Tax attorneys represent clients before federal, state and local taxing authorities as well as individuals and businesses under audit by the IRS. Other roles of a tax attorney include structuring, negotiating and documenting business entities and advising clients regarding tax-oriented financings, joint ventures, tax-exempt organizations, taxation of compensation, estates and gifts, and the U.S. taxation of international transactions.
On a day-to-day basis, tax attorneys advise corporations and high net-worth individuals with respect to all areas of tax law; monitor legislative developments and advise clients with respect to the potential impact of pending legislation on their businesses and personal finances; and appear before federal, state and taxing authorities.
Tax law is a broad area that encompasses a number of sub-specialties such as general corporate tax, executive compensation, tax litigation, international tax planning, exempt organizations and municipal finance.
A Juris Doctorate degree is a minimum requirement to work as a tax attorney. Many tax attorneys also possess a C.P.A. (Certified Public Accountant), an MBA (Master’s in Business Administration) and/or an LL.M. in taxation.
Solid accounting and math skills, excellent oral and written communication skills, as well as top-notch analytical and critical thinking skills are required to practice in the area of tax law.