Tax attorney specializes in a branch of law called taxation law. They are experienced and trained in policies and rules relating to tax liability and tax processes as related to business transactions, income, estate transfer, and material and intellectual property acquisition among others. They represent both business entities and individuals, usually working as consultants. However, they also represent clients in cases that cannot be solved without involving the court. When one need most experienced and qualified tax attorneys Phoenix, AZ offers the best location to check out. There are many lawyers in Phoenix with several years of experience.
To become a tax attorney, one must start by first completing an undergraduate degree and securing admission into law school. Aspirants of taxation law have an added advantage if they focus on courses like economics, finance, accounting, or business during their pre-law school degree. Applicants of law schools must take and pass Law School Admission Test (LSAT) because admission is usually highly competitive. Services have been coordinated to allow students to register, receive results, and track applications online.
Training at law school lasts 3-4 years. Many students concurrently take courses in taxation law and CPA because they go hand in hand. Universities even jointly offer these programs to students to make it easier.
The first year of study at law schools involves general and foundational courses like contracts, torts, constitutional law, civil law, and property law. At second or third year, students can specialize in courses that are specific to taxation law like income and business taxation. A Juris Doctor (JD) is awarded to students who successfully complete the course. Those interested in furthering their studies enroll for master of laws programs or take courses in other disciplines.
Completion of studies in law school opens the door to the licensure process. Practitioners are required to pass a state bar exam in the state they intend to practice. The bar exam lasts six hours and cover many different legal topics. Practitioners are required to pass an ethics exam before they receive their licenses. The National Conference of Bar Examiners is the body responsible for administering the bar exams.
When faced with matter related to taxation law, clients usually seek the assistance of tax lawyers. These lawyers help clients maintain compliance and to understand taxation policies. They keep monitoring pending legislature and new developments and advice client on their ramifications. In addition, lawyers help with issues related to amending wills and trusts, distributing wealth to beneficiaries, negotiating on behalf of client at audit hearings, and managing personal wealth among others.
Taxation law is subdivided into several other subspecialties one can choose to specialize. Executive compensation, tax litigation, international taxation planning, general corporate tax, and exempt organizations and municipal finance are among the major ones. It is common for practitioners to specialize in more than one subspecialty.
There are a few factors that determine how much a lawyer earns. Experience is the most determinant even though the size of the law firm one is working with is important. Clients usually prefer and pay more to lawyers with experience.
To become a tax attorney, one must start by first completing an undergraduate degree and securing admission into law school. Aspirants of taxation law have an added advantage if they focus on courses like economics, finance, accounting, or business during their pre-law school degree. Applicants of law schools must take and pass Law School Admission Test (LSAT) because admission is usually highly competitive. Services have been coordinated to allow students to register, receive results, and track applications online.
Training at law school lasts 3-4 years. Many students concurrently take courses in taxation law and CPA because they go hand in hand. Universities even jointly offer these programs to students to make it easier.
The first year of study at law schools involves general and foundational courses like contracts, torts, constitutional law, civil law, and property law. At second or third year, students can specialize in courses that are specific to taxation law like income and business taxation. A Juris Doctor (JD) is awarded to students who successfully complete the course. Those interested in furthering their studies enroll for master of laws programs or take courses in other disciplines.
Completion of studies in law school opens the door to the licensure process. Practitioners are required to pass a state bar exam in the state they intend to practice. The bar exam lasts six hours and cover many different legal topics. Practitioners are required to pass an ethics exam before they receive their licenses. The National Conference of Bar Examiners is the body responsible for administering the bar exams.
When faced with matter related to taxation law, clients usually seek the assistance of tax lawyers. These lawyers help clients maintain compliance and to understand taxation policies. They keep monitoring pending legislature and new developments and advice client on their ramifications. In addition, lawyers help with issues related to amending wills and trusts, distributing wealth to beneficiaries, negotiating on behalf of client at audit hearings, and managing personal wealth among others.
Taxation law is subdivided into several other subspecialties one can choose to specialize. Executive compensation, tax litigation, international taxation planning, general corporate tax, and exempt organizations and municipal finance are among the major ones. It is common for practitioners to specialize in more than one subspecialty.
There are a few factors that determine how much a lawyer earns. Experience is the most determinant even though the size of the law firm one is working with is important. Clients usually prefer and pay more to lawyers with experience.
