Tax attorneys must complete extensive legal schooling before they are able to legitimately represent clients in matters of federal tax liability. Most obtain a bachelor’s degree in a related field such as business or accounting before completing formal law school. After completing the required number of credits, they may be eligible for a law degree from a local or state university. Some states require candidates to pass a test before becoming licensed in this field, while others do not. Still others will accept candidates with no college degree but many years of practical experience in the same area.
Tax attorneys must know all of the various tax laws for each state in which they practice. They must be familiar with the changes that occur regularly, both at the state and national level and be able to change their strategies to conform with those changes. Tax attorneys are required to take a comprehensive ethics test to ensure that they are fully qualified to practice before the IRS. Tax professionals with an accounting background usually pass this test easily because of their knowledge of accountancy and general business ethics.
Tax attorneys are needed more than ever because businesses of all sizes are struggling to keep up with the changes that tax law makes on a regular basis. Small businesses have less to worry about than large corporations, but even these businesses occasionally run into problems that require the expertise of an attorney. Business owners must decide how they will handle their taxes for a particular year and then plan accordingly. Tax services are available to help them complete this process in the most efficient way possible.
Tax attorneys often deal with complicated tax issues that involve international transactions. For these cases, it is often necessary for an attorney to work with a business tax relief firm. These firms represent a variety of different businesses and individuals and provide effective tax advice to clients. Tax attorneys can also specialize in one particular area of taxation, which allows them to provide specific tax relief to their clients. For example, some tax lawyers work exclusively with businesses that are delinquent on their federal tax obligations.
Some criminal tax fraud goes as far as to attempt to commit tax fraud on an individual or company level. Criminal tax fraud is when a person or entity tries to make tax claims that aren’t actually valid. For example, some people may try to claim tax credits for purchasing a home that they didn’t really buy. Others may use tax fraud to obtain government refunds.
When you’re thinking about hiring a tax attorney, you should know what his or her specific duties are. You should also know if he or she provides a tax lawyer referral service. Some people might need to find an attorney for special reasons, such as if they’re being investigated for criminal tax fraud. In this case, you’ll want to make sure your tax lawyer has experience with the investigation and all the elements of the case. This might be something you discuss with your current lawyer before you hire someone else.