Tax Promoter/Tax Shelter Issues
If you’re facing IRS scrutiny due to your involvement with tax promoters or tax shelters, Brotman Law is here to help you. We meticulously analyze your case, crafting a customized defense that addresses IRS allegations and seeks to resolve issues favorably. Our goal is to mitigate penalties, negotiate settlements, and safeguard your financial interests throughout the process.
SAVE YOU MONEY
We save you money in the current tax year and create savings that will undoubtedly send a ripple through the coming years. In the long run, thousands of dollars will grow to hundreds of thousands, then millions in savings.
GREATER WEALTH
We help you keep more money in your pockets for investing, saving, or anything else that contributes to a good life. Our attorneys strive to reduce your lifetime tax liability by implementing different legal tax optimization strategies.
PEACE OF MIND
We work with you to ensure every item is correctly captured on your tax returns allowing you to enjoy greater peace of mind.
Overview
With a deep understanding of IRS procedures and audit protocols, our attorneys develop a strategic defense tailored to your unique situation. We will provide you with guidance on how to prepare for IRS interactions and advocate on your behalf. By involving a tax attorney early in the process, you can proactively address IRS challenges, protect your rights, and ensure compliance with tax laws.
We also represent tax promoters accused of misconduct towards their clients. With a deep understanding of both sides of tax defense, we leverage our insights to provide effective advocacy and ensure fair treatment under the law.
THE RIGHT THING
What Else Should I Know?
When evaluating tax strategies, we meticulously assess various factors associated with tax promoters or shelters. Our process begins with a thorough examination of the strategy’s complexity and its alignment with current tax laws and regulations. This includes scrutinizing each approach to identify any indicators that could draw IRS attention. Our proactive approach ensures clients understand the risks involved and are prepared to navigate challenges confidently.
Additionally, we gauge the aggressiveness of the tax strategy and how it might be perceived by tax authorities. This assessment helps us anticipate compliance issues or ethical concerns, allowing us to address risks preemptively.
If the IRS determines the strategies used are not appropriate, you may be faced with owing back taxes, as well as substantial financial penalties and interest charges. Beyond financial consequences, there may also be reputational risks and legal ramifications associated with engaging in unethical tax practices.
We recognize that most clients did not intend to make a mistake, given the complexity of taxes, so our commitment is to offer clear guidance and unwavering support as we guide you through the process of getting complaint. If the strategy used is backed by previous legislation and the IRS made a mistake, we will gather the necessary documentation to support your stance. If the IRS is correct in their position, we will then strategize on the best way to mitigate penalties and fees.
Either way, we start by measuring the hole you’re in, and strategically plan our way out. There is always a solution, and we will help you get there.
Navigating IRS inquiries and audits demands a proactive and strategic approach, which is a cornerstone of our service at Brotman Law.
Here, we prioritize proactive measures to prepare clients for IRS interactions effectively. Whether it involves clarifying discrepancies, providing additional documentation, or representing clients in audit proceedings, we advocate vigorously to protect our clients’ interests and minimize disruptions to their business operations or personal affairs.
Our commitment extends beyond mere compliance; we strive to foster a collaborative relationship with the IRS on behalf of our clients, aiming for efficient resolution and maintaining positive communication throughout the process. By leveraging our experience and collaborative approach, we help clients navigate IRS interactions with confidence and achieve favorable outcomes.
WE KNOW OUR STUFF
With years of experience and a track record of successfully handling complex tax matters, we bring a wealth of knowledge to every client engagement. Our teams stay informed of evolving tax laws and regulations, allowing us to devise and support innovative strategies.
IRS COMPLIANCE
We have successfully guided hundreds of clients back into compliance, proving the effectiveness and reliability of our strategies. With extensive experience navigating IRS procedures, we adeptly protect our clients’ financial interests.
PERSONAL ATTENTION
We understand that tax matters can be complex and overwhelming, which is why we prioritize personal attention and accessibility. Our dedicated team takes the time to listen to clients’ concerns, explain complex tax concepts in clear terms, and develop customized solutions that align with their goals.
Our Clients Will Tell You: We Get Results.
Why Do You Need a Tax Attorney?
Hundreds of $1,000,000s
Saved in Tax Penalties
100+
Appeal Victories
$1B+
Saved in Taxes
150+
Multimillion and billion-dollar corporate transactions
11+
Tax Services
400+
Clients represented in an audit
$160M+
in ERC Tax Credits
Our Thought Leadership Has Appeared In
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STILL HAVE QUESTIONS?
A tax promoter or tax shelter refers to strategies or arrangements designed to minimize tax liabilities through legal means. These can include investments, partnerships, or trusts structured to reduce taxable income or defer tax payments.
It’s essential to conduct thorough due diligence and seek professional advice from a qualified tax attorney or advisor. Assess the promoter’s track record, understand the strategy’s compliance with tax laws, and evaluate any potential risks or red flags before engaging in any tax shelter or promoter arrangement.
Not necessarily. While many tax promoters and shelters comply with tax laws, some may involve aggressive or potentially abusive practices. It’s crucial to ensure that any tax strategy is compliant with current tax codes and regulations to avoid penalties and legal consequences.