Taxation is a very broad topic and can be a confusing one for many individuals. There are many tax attorneys and even more tax accountants and tax planning advisers to help taxpayers understand the various taxation issues. Unfortunately not all tax attorneys are created equal. Some specialize in tax legislation, while others focus on tax relief strategies.
Taxation is the process of collecting funds from an individual or business entity in exchange for the payments it must make for the government. The money that is paid represents the profits and the losses incurred. Taxation laws and the method of its collection vary widely from country to country. While all tax attorneys will be familiar with the subject matter, not all specialize in the same area of taxation.
Many tax attorneys and law firms specialize in taxes aimed at businesses and corporations. They are often referred to as “tax law firms” and have tax attorneys and staff members who specialize in assisting their clients with their taxation issues. Other types of tax issues that they may take on are estate planning, employment law, business transactions, charities and self-employment. They also offer their clients’ information on how to keep abreast of changing tax laws.
For individuals who have legal issues with taxation, most tax attorneys and law firms also offer a service that is often in short supply; that is, a free consultation. At these sessions, a tax attorney or lawyer will sit down with his or her clients to help them develop a comprehensive tax solution designed to meet the particular needs of their situation. Clients are often able to submit fully completed cases to these experts for evaluation and possible legal action.
Like any other profession, becoming a tax attorney or lawyer requires some degree of education and training. There are many state-specific tax courses offered through local law schools or by various professional tax associations. The American Bar Association and the National Tax Lawyers Association both offer special courses to assist those preparing to enter this field. For people who already have a degree of legal education, however, becoming a tax lawyer or tax attorney can be a lot easier. Online courses, which provide preparation for the bar exam, are available from a number of online law schools as well.
Taxation attorneys and lawyers who have an LLM or JD degree are often well-regarded in their communities. In some cases, they may even have their own practice, so it is important to consider the specific area in which one wants to practice. It can be helpful, then, if a prospective tax law student considers taking general courses at community colleges or at state colleges. Some states allow tax law students to take additional courses that allow him or her to specialize in taxation, while others require such students to complete a full four-year degree program at an accredited university or college.