Tax Lawyers are attorneys who specialize in taxation. Their main function is to assist taxpayers with all federal and state tax issues. Some specialize in one specific tax issue such as filing taxes for individuals, estate taxes, or taxes on retirement accounts. Others, such as Certified Public Accountants (CPA), work on a variety of tax issues throughout their careers, also examine your case. There are tax lawyers who work exclusively with businesses on taxes, and there are also accounting and tax lawyers who deal specifically with corporate clients.
Tax Lawyers deal with many complex legal and financial issues that occur regularly with companies and individuals. They also represent clients facing audits by the Internal Revenue Service, Social Security Administration, Internal Revenue Services, tax collectors, or creditors, see Delia Tax Attorneys. These cases range from simple audit notices to complex IRS collections. Tax Lawyers often represent business owners whose companies are accused of tax evasion. Examples include business owners, who are accused of underreporting their earnings to avoid paying taxes.
A growing field in the field of tax law is that of financial planners. They work with individuals, corporations, and other organizations to create financial products, such as pension and retirement plans. Many tax lawyers work in large firms and financial firms. Some are specialized in helping large firms and some specialize in assisting individuals and corporations with tax issues. Many tax lawyers work at the independent level, representing either large firms or individual clients with tax-related issues.
Graduates of the American Bar Association special Masters of Taxation program are expected to specialize in taxation. The American Bar Association special Masters of Taxation program teaches students how to research tax laws and what types of legal documents they may need to prepare. This includes both state and federal tax laws. After completing the bar exam, most graduates go on to find employment in a variety of fields, including accountants, bookkeepers, auditors, public accountants, payroll clerks, or tax lawyers.
Tax lawyers also commonly represent clients in civil cases arising from criminal investigations. Some of these include fraud, property seizure, divorce, and other crimes. In some instances, criminal investigation results in jail time, fines, or collateral for the assets of the opposing party. Tax lawyers represent their clients before the tax court, working to defend their client against any allegations brought against them by the government.
Tax attorneys may be licensed or non-licensed. Those who are not licensed do not hold the same professional credentials as those who are licensed. In most states, tax lawyers must pass the bar exam in order to practice. In order to become licensed, an attorney must complete the state bar exam. In addition to passing the bar exam, lawyers must also pass the court approved ethical standards exam. These two examinations ensure that tax lawyers have high levels of professionalism and commitment to their profession. Read more at https://www.encyclopedia.com/social-sciences-and-law/economics-business-and-labor/money-banking-and-investment/taxation
