Tuesday, November 16, 2010
Amongst the wealthy, the secret to keeping most of your fortune away from the wrath of taxes is to have an excellent tax attorney. Tax attorneys, especially those that specialize in estate planning and wealth management, can find loopholes to avoid paying large income taxes and estate taxes after death. These attorneys charge large fees, but these fees are often justified with the amount saved.
Another function of tax attorneys is to help people negotiate back taxes with the IRS when a large sum is owned.