offender who is believed to have violated the rights of the client, and stands for the client in court.

2) Drafting of papers and doing legal research on behalf of the client – such as in the writing of briefs and research into relevant facts concerning a particular case. Most of the hard work is done by the lawyer, while the clients merely need to show their face.

3) Providing the client with legal advice concerning actions that need to be taken – also after due research into the law or constitution with regard to a particular situation at hand. The lawyer advises the client on what best course of action to take to best resolve the situation without running afoul of the law.

4) Procurement of patents and copyrights to protect the intellectual property of the client – especially with respect to business. An idea, a trade secret, or an important chemical formula all fall into this category. The lawyer goes to lengths to help the client formally register the products with the government or respective governing body to receive the highest level of protection under law.

5) Executing the last wishes of the deceased – such as a written will stating their precise desires in black and white, a trust, etc. The lawyer helps to see to it that these wishes are carried out to the letter.

6) Prosecution of criminal suspects in court – this is applicable if the lawyer is working for an arm of government, say the Police Department, the Department of Justice, or the District Attorney’s Office.

Donating Your Car to Charity: Make It Easy

There are many different reasons to donate your car to a charity of your choice. If you have a vehicle that you rarely use anymore, takes up space in your garage, and you no longer want, it may be the perfect time to donate your vehicle.

Making Donation Easy

In some cases, people interested in donating a car to a charity may not care about the tax deductions they could qualify for. It may seem more appealing to simply have the charity come to pick up the car and title and take if off your hands.

For those people, the donation process is very simple, and it can be a relief to have the vehicle out of your garage. Other people may be interested in donating their vehicle to help out a good cause and receive the tax deduction benefits that come with making a charitable contribution.

The Donation Process

Depending on how many benefits you want to earn from your contribution, your tax deduction process can differ. If you intend to maximize your benefits and your vehicle is worth more than $ 500, you probably intend to claim full market value to reduce your total taxes.

This can make filling out your taxes more complicated than claiming basic exemptions or simply making a cash donation.

The Itemized Deduction

Claiming full market value for a car is a very difficult process, and the IRS (Internal Revenue Service) tries to dissuade people from completing it by creating restrictions on the market value donation qualifications.

In order to best understand how your contribution affects your federal income tax statements, you need to complete an itemized deduction tax form. If you don't understand this form – or if you are unsure how to proceed after making a donation – you can go to a professional tax firm to have them complete your taxes or hire an enrolled agent, otherwise called a tax expert, to represent you before the IRS.

Finding a Qualified Charity

Not all charities are qualified as tax exempt organization that can provide tax benefits in return for donating cash and non-cash items. The only charities that are qualified are ones that have been approved by the IRS as "exempt," some religious organizations, and charities that are a 501 (c) 3 organization.

If you aren't sure on the status of the charity that you wish to donate to, you can search the internet for the charity and the qualification should be on its website. If the organization does not have a website, the IRS has a page that has a current list of the tax exempt organizations.

Fair Market Value vs. Cash Donations

In most cases, it is rare to receive fair market value for a donated vehicle. A variety of fees and essential expenses accompany car donations, and it is fairly common for vehicles that make their way to charitable organizations to need quite a bit of work to bring them back to life.

More often than not, charities end up scrapping the cars that come in and then take the money from the scrap to apply it to the charity's purpose. The IRS also limits the vehicle's worth to the value that the charity has for it.

If a car will be used for a certain period of time to carry out the charity's needs or if the charity sells the car at a significant discount to someone as a fulfillment of the charity's philanthropic mission, the donation is set at the value of the charity's use for the car.

Understanding your Donation

Make sure that throughout the donation, you keep records of each and every transaction and piece of information that takes place. This will be a significant help during tax season. In addition, make sure that you take the necessary steps to correctly fill out your tax forms.

Your donation can truly make a difference in many people lives. There are many charities that could help many people with your vehicle donation. If you don't want to go through the hassle of donating a vehicle, you can do a private sale and simply donate that cash.

Cash donations are much easier to handle on tax forms than vehicle donations, and it is up to you how you want to proceed. Just remember, any donation that you make changes the life of other people around you.