Finance Tax

What You Should Know About Attorneys Tax

Published at 03/05/2012 20:36:37


As technical as the term may sound, an attorneys tax is not very different from a regular attorney. Just like a regular attorney, they will have to acquire a Juris Doctor (J.D.) degree and pass a bar exam, which qualifies them to practice law in one or more states. In order to qualify to practice as a tax attorney, they will have to receive advanced training in tax law. They also have to keep up with the latest amendments on tax laws, so as to provide their clients with appropriate and relevant advice in their tax planning.


When Do You Need a Tax Attorney?
The primary function of an attorneys tax is to assist individuals and businesses in their tax and financial planning. If you are dealing with any of the issues mentioned below, then you may require the services of a tax attorney:

A startup business may require the services of a tax attorney to understand the technical aspects of starting a business, in term of its tax obligations and how to ensure compliance with tax laws.A business may hire a tax attorney to reviews its business contracts and assist with negotiation of deals, such as mergers and acquisitions, and to help determine what effect those deals will have on the businesses tax obligation.



An attorneys tax will help to advice a business on how to treat sales, expenses and deductions the business incurs in the provision of its services. In cases of bankruptcy, a tax attorney will provide you with advice on the best bankruptcy forms and advice on you on the possible effects the actions you take my have on your tax obligations, during and after filing for bankruptcy.Individuals with a taxable estate will require the services of a tax attorney to plan and file for estate return tax.Individuals who have committed tax fraud will find the services of tax attorney to be quite useful, in terms of navigating the tax code and following up their case in court.

Tips and comments

Factors to Look For When Choosing a Tax Attorney
There a number of factors you should consider while searching for an attorneys tax, which include:

Their Qualifications: most tax attorneys will have at least a master of law degree (LL.M.) in taxation. However, others may have other additional certifications that will make them more knowledgeable in dealing with various tax issues. You can also contact your state’s bar association, to confirm the membership of a prospective tax attorney.
Their experience: the experience a tax attorney has accrued either directly through their practice, or indirectly by working for an organization like the IRS, could have a huge impact on the quality of services they will provide with.
Their Charges: some tax attorney will provide their services on a pro bono basis. However, this type of service will often be inferior or offer very little level of attention, as compared to the services offered by a professional tax attorney. It may cost you a bit more, but one should always be willing to pay for quality, especially when dealing with such important matters.