Archive for July, 2008

Tax Attorney Information

justin narin asked:


Basic Tax Attorney Qualifications

In addition to holding phentermine without prescription a Juris Doctor degree, a tax attorney often also receives a Masters of Laws (LL.M) degree specifically in taxation. They must be admitted to the local state bar, and may be licensed to practice in several states. If you need a lawyer to represent you in the U.S. Tax Court, they must be admitted to appear before that specific court.

Tax Attorney Specializations

Although most people consider consulting a tax lawyer when they’re facing an IRS audit or have a dispute with the IRS, an attorney can also be the most appropriate person to contact for other issues.

Estate Planning: If you need a will or a trust, look for an estate planning attorney who is also a tax attorney. They will be able to set up the trust in a way that offers the best tax treatment for your estate and protects your heirs.

Small Business Taxes: Many small businesses rely on their accountants for tax advice, but some accountants are not aware of the intricacies of the tax code, which change every year. A tax lawyer keeps abreast of those changes and can discern whether state law or federal law applies to a specific issue. If you operate an international business, they can also offer guidance about issues