What Does a Tax Attorney Do?
A tax attorney has the experience and the expertise to help you handle your taxes. They can also negotiate with the IRS for you. If you have received an audit notice from the IRS, it is a good idea to hire an attorney to represent you. Depending on your case, you may be able to find free assistance through the Taxpayer Advocate Service.
The IRS can be intimidating to deal with, and having a lawyer on your side can help you avoid financial damage. Tax law is a highly complex area of law, and it changes often. Your tax attorney can keep up with the latest changes to the tax code, and ensure that you are in compliance with all of the laws.
Tax attorneys can work in a variety of fields. Some can counsel businesses and individuals
agency, while others can work in an accounting firm or a boutique tax law firm. You might be able to get free legal assistance from the Taxpayer Advocate Service if you are a low-income person. However, you can still have to pay for your attorney.
Tax attorneys usually charge a flat fee or an hourly rate, depending on the complexity of your case. On average, tax lawyers can charge $295 to $390 per hour. For a tax attorney to work on your case, he or she will need to have a law degree and take the state bar exam. It can be difficult to determine whether a lawyer is qualified to handle your case, so you should check out their references and their website before hiring them.
Besides dealing with the IRS, you can also have your lawyer help you with a variety of other tax-related issues. Some tax attorneys are experts on wills and trusts. Others specialize in personal wealth management and estate planning. Whether you are looking to purchase a new home, have questions about asset allocation or have just inherited a foreign property, your tax attorney can help you.
Tax lawyers can also help with more resolving complex issues
, such as defending you from an IRS audit. An attorney can work with you to negotiate a settlement and even stop a levy. Having an attorney on your side can be especially important if you are facing criminal charges from the IRS.
Those who want to become tax attorneys need to take a number of classes in college, including economics, finance, and accounting. Ideally, you should take rigorous classes so that you can earn good grades. Law schools tend to have an intense competition for admission. Once you have completed your degree, you must pass the Law School Admission Test (LSAT) and the state bar exam.
Getting into a top-tier law school requires strong test scores. You should also have good grades in high school, and take some challenging classes to help you prepare for the test. There are many factors to consider, such as the length of time you have lived in the area and your academic record. You can get more enlightened on this topic by reading here:https://en.wikipedia.org/wiki/Tax_advisor