Tax Attorney
Tax Attorneys have strong knowledge of tax laws; hence they advise, navigate business companies, individuals, government agencies in making the right decisions with regards to tax laws, tax disputes, and tax-related matters.
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KEY SKILLS
Analytical
Proficiency in Math
Statistics
Accounting
Audit
Conceptual Clarity
Strong Work Ethics
Oral and Written Communication
Well informed on Government Regulations
Legal Codes
Critical thinking
Problem Solving
Interpersonal Skills
Calm demeanor
Detail Oriented
PROS
It is a very well paying Job
It engages your creativity
You stay abreasted with current developments
It keeps you on your toes
It is a reward based experimental learning
There are a variety of cases
Specialisation in Estate Law
CONS
It is highly competitiveIt is quite technical and could get difficult to understand
Long working hours
It is quite theoretical and dry
A solid foundation of accounting is needed alongwith analytical reasoning
OPPORTUNITY TYPES
GOT WHAT IT TAKES?
Litigation
Firms
Non-governmental Organisations
Advisors
Corporate Entities
Financial services
Federal Taxation
Successions
In-house Counsel
You value evidence over supposition
You actively strive to disprove your own hypothesis
You enjoy challenges
You are methodical
You always take the logical approach
KEY OPPORTUNITIES
Books
Podcasts
Networking Groups
Interesting Facts about the career
An audit occurs when a taxpayer is targeted by the IRS for making errors, committing fraud, or providing otherwise questionable information. It is a thorough investigation of your tax records.
When setting up your will and determining where any money, property, or possessions are going, it might be handy to have a tax lawyer on hand to bounce questions off of. Tax lawyers can help you learn about tax exemption trusts and all of the taxation laws associated with the inheritance of money, property, and possessions.
If you owe the IRS enough money, they can choose to start seizing your assets. These assets include vehicles, homes, off-shore assets, bank accounts, and more. Tax lawyers help you set up a solid defense against the IRS seizing your assets. The IRS will send you warnings, demanding payment. At this point, if you don’t pay, the IRS will send you a final notice, giving you 30 days to request a hearing with a settlement officer.