When taxpayers receive notification from the IRS about a tax problem, their main goal is to resolve the issue and make the problem go away. In some cases, when the tax debts are significant or the taxpayer denies the alleged wrong-doing, litigation is the only course of action.
Whether it is a financial transaction, an investment or real estate purchase, nearly every transaction is taxed. Tax planning involves mitigating risk and liabilities to find the most economically viable business solution. Tax law is highly specialized and failing to consider tax consequences is detrimental to business growth and development.