A tax lawyer is someone who concentrates on the application of tax laws to different situations. Tax law or revenue law is a specialized field of criminal law where official or unofficial bodies, including state, municipal and national governments utilize a system of rules and processes to evaluate and collect taxes from individuals or businesses in a lawful context. Tax lawyers deal with various tax issues like preparing, filing, defending and ultimately implementing tax laws. The profession of tax law has many sub-specialties, for instance Tax Lawyer Advocates, Tax Counseling, Tax Lien and Auction Attorneys.
There are many areas of practice for tax lawyers. Prosecution of criminals is one of the most common areas of practice. Tax evasion cases, which involve an offender trying to evade taxes or liens by using some sort of illegal means, are common. This also includes cases wherein taxpayers assert that they have actually paid taxes and claim benefits under sections 8ral, 9opol, and 11th amendments. Other areas of tax law practice include helping individuals or businesses deal with the IRS, drafting and furnishing tax statements, preparing tax reports and audit defense, reviewing penalties and interests, and advising on estate planning.
How Could We Categorize Tax Lawyers
Tax lawyers can be categorized into two groups those who only practice in state and local jurisdictions and those who also practice within the national tax arena. A tax lawyer who practices exclusively within the jurisdiction does not receive much guidance and is usually limited to handling issues that fall under his area of practice. As a result, these practitioners may not have a broad range of experience in other areas of tax law, which can make them less effective at defending clients who may have other problems with the IRS. While practitioners of this form of tax law should have extensive knowledge of state and local taxation, they should also be familiar with federal taxation. They must also be familiar with issues like inheritance taxes, capital gains taxes, and payroll taxes, tariffs, and similar issues that affect their clientele. By taking all of these skills and expertise, a tax lawyer can become an asset to any legal firm and ensure a fair amount of service provided to their clients.
The second skill that a practicing tax lawyer should possess is the ability to communicate effectively. Lawyers must know how to persuade people, especially those who are tax attorneys, to see things the way they do. They must also be capable of convincing people that they need to pay a certain amount of money or file for a particular form. When tax lawyers work with clients, it is often up to them to keep the client on track.
What Are the Prerequisites for Becoming a Good Tax Lawyer
One of the prerequisites for becoming a good tax lawyer is attending and graduating from a reputable law school. The American Bar Association’s bar exam requires candidates to pass a rigorous set of exams in order to become licensed lawyers. Law schools that specialize in taxation and criminal law are particularly well known for their superior training and preparation programs. Some of the top programs at prestigious law schools include the University of Michigan Law School, the University of San Diego School of Law, and the University of New Mexico School of Law. The programs offered by local universities may be lacking in one aspect or another, but the students still have a lot to offer the bar exam.
Attending a high-quality law school is important if you want to become a professional tax lawyer. You will learn much about what it takes to become a good lawyer through on-the-job training and hands-on experience. This will also prepare you for your state’s Bar Examination and help you pass with flying colors. Obtaining a degree from a top-rated law school will not only help you get a good job as a tax lawyer, but it will also increase your lifetime earnings potential.
Tax law or income tax law is a field of specialized law where governmental or popularly authorized bodies, including state, county and federal governments use a body of complex rules and processes to calculate and assess taxes in a uniform legal context. This field of taxation is the basic research subject for all attorneys. Taxation affects everyone; therefore, it is vital that laws regulating this area are enacted with broad input from citizens, representatives and experts.
There are different tax codes that taxpayers must comply with depending on their level of income. The IRS, America’s internal revenue service, is the lead agency responsible for overseeing compliance with these tax codes. There are also professional tax lawyers who are knowledgeable and adept in dealing with various facets of tax law. They can help taxpayers with complicated issues, as well as with applying for extensions, waiving tax penalties and appealing administrative decisions by the IRS.
A tax lawyer or tax professional can represent a variety of clients. He or she can represent individuals or businesses. Some of the most common clients are large corporations, S corporations, partnerships, self-employed persons and individuals. Tax lawyers have detailed knowledge of tax laws applicable in particular areas. For example, an attorney may have knowledge about the tax treatment of real estate transactions, or he may know about the tax consequences of having an inherited asset.
Every tax lawyer or tax attorney has his or her own specialty. An attorney might need to investigate issues like: charitable giving, retirement plans, mortgage interest, rental property and credits, paying taxes, estate taxes, payroll taxes, death records, military veterans and foreign accounts. He might also need to investigate issues that relate to state income taxes, property taxes, driving under the influence of drugs or alcohol, filing bankruptcy, insurances and more. When a taxpayer has many questions about the law, he or she should not hesitate to seek advice from a tax lawyer or tax accountant.
Tax attorneys and tax lawyers offer their services at reasonable prices and in a timely manner. The services tax lawyers provide include advice and representation on federal, state, local, and other tax matters. They assist taxpayers with strategies to avoid potential tax liabilities.
Tax attorneys can be called upon for advice regarding a variety of tax-related issues. They work with taxpayers to resolve federal tax liability, including education, investment, employment and retirement planning. Tax lawyers help taxpayers avoid criminal penalties and civil actions, such as payment of back taxes and penalty assessments. Tax lawyers can also help taxpayers negotiate the resolution of non-tax related issues such as property taxes, real estate taxes, insurances, licensing and permits. In addition, they can advise and counsel taxpayers on issues that affect their finances, estate, pet trusts, child support, immigration, and more.
Mike Fisher is JSBNI’s senior staff writer with years of experience researching and writing about a variety of legal topics. Previously, he worked as a reporter for the Massachusetts Street Journal and got his start at newspapers in New York, Connecticut, and Massachusetts.