Skip to content
DefiDraft

DefiDraft

Empowering the Future of Finance: Stay Ahead with our DeFi News

Categories

  • AI
  • Altcoin
  • Analytics
  • Bitcoin
  • Blockchain
  • Blogs
  • CHARTS
  • Crypto
  • Crypto News
  • DeFi News
  • Defipedia
  • Ehtereum
  • Finance
  • Fintech
  • Guest Post
  • Interview
  • Metaverse
  • Mining
  • News
  • NFT
  • Press Release
  • Review
  • Sponsored Post
  • Trading
  • Wallets
  • Web3
  • DeFi News
  • Analytics
  • Crypto
  • Press Release
  • Advertise
  • Home
  • Blockchain
  • Everything You Need to Know about a Tax Attorney
  • Blockchain

Everything You Need to Know about a Tax Attorney

Jack Paul May 25, 2020
Logo

Tax attorneys are knowledgeable about tax laws, regulations, and policies at several levels—federal, state, and municipal. In addition to preparing tax returns, tax attorneys can:Represent clients in disputes with tax authorities.Advise clients about the tax implications ofestate transfers,property acquisitions,business transactions, andthe different structures of businesses.Whether you have stock, bonds, ETFs, cryptocurrency, rental property income or other investments, TurboTax Premier is designed for you. It’s free to start, and enjoy $15 off TurboTax Premier when you file.Education and backgroundTo become a tax attorney, a person must usually, graduate from college and then law school, obtaining a Juris Doctor degree (also known as a J.D.) Many tax attorneys continue their education on tax law to earn a master of laws (LL.M.) degree in taxation.To obtain a license to practice law in the United States, a law school graduate must pass a state bar examination.Bar exams take two to three days to complete.Candidates spend one to two days answering essay questions covering legal principles and state laws.The final day is typically spent on the Multistate Bar Examination (MBE), a standardized test consisting of 200 questions.The MBE is administered on the same day everywhere in the United States.Some tax attorneys are also certified public accounts (CPAs). This means they’ve:Taken the required number of college semester hours (usually 150) of accounting courses.Passed the Uniform Certified Public Accountant Examination, a rigorous accounting test administered by the American Institute of Certified Public Accountants.Most states require CPAs to also complete at least 80 hours of continuing education every two years.Tax attorneys who are also CPAs are ideal for situations that involve both complex accounting and legal matters. They can provide you with legal guidance, draw up necessary legal documents, and prepare and file tax returns.Protecting a client’s rightsA tax attorney can help protect your rights and negotiate with the IRS on your behalf. With their in-depth understanding of tax law, tax attorneys are well qualified to act as a go-between with their clients and the IRS and are skilled at:Challenging IRS rulings in courtSettling back taxesHalting wage garnishmentUndoing property liensRemoving account leviesNegotiating compromises with the IRSIf the IRS has assigned an agent to your case, it usually means that the IRS is close to taking action against you. If you do not already have a tax attorney, this is a clear sign that you might want to contact one.Don’t worry about knowing tax rules, with TurboTax Live, you can connect with a real CPA or EA online from the comfort of your own home for unlimited tax advice and a line-by-line review, backed by a 100% accurate expert approved guarantee.Providing personal wealth management assistanceMany taxpayers hire tax attorneys to help reduce their tax liabilities in advance of filing a tax return. A tax attorney can provide related legal documents and offer advice on how to manage your personal wealth to minimize your taxes. Other wealth management services tax attorneys offer include:Estate planningCreating wills and trustsIncorporating businessesDrawing up business contractsAdvising on international tax considerationsTo offer you the best possible tax advice, TurboTax Live provides you with access to tax attorneys as well as CPAs and Enrolled Agents. TurboTax Live tax experts have 15 years of experience on average and their advice and reviews of tax returns are backed by a 100% accurate expert approved guarantee. So you can be confident you’re getting every dollar you deserve. Learn more about How TurboTax Live Works.

Jack Paul

I’m a highly sought-after speaker and advisor, and have been featured in major media outlets such as CNBC, Bloomberg, and The Wall Street Journal. I am passionate about helping others to understand this complex and often misunderstood industry. I believe that cryptocurrencies have the potential to revolutionize the financial system and create new opportunities for everyone.

Post navigation

Previous Turkish Stablecoin Receives Spot Listing on BTSE Exchange
Next Blockchain Government Use cases – [Algorand, Power Ledger, and RSK]

Latest Post

Recent Posts

  • Killer Whales season 2 launched quietly with poor viewership
  • Kraken revenue doubles in Q3 ahead of potential IPO
  • 1inch integrates Flowdesk for Societe Generale stablecoins EURCV and USDCV
  • HBAR falls 5.4% as key support levels break down
  • How Meme Coins Became Asia’s Gateway to Crypto

About

Defidraft is the ultimate source for the latest news and analysis on the world of decentralized finance.

Connect with Us

  • Twitter
  • Instagram
  • Facebook
  • LinkedIn
  • Telegram

Chat with us: @Defidraftofficial

Recent Posts

  • Killer Whales season 2 launched quietly with poor viewership
  • Kraken revenue doubles in Q3 ahead of potential IPO
  • 1inch integrates Flowdesk for Societe Generale stablecoins EURCV and USDCV
  • HBAR falls 5.4% as key support levels break down

TAGS

Binance Bitcoin blockchain Cardano Crypto cryptocurrency decentralized finance deFi DeFi Hack ethereum future of DeFi News Ripple SEC SHIB Shiba Inu technology US Whale XRP

  • Our Partners
  • Contact Us
  • About Us
  • Term and Condition
  • Privacy Policy
Copyright © DefiDraft | DarkNews by AF themes.