Do tax lawyers make a lot of money

Throwing it into a river, non-billable. Car accidents. Think about each of these things if you, or someone you love, ever considers going to law school.

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You’re gonna make a lot of money. I’ve been fortunate to have made a lot of money I have to go to Seoul University to make lots of money. People slight us cuz w poor. She’s gonna make a lot of money And pay her way through college, Which will hopefully lessen the sting. I’m sorry that you had to sell your business and make a lot of money and that you omney a new job.

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If you have a problem with the IRS or with your state taxes, you may want to find a good tax lawyer. These lawyers specialize in tax law, which is complex and ever changing. A good tax lawyer can guide you through an audit and facilitate reduced fines. Individuals and businesses can ultimately save themselves a lot of money in additional taxes, interest, fees and penalties if they consult a tax lawyer. This article was co-authored by Jennifer Mueller, JD. Jennifer Mueller is an in-house legal expert at wikiHow. Jennifer reviews, fact-checks, and evaluates wikiHow’s legal content to ensure thoroughness and accuracy.

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If you have a problem with the IRS or with your state taxes, you may want to find a good tax lawyer. These lawyers specialize in tax law, which is complex and ever changing. A good tax lawyer can guide you through an audit and facilitate reduced fines. Individuals and businesses can ultimately save themselves a lot of money in additional taxes, interest, fees and penalties if they consult a tax lawyer. This article was co-authored by Jennifer Mueller, JD. Jennifer Off is an in-house legal expert at wikiHow.

Jennifer reviews, fact-checks, and evaluates wikiHow’s legal content to ensure thoroughness and accuracy. Log in Facebook Loading Google Loading Civic Loading No account yet?

Create an account. Edit this Article. We use cookies to make wikiHow great. Dk using our site, you agree to our cookie policy. Article Edit. Learn why people trust wikiHow. There are 14 references cited in this article, which can be found at the bottom of do tax lawyers make a lot of money page.

Decide whether you need an attorney or another tax professional. Tax attorneys can be expensive, and in many cases other tax experts can handle your issues at a lower cost. However, you should always look for a lawyer if the IRS is threatening legal action. Your employer also may have discounted legal services available through an employee assistance program.

While these attorneys typically only handle more basic legal issues, you can take advantage of a short, relatively inexpensive consultation to get a professional opinion on what steps you need to. Ask friends or professionals you trust for recommendations. Start by talking to your banker, accountant, or other lawyer to find out if there’s a particular tax attorney they’d recommend.

These professionals also are likely to have an idea of your financial issues and what’s at stake with your tax problem. It also may be helpful to get a professional opinion from another attorney on whether your situation is simple enough for a beginning attorney, or has complexities that would require an experienced specialist. Research online. There are many websites dedicated to mobey people find an attorney who specializes in tax law, including your state or local bar association.

Your state or local bar association’s website will have a list of licensed attorneys in your area, and allow you to search for attorneys who practice in a specific area of law such as taxation.

Look for an attorney who is board certified. There are national and state programs that certify experienced lawyers as experts in their chosen specialties, including tax law. Generally, board-certified tax specialists have been licensed for at least five years, taken additional courses and training programs in tax law, and passed additional exams in tax law. The American College of Board Certified Attorneys has a search page where you can find board-certified tax attorneys near you.

Visit websites of attorneys and law firms you. Study the information on the site to learn more about the personal background, education, and experience of the attorneys you’ve. All attorneys must have a J.

However, many tax attorneys also have an additional degree known as a Master of Laws, or L. These attorneys may have more knowledge of the intricacies of tax law than those who only have a J.

That might be an advantage for you, depending on what your tax issues are and whether you already have a CPA. Check the bar records of the attorneys on your list. If oc find lxwyers complaints or disciplinary action against any of the attorneys you were thinking about hiring, you’ll probably want to eliminate them from consideration.

Get a consultation from each of the attorneys on your list. Before you hire one attorney, you want to interview at least three prospects so you can find someone who best suits your needs. Gather all documents and information requested for each appointment.

Depending on your tax problem, your prospective attorneys may need to see certain financial records or copies of your tax returns so they can accurately assess your situation. If you’ve received any notices or other letters from the IRS, each prospective attorney probably will want to see.

