Can a lawyer specialise in the field of taxation laws? What are the career prospects of the same?

Question

Please specify

Answer 1

Absolutely. You'll typically find JD/CPA's doing this, but not always.

There's no typical job path for it. Some work for the big accountancy firms, others work for law firms big and small. Some work for themselves advising their own clients. Gov't agencies do need them sometimes.

Taxation is one area of law where you typically get an LLM after law school, particularly if you don't have a CPA license already.

Answer 2

Normally, the accounting professionals are recommended to be the experts on tax laws. With this specialisation, it is possible to design a tax plan for companies, in order to legally pay the less tax money.

So, The clients for a lawyer expert in taxes can be, in opposite the government agencies charged with the taxation application, and the companies having (or in the process of having) legal problems with government because taxes were not well covered.

Also, You can be a consultant for tax planning, design of new tax rules or laws, at the government or also in companies. All the job future has to be in between government and companies or individuals due or forced to pay taxes.

Answer 3

i don't understand if this might assist you to in any respect, yet it is my take. i'm a 2d year regulation student (third year after next week) and that i've got focused my instructions on corporation making plans, tax and sources making plans. I additionally theory that i took an interest in international regulation so I took international corporation transactions this semester and that i dropped it after 2 weeks. international regulation became no longer what i theory it could be. From my information, maximum international legal experts artwork for government companies, the WTO and different comparable businesses. once you assert you won't be able to see your self being an prolonged-term "company criminal expert" i'm assuming you propose working in-dwelling house for a regulation corporation. There are a ton of issues you're able to do in "company regulation" that don't contain being an in-dwelling house criminal expert. you may specialise in mergers and acquisitions, you're able to do corporation making plans - that could contain advising shoppers as to which kind of entity to create, drafing partnership/LLC agreements, and so on. you need to do securities artwork for agencies, tax making plans, and so on. All of those are profitable prepare factors. you incredibly in simple terms ought to get by using your first year of regulation college and be sure which instructions interest you. the 1st year is complicated because you need to take torts, sources, contracts, criminal regulation, LRW and con regulation (or some combination of those instructions reckoning on the college you attend), none of that are interior the factors you elect to prepare, however the principals you study would be an important commencing place for something of your regulation college occupation (to no longer point out they are on the bar examination). solid success!