Are you interested in becoming a tax attorney? Maybe you have given thought to the educational requirements, but have you considered the full extent of the job? Or perhaps you are just interested in learning how a tax attorney could assist you or your business. Let’s take a look at how a tax attorney’s services could be useful, but also how this profession could be your next career move!

Educational Requirements

You would begin by earning a bachelor’s degree. A tax attorney typically has a background in business or accounting, so one of these majors may serve you best. After that, you would head to law school to earn your Juris Doctor (J.D.). Once you graduate, passing the bar exam is the next obstacle. It is generally recommended to schedule this exam at least nine weeks out from when you begin studying full time. Once you pass this exam, you can choose to seek another degree known as an LL.M (Master of Laws), for more specialized training in tax law. Or you can just begin your career by gaining firsthand experience while working for a firm. 

Job Description

Tax Attorneys

OK, so you’re a tax attorney, but what does your life look like now? Well, that could vary. A tax lawyer can take part in an array of transactions and, as a result, one job can look quite a bit different from another. In general, the duties of a tax lawyer include:

  • Staying up to date with changing federal and state tax codes.
  • Understanding and practicing generally accepted finance and accounting principles.
  • Maintaining confidentiality with clients while working with their business records and tax information.
  • Assessing complicated tax matters relating both to businesses and families.

Services for Businesses

One key area of responsibility for tax attorneys is to help a business pay its back taxes. Additionally, tax attorneys can help businesses with issues such as employee taxation, business deductions, business income, and state and federal taxation. If your business is struggling in one of these areas, it would be wise to get professional help to ensure that the correct problem is identified, and the most-effective solution is selected.

Services for Families 

A tax attorney can also be a big help for individuals or families. If you do not have experience in filing a single or a joint return, especially if your tax situation is complicated, it may be beneficial for you to consult a tax attorney for advice if you are concerned about avoiding potential problems.

As we’ve seen, tax attorneys can handle some pretty sophisticated matters for businesses and families. The career is rewarding, but the path is a challenging one, especially given the educational requirements. If this field is appealing to you as a potential career, don’t let the initial educational and job requirements intimidate you. And if you have a business or are an individual in need of tax advice, remember that your best bet may be to contact a tax attorney for the most effective solution.

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