Introduction to the career

A tax lawyer is a legal professional who specializes in advising and representing clients on matters related to tax law. Tax attorneys may work in law firms, accounting firms, financial consulting firms, or government agencies.

Career values, traits and skills

Some key values, traits, and skills necessary for a successful career as a tax lawyer include:

• Strong analytical and critical thinking skills
• Attention to detail
• Excellent written and verbal communication skills
• In-depth knowledge of tax laws and regulations
• Strong negotiation and problem-solving abilities
• Ability to work under pressure and meet strict deadlines
• Client-oriented approach and strong interpersonal skills
• High ethical standards and integrity

Career path

To become a tax lawyer, you typically need to complete a bachelor’s degree, followed by a Juris Doctor (JD) degree from an accredited law school. After graduation, you will need to pass the bar exam in your state to practice law. Some law schools offer specialized tax law courses, and earning a Master of Laws (LL.M.) in taxation may also be beneficial in this field.

After completing your education, you can pursue a career as a tax lawyer in a variety of settings, including law firms, accounting firms, government agencies, or as a solo practitioner.

Salary range

According to the Bureau of Labor Statistics, the median annual salary for lawyers was $126,930 in May 2020. However, salaries can vary widely depending on factors such as experience, location, and employer.

Tips for Success

Here are some tips for success as a tax lawyer:

• Stay up-to-date on changes in tax laws and regulations, and be proactive in advising clients on how these changes may affect their business or personal finances.
• Network with other professionals in the field, including accountants and financial planners, to expand your client base and referral network.
• Develop strong relationships with clients by providing exceptional service and demonstrating a deep understanding of their needs and goals.
• Seek out professional development opportunities, such as continuing education courses, to enhance your skills and knowledge.
• Maintain high ethical standards and integrity in all of your dealings with clients and colleagues.

References

• Bureau of Labor Statistics: Lawyers https://www.bls.gov/ooh/Legal/Lawyers.htm
• American Bar Association: Section of Taxation https://www.americanbar.org/groups/taxation/