Is a Tax Lawyer Worth It?

Tax law is a complex field and can be extremely stressful for many people. Whether you are a small business owner, a family, or a nonprofit, having a tax attorney on your team can help keep you in compliance and reduce the stress that comes with dealing with taxes.

Tax Law Specialists Work for the IRS

As a tax lawyer, you would help the IRS and its clients navigate complicated codes, regulations, and laws. This could include helping a company set up a retirement plan for its employees, or making sure that a nonprofit has the proper documentation and exemptions to stay tax-exempt.

The tax code impacts all of us and it can be confusing to figure out how to comply with the law without making a mistake. As a tax lawyer, you would work with individuals and businesses to help them understand their rights and what they need to do to get ahead.

You would also help taxpayers fight their cases and make sure that they receive the best possible outcome. You may work as part of a team with other tax lawyers or as a solo practitioner.

Typically, tax attorneys earn between $38,200 and $93,500 annually. However, this can vary depending on your experience and the firm you work for.

While a lot of tax-related work does not require a law degree, it is still important to ensure that you have the necessary education and training to be an effective attorney. This can include completing a bachelor’s degree, three years of law school, and passing the Bar exam in your state.

A tax lawyer with a lot of experience can save you money and time in the long run by negotiating a favorable settlement with the IRS for you. Often, they can lower your tax bill by up to 50%.

Negotiating with the IRS is difficult, but a tax attorney has the training and experience to make it go as smoothly as possible. They can prepare the documents that the IRS needs, negotiate your case to the best of their ability, and ensure that you get the best deal possible.

You can usually schedule a free consultation with a tax lawyer to discuss your case and find out if they are a good fit for you. During this conversation, you will tell them about your specific situation and what you need. This will help them determine if they are the right person to represent you in your fight with the IRS.

Then, you can decide whether to hire them for the job. Some tax lawyers offer a flat fee, while others charge a percentage of the damages awarded at the end of your case.

A tax attorney can be a great addition to any legal team, regardless of your budget or location. With the right skills, you can build a strong, successful practice and become an expert in your niche. This career is very rewarding and has a high rate of growth, as well.