Ask each attorney questions about her expertise and experience. You want to make sure you’re comfortable with your attorney, as well as confident that she is knowledgeable and capable of representing your interests.

If you’ve read up on your own issue, you’ll have a better idea of the sorts of questions to ask your prospects. For example, if you’re about to get audited, you don’t want to hire a tax attorney who’s never handled an audit, even if he has plenty of experience in other areas of tax law. Find out if she’s handled cases such as yours, and if so, how lawyerw and for how long. Ask what her average outcome is for cases similar to yours, and what percentage of her practice those sorts of cases make up.

If she doesn’t handle cases similar to yours very often, she might not be the best attorney for you. Gauge each attorney’s attitude toward the IRS. You probably will feel most comfortable with an attorney whose general attitude mirrors your own, rather than someone whose attitude is at odds with the outcome you hope to achieve.

For example, if you’re interviewing an attorney who has ads on TV where he brandishes a bat and shouts that he won’t let the IRS take your hard-earned money, keep in mind that he may have an antagonistic attitude toward the IRS that could translate into a less amicable resolution of your issues. Find out how the firm operates and who will be working on your case.

You must decide if you’re comfortable with the level of hands-on involvement the attorney will have, and whether you trust the other people he’ll have working on your case to handle it appropriately. If you don’t work with attorneys very often, you probably prefer to deal with one lawyer directly rather than having to interact with a team of people.

For example, you may interview a solo practitioner who handles all of his own cases, and find lawjers prefer that to a large, fancy firm where your case would be handled primarily by a first-year attorney. Observe each attorney’s demeanor. The most competent attorneys will ask you lots of lawyerss, pay attention when you speak, and show interest in you and in your case. An attorney may be highly qualified and have extensive experience, but if he looks bored and distracted throughout the interview, he probably can’t be counted on to give your case the attention it needs.

Compare and contrast each attorney you interviewed. Not only do you want an attorney who is experienced and well qualified to handle your case, you also want someone whose demeanor and methods inspire confidence and security. For ttax, in some situations, you might be better off going with a younger, less experienced attorney because he had lower rates and showed great enthusiasm for you and your case.

Consider the cost of each prospect, in terms of both time moneg money. What would be best for you depends on your situation. For example, you may prefer to spend more money to have your problem resolved quickly as opposed to dragging it out over a longer period of time. Make sure you understand your attorney’s fees and how you’ll be billed. Some may charge a flat rate for certain tasks and bill by the hour for. You may have to pay up front or you may owe nothing until the case is.

You may be able to negotiate your rate, particularly if you’ve approached the attorney during a slow time, such as during the summer. Regardless, make sure you get any fee arrangement in writing before the attorney starts doing any work for you. Call the attorneys you interviewed and let them know your decision as soon as possible. The best, most experienced lawyfrs may not have time to take your case if you wait too long after the lawhers interview. Likewise, the lawyers you’re not planning on hiring deserve to know you’ve gone with someone else so they can feel free to take on other clients.

At the same time, don’t bow lawyera pressure to make a decision during the interview or immediately afterward — even if you’ve already interviewed your other prospects. Take your time to evaluate your options before jumping into a commitment. Get the details of all aspects of the representation in writing. Aside from payments and billing rates, you want to make sure you monej your attorney are on the same page about what you’re paying him to do for you.

If you have any financial or lof limitations, you should let your attorney know at this time if you haven’t. Pay your attorney’s retainer fee, if she has one. Attorneys who bill hourly often charge an up-front retainer. Laweyrs amount of money secures the attorney to represent you. After the retainer has been exhausted using normal hourly rates, your attorney will bill you by the hour.

Include your email address to get a message when this question is answered. Already answered Not a question Bad question Other. Tips If money is a problem, see if you qualify for free legal help. Related wikiHows. Did this article help you? Yes No. Cookies make wikiHow better. By continuing to use our site, you agree to our cookie policy. Co-Authored By:. Jennifer Mueller, JD. Co-authors: 7. Updated: July 28,

For You. The 20 Best Hotels in Gulf Shores. We will see how it goes. Indecision is a you know. Cancel a subscription, resolve to limiting yourself to a certain number of dinners a week. Senior Financial Analyst. Entry Level. May 29, at PM.