How Are Tax Lawyers Different From Other Legal Professionals

lawfirm
February 24, 2013

A lot of people seem to believe that tax lawyers are, in many ways, similar to any other legal professional. However, apart from their specialization in tax laws, these attorneys are different from the other legal professionals in more ways than one. Though lawyers and taxes are some of the most unpopular topics for anyone, tax attorneys, ironically, prove to be of great help when businesses and people face tax related problems. Tax lawyers actually work as an opponent of the Internal Revenue Service since these attorneys help their clients pay lesser amounts of taxes. Their extensive knowledge of tax laws and various tax related issues makes it possible for them to help their clients deal with various issues that may arise.

Identification: Tax lawyers are legal professionals that specialize in various issues that are related to taxes. Being experts of the administrative tax laws and the Internal Revenue Code, they can help you prepare your tax returns. However, they can do a lot more than just preparing taxes. When it comes to financial and estate planning related matters, a tax lawyer can do a much better job than an accountant. Like any other legal professional, tax lawyers also had to go to law school, get a degree and be accepted by the state bar association. Some tax lawyers may also have additional degrees in finance, business, accounting, economics and other related subjects.

Function: The job role of the tax lawyers is mainly divided into two categories. The first and most important role is to prevent various problems related to taxes. Businesses, in particular, need to hire tax lawyers that help them structure their business in ways that can help them minimize their tax liabilities. Individuals that own large estates need to hire an attorney who will create their wills and trusts. The attorneys will also help them take necessary measures to reduce their tax liabilities.

Significance: There are other roles of tax attorneys that are equally important. Not only do they help their clients avoid facing tax related problems, they also represent them when they get themselves into some kind of trouble regarding tax related issues. Businesses and individuals need to hire an attorney when they are facing a serious dispute with the Internal Revenue Service.

These were just some of the aspects of a tax attorney. If you are the owner of a business, it would be wise for you to consult these tax issues with a professional tax lawyer.