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.
Becoming a tax attorney starts with completing an undergraduate degree and enrolling in a law school. The degree can be in any discipline, but for aspirants of taxation law, it is best to major in economics, finance, accounting, or business. Admission into law schools is a competitive process and applicants are required to pass Law School Admission Test (LSAT). Registration and results of LSAT and tracking of applications have been coordinated and can be obtained online.
It takes three or four years to compete law school. Taxation law is closely related to Certified Public Accountants (CPAs), which has led to many lawyers pursuing both courses at the same time. Universities have come together to offer these courses jointly to students concurrently.
Students take foundational and general courses during their first year at law school. Such courses include contract, tort, constitutional, civil, and property law. Specialization begins at second to third year and involves taking specific courses like income and business taxation. Students earn a Juris Doctor (JD) after graduation. Some pursue master of laws or other degrees afterward to further their education.
Licensure follows after one completes studies in law school. Every state requires lawyers who practice in it to pass the bar exam. The bar exam covers a variety of law topics and takes about six hours. Some states administer an ethics exam to their lawyers before they are given a license. Administration of the bar exam is done by The National Conference of Bar Examiners.
Tax lawyers represent their clients in matters involving taxation. They provide advice to clients to help them understand the law on taxation and to remain in compliance. They also monitor legislative developments so as to advise clients about impact of new taxation rules. They also help in managing personal wealth, amendment of trusts and wills, negotiate for clients in audit hearings, and oversee distribution of wealth among beneficiaries among other duties.
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.
The level of income varies among lawyers depending on a few factors. One of the most influential factor is experience, although the size of the firm is also important. Lawyers with more experience earn more and are hired more.
Becoming a tax attorney starts with completing an undergraduate degree and enrolling in a law school. The degree can be in any discipline, but for aspirants of taxation law, it is best to major in economics, finance, accounting, or business. Admission into law schools is a competitive process and applicants are required to pass Law School Admission Test (LSAT). Registration and results of LSAT and tracking of applications have been coordinated and can be obtained online.
It takes three or four years to compete law school. Taxation law is closely related to Certified Public Accountants (CPAs), which has led to many lawyers pursuing both courses at the same time. Universities have come together to offer these courses jointly to students concurrently.
Students take foundational and general courses during their first year at law school. Such courses include contract, tort, constitutional, civil, and property law. Specialization begins at second to third year and involves taking specific courses like income and business taxation. Students earn a Juris Doctor (JD) after graduation. Some pursue master of laws or other degrees afterward to further their education.
Licensure follows after one completes studies in law school. Every state requires lawyers who practice in it to pass the bar exam. The bar exam covers a variety of law topics and takes about six hours. Some states administer an ethics exam to their lawyers before they are given a license. Administration of the bar exam is done by The National Conference of Bar Examiners.
Tax lawyers represent their clients in matters involving taxation. They provide advice to clients to help them understand the law on taxation and to remain in compliance. They also monitor legislative developments so as to advise clients about impact of new taxation rules. They also help in managing personal wealth, amendment of trusts and wills, negotiate for clients in audit hearings, and oversee distribution of wealth among beneficiaries among other duties.
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.
The level of income varies among lawyers depending on a few factors. One of the most influential factor is experience, although the size of the firm is also important. Lawyers with more experience earn more and are hired more.