Summary: It's often said that only two things in life are certain: death and taxes. Tax attorneys spend their time trying to ease the financial burdens associated with both.
- What Does a Tax Lawyer Do?
- Tax Planning for Businesses and Tax-Exempt Organizations
- Tax Litigation: What Does a Tax Litigation Attorney Do?
- Employee Benefits: Tax Lawyers Administer Employee Benefit Plans
- Personal Estate Planning and Tax Planning: Tax Lawyers Work on Estate Planning Issues
- What is Life as a Practicing Tax Lawyer Like?
- Where do tax lawyers work?
- Who are their clients and what types of cases do they work on?
- What daily activities are involved in tax law?What is the general job description of a tax lawyer?
- What do tax lawyers find rewarding about their practice?
- Becoming a Tax Lawyer: The Training and Skills Important to Tax Law
- How do people enter the field of tax law?
- What does it take to be a tax attorney? What skills are most important to tax lawyers?
- Tax Lawyer: Educational Requirements and Career Summary: What classes and law school experiences do tax lawyers recommend?
What Does a Tax Lawyer Do?
It's often said that only two things in life are certain: death and taxes. Tax attorneys spend their time trying to ease the financial burdens associated with both. For individuals, tax attorneys use trusts, gifts, and various tax planning structures to reduce the burdens of income taxes and estate taxes, and they assist in devising investment strategies. For small businesses and corporations, tax attorneys also use various structures to ease the burdens of taxes, typically in the context of planning organization structure (e.g., partnership or corporation) and determining the tax consequences of financial decisions and transactions. Each financial decision made by a corporation, from financing of debt to depreciation of assets, must involve a consideration of the impacts of the tax code.
The basic idea of taxation is simple: imposing a financial obligation upon individuals and companies to finance the many services provided by government, including building schools and roads, securing national defense, and providing social services. But the variety of taxes we have-at the federal, state, and municipal levels-and the wide range of activities that are taxed (as well as the wide range of activities that are exempt from taxation) make for a remarkably complex area of law. Tax lawyers help their clients navigate the highly technical statutes which make up our tax laws. Tax lawyers work in a wide variety of fields, several of which are described below.
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