Taxation law is a branch of law in which specialists are called tax attorneys. These lawyers have deep understanding of rules and policies that apply to tax processes and liability as related to estate transfer, material and intellectual property acquisition, business transactions, and income among others. Their clients can be individuals or business entities, and they usually work as consultants. However, they may be hired for legal representation if a case involved the court. When there is need for qualified tax attorneys Phoenix, AZ should be visited. Phoenix is home to several highly qualified lawyers that can be hired at any time.
Becoming a tax attorney starts with completing an undergraduate degree and enrolling in a law school. The degree can be in any discipline, but for aspirants of taxation law, it is best to major in economics, finance, accounting, or business. Admission into law schools is a competitive process and applicants are required to pass Law School Admission Test (LSAT). Registration and results of LSAT and tracking of applications have been coordinated and can be obtained online.
Training at law school lasts 3-4 years. Many students concurrently take courses in taxation law and CPA because they go hand in hand. Universities even jointly offer these programs to students to make it easier.
First year at law school is usually dominated with foundational courses such as contracts, torts, property law, constitutional law, and civil law. Specialization begins at the second or third year of study, where students interested in taxation law can take courses in topic such as income and business taxation. Successful candidate are awarded a Juris Doctor (J. D) degree. Some lawyers go ahead to earn master in laws degree, while others hold go ahead to pursue other degrees.
Licensure door opens after one is done with studies at law school. It is a requirement before practicing for lawyers to pass the bar exam. Topics covered in the exam are varied and it lasts for the next six hours. Passing an ethic exam is a requirement in some states too. After passing the aforementioned exams, a license is granted. The National Conference of Bar Examiners is the body responsible for administering the bar exam.
Clients are represented by tax lawyers in matters to do with taxation. They help clients understand taxation laws and to stay compliant by offering advice. They monitor all developments in legislature that may affect the income of their clients. Additionally, they help in amending wills and trusts, managing personal wealth, distributing wealth to beneficiaries, and negotiating at audit hearings for clients among others.
Taxation law has several other subspecialties under it, and one may choose any of them to specialize in. Some common subspecialties include executive compensation, general corporate tax, and exempt organizations municipal finance, tax litigation, and international taxation planning. Specializing in more than one subspecialty is common among practitioners.
The level of income varies among lawyers depending on a few factors. One of the most influential factor is experience, although the size of the firm is also important. Lawyers with more experience earn more and are hired more.
Becoming a tax attorney starts with completing an undergraduate degree and enrolling in a law school. The degree can be in any discipline, but for aspirants of taxation law, it is best to major in economics, finance, accounting, or business. Admission into law schools is a competitive process and applicants are required to pass Law School Admission Test (LSAT). Registration and results of LSAT and tracking of applications have been coordinated and can be obtained online.
Training at law school lasts 3-4 years. Many students concurrently take courses in taxation law and CPA because they go hand in hand. Universities even jointly offer these programs to students to make it easier.
First year at law school is usually dominated with foundational courses such as contracts, torts, property law, constitutional law, and civil law. Specialization begins at the second or third year of study, where students interested in taxation law can take courses in topic such as income and business taxation. Successful candidate are awarded a Juris Doctor (J. D) degree. Some lawyers go ahead to earn master in laws degree, while others hold go ahead to pursue other degrees.
Licensure door opens after one is done with studies at law school. It is a requirement before practicing for lawyers to pass the bar exam. Topics covered in the exam are varied and it lasts for the next six hours. Passing an ethic exam is a requirement in some states too. After passing the aforementioned exams, a license is granted. The National Conference of Bar Examiners is the body responsible for administering the bar exam.
Clients are represented by tax lawyers in matters to do with taxation. They help clients understand taxation laws and to stay compliant by offering advice. They monitor all developments in legislature that may affect the income of their clients. Additionally, they help in amending wills and trusts, managing personal wealth, distributing wealth to beneficiaries, and negotiating at audit hearings for clients among others.
Taxation law has several other subspecialties under it, and one may choose any of them to specialize in. Some common subspecialties include executive compensation, general corporate tax, and exempt organizations municipal finance, tax litigation, and international taxation planning. Specializing in more than one subspecialty is common among practitioners.
The level of income varies among lawyers depending on a few factors. One of the most influential factor is experience, although the size of the firm is also important. Lawyers with more experience earn more and are hired more.
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