Tax attorney or revenue lawyer is a branch of law that deals primarily with the revenue laws or tax laws which constitute the entire body of laws that govern taxation. Tax attorneys represent individuals and companies seeking to reduce their tax liabilities and help them formulate a tax strategy to ensure compliance with tax laws.
Tax lawyers and tax accountants provide professional guidance on how to minimize tax liability and maximize tax benefits. It is important for you to select a tax attorney who has a good reputation in the business and can offer expert advice.
The attorney's specialty is tax law, which mainly deals with issues such as income tax, property tax, excise taxes, import duties, payment of social security taxes, royalty taxes, property taxes, and various other taxes. A tax attorney's main responsibility is to assist their clients in the preparation and submission of tax returns. Their services may include assisting with filing tax returns, conducting audits and inspections, negotiating tax settlements, preparing statements of tax, and advising clients about the filing and collection of tax liabilities.
As a tax attorney, you must be able to demonstrate your expertise in the subject matter and be able to give a thorough explanation of laws, regulations and rules governing taxation. In addition, you need to possess skills such as analysis, research, decision-making and writing. You should also have knowledge on how tax laws affect various industries and individuals. For example, a tax attorney should have knowledge about property taxes and should be familiar with the requirements and exemptions in different industries. Some states also require their tax attorneys to pass criminal background checks.
Tax attorneys are typically employed by corporations and are usually appointed by the company's Board of Directors. The most common job duties of tax attorneys include preparing and submitting federal income tax returns, submitting financial statements, and reviewing and analyzing bank statements, employee income tax returns, and corporation tax returns. In addition, some tax attorneys specialize in a specific area of tax law, such as estate planning, corporate law, or business law. Other attorneys handle personal tax matters, such as divorce, credit card debt collection, or estate planning.
If you are looking to hire a tax attorney to help with your tax issues, do not hesitate to ask questions to ensure you choose an experienced professional who can effectively represent your best interests. It is recommended that you use a tax attorney who specializes in tax law so that you can get professional advice without having to spend a lot of time searching for the right person. You can request references and check with the U.S. Tax Court System to see if there are any complaints against the attorney in the past.