A tax attorney is a legal professional who specializes in taxation law, advising clients on their income and property taxes. Tax attorneys help ensure that their clients are compliant with the Internal Revenue Code. They also represent them when they are audited by the IRS or state taxing authorities. When you need to know how to file your taxes correctly and get expert advice about deductions, exemptions, or other regulations related to your accountant’s fees, then it’s time for a consultation with a tax lawyer!
Tax attorneys help individuals and businesses with tax-related matters, including filing taxes, audits, and more. They are experts in the tax code that guides how taxes can be applied to different types of investments or income streams within a given year.
A typical day for a tax attorney includes reviewing new legislation that has been added to the Internal Revenue Code (IRC). This is done by reading through the text of any amendments made to the IRC that might affect a client’s tax liability. A lawyer will also review prior year returns to ensure accuracy and make adjustments if necessary for current year filings.
After reviewing new amendments, they may meet with clients who have specific issues or questions about whether recent changes in the law are applicable to their situation.
Finally, attorneys will review the tax return for accuracy and completeness, enter any missing information, verify the calculation of all taxes due to be paid on behalf of a client or their business to the Internal Revenue Service (IRS), prepare estimates if necessary, and finally submit documents to the authority.