What is the tax law? Tax law or income tax law is a field of law in which official or common government agencies, including state, federal and municipal governments employ a body of specific rules and procedures to calculate and collect taxes from a person or entity in a legal framework. For purposes of this article we will focus on the internal revenue administration (IRA). The Internal Revenue Service (IRS) is responsible for collecting federal tax revenues on behalf of the United States government, also suspend all collection efforts against you. This may include providing receipts and other information necessary for tax computations, publishing tax law information, and enforcing tax laws.
Taxation of individuals and businesses is one of the most complex areas of the law. Many taxpayers find themselves at a loss when trying to understand the complicated system of taxation and its effects on their lives. Fortunately, tax lawyers have developed a comprehensive body of knowledge and practical expertise that helps people understand the importance of taxation and how it affects their lives, check Dawn Delia. They can help with estate planning, provide professional legal support to those who are appealing judgments of tax deficiency, and can assist with issues that arise whenever a taxpayer is audited by the IRS.
Tax lawyers generally belong to one of four categories. Based on the areas of specialization that they work in, they could be considered attorneys, public lawyers, forensic tax lawyers, or CPAs (certified public accountants). All of these practice areas require a fair amount of schooling, pre-law courses, and on-the-job training in order to practice. CPAs on the other hand must meet state bar exam requirements, pass examinations, pass criminal background checks, pass the state bar exam, pass state financial institution examinations, and be board certified in order to practice. Attorneys do not need to have extensive degrees in law in order to practice. The sole prerequisite for becoming an attorney is that he or she must pass the American Bar Association's Certified Legal Assistant (CLA) examination.
The litigation practice areas of tax lawyers fall under the areas of: tax litigation, federal tax litigation, state tax litigation, and professional liability litigation. Federal tax litigation involves cases that involve federal tax laws such as income taxes, payroll taxes, death taxes, and inheritance taxes. These federal tax cases are among the most complex and demanding type of cases that this field of lawyers handles.
The forensic tax lawyer, on the other hand, provides tax advice to those who have inadvertently violated the IRS code. Penalties for committing crimes against the Internal Revenue Code are extremely harsh, and serious offenses such as felonies can lead to long prison sentences. A tax lawyer who represents individuals who have been convicted of committing crimes against the Internal Revenue Code can be found guilty of criminal charges if the person's criminal behavior involved an audit or investigation by the IRS. An audit may result in the discovery of financial discrepancies involving an individual's tax account, resulting in possible fines or penalty charges. When these fines and penalties become collection efforts by the IRS, a taxpayer has the right to retain the services of a tax lawyer to advise him or her how to deal with or reduce the pending legal issues.
Tax attorneys work with clients to resolve possible tax liabilities. Clients may also employ these tax lawyers to represent them before state or local taxing agencies. A typical course of action for these types of cases is for a client to seek the assistance of tax lawyers who have a legal education and bar examination certification. Tax attorneys with a bar examination degree can argue and defend cases before the IRS or state taxation authorities. Tax law firms can also offer assistance to individuals and businesses with tax related problems. Read more at https://www.britannica.com/topic/tax-law