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Sunday, 19 June 2011

If You Receive an IRS Notice of Intent to Levy

This article describes how to become a tax lawyer. Tax lawyers are experts in working with customers to resolve their problems with state revenue departments and the Internal Revenue Service (IRS). They normally focus only on tax issues and relief. They can support clients who experience difficulties in getting through an audit, having liens removed, reducing fines, and helping them to solve self-employment and small business issues. Tax lawyers can help avoid tax problems that might happen checking for potential problem spots and giving advice on how to avoid these issues. They explain complex and not easily understandable tax laws in practical way.

Tax lawyer helps people control business’ and company’s tax matters. They work for business owners with planning taxes explaining when, why, and how to file. Another issues tax lawyer can be helpful with is filing for bankruptcy. Besides, they can provide help with setting up stock portfolios, trust funds, and other investment accounts.

Education requirement to become a lawyer is usually a 4-year college degree and 3 years of law school. Many tax lawyers pursue an undergraduate degree in accounting. To be admitted to any law school that is approved by the American Bar Association students are required to take the Law School Admission Test (LSAT). Since tax laws change very often, tax lawyers must be informed about current laws and follow through continuing legal education courses.

Tax lawyer in all states must be licensed. Applicants are required to pass a written bar examination. Students must be graduates from an American Bar Association accredited law school if they want to apply for the bar exam. Moreover, there are states that require passing an additional written ethics examination.