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.
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.
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.
Clients are represented by tax lawyers in matters to do with taxation. They help clients understand taxation laws and to stay compliant by offering advice. They monitor all developments in legislature that may affect the income of their clients. Additionally, they help in amending wills and trusts, managing personal wealth, distributing wealth to beneficiaries, and negotiating at audit hearings for clients 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.
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.
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.
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.
Clients are represented by tax lawyers in matters to do with taxation. They help clients understand taxation laws and to stay compliant by offering advice. They monitor all developments in legislature that may affect the income of their clients. Additionally, they help in amending wills and trusts, managing personal wealth, distributing wealth to beneficiaries, and negotiating at audit hearings for clients 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.
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.
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