Dec 13, 2017 · If you’ve been an attorney long enough, you probably know some general truths about your client base. You might know how much money they make and whether that aligns with what they want to pay for legal services. Perhaps you’ve heard enough similar cases to know broadly what they’re going to share in an initial consultation.
Your financial team is comprised of your different insurance agents, your CPA or tax preparer, your bank, any investment advisors with whom you are working, and your estate planning attorney. Everyone has a financial team, and they all need a Financial Quarterback. Let’s look at some potential pitfalls of not having a Financial Quarterback.
Oct 20, 2016 · Do you trust them to tell it like it is? Be the quarterback. The quarterback is the most important member of the team. They assess the situation on the field, look for their options, and make the ultimate decision on how to act. The quarterback needs to be able to trust his teammates to be in the right place, and to carry out the play he initiates.
currently scheduled. In Paragraph 2, write in the new date you would like. The new date should be the same day of the week as the current schedule. Complete Paragraph 3. Check the box that applies and explain why you want to move the date . Complete Paragraph 4. Check the box to show whether the other side has agreed to the new date. If you do ...
You may have heard the term "power of attorney" in the context of giving someone the legal right to make medical or financial decisions on your behalf. Using Form 2848, Power of Attorney and Declaration of Representative, doesn't grant the IRS such broad powers. It only authorizes another individual to deal with the IRS for you. This can include: 1 negotiating a payment plan, 2 signing on your behalf, 3 receiving copies of IRS notices, 4 responding to notices on your behalf, 5 accessing transcripts from your IRS account and 6 appealing a dispute with the IRS.
To revoke an IRS power of attorney, you either file a new form naming someone else as power of attorney or write "REVOKE" across the top of the first page. Then sign and date below the annotation and mail the form to the address listed in the instructions.
If you have an unresolved tax debt, a power of attorney allows your lawyer to negotiate payment arrangements. You can list up to three representatives on the form. By checking a box under the person's name, you can authorize the IRS to send copies of any confidential tax information to them.
Unenrolled return preparers (only if they prepared the tax return in question) Corporate officers or full-time employees (for business tax matters) Enrolled retirement plan agents (for retirement plan tax matters) Representatives who work in a qualified Low Income Taxpayer Clinic or Student Tax Clinic Program.
At a minimum, you'll want to know about the lawyer's expertise and whether the lawyer is a veteran or beginner attorney, for instance. Your legal issue may very well be handled by someone who is fresh out of law school, (or not). It all depends.
You'll also want to know about a lawyer's expertise and how much of the attorney's practice is devoted to topic area your legal issue falls within. For example, if you need help with an adoption case, you may wish to seek a family law lawyer who has worked on, well, adoption cases. Click here for a full list of practice area definitions.
This is an important, but often-overlooked question. For example, if you are an individual with a particular legal problem, but the attorney your meeting with represents only corporations, this may not be the best lawyer for you. Likewise, you may wish to know the financial background of some of the lawyer's clients.
Now is not the time to act shy. Feel free to ask about the attorney's track record, such as the number of cases won or settled, for example.
Some cases, like DUI and patent cases, require specialized training and knowledge for effective representation. Be sure to inquire whether your case fits into that category.
This step is obviously an important one. You'll want to know whether you can afford the lawyer's services and how you will be required to pay. This is also the time to ask about payment options and how often, and under what circumstances, you will be billed.
This can be important in two ways. First, if you are seeking an amicable divorce, for example, but the attorney is known to "go for the kill" in divorce cases, the attorney may not be the right one for you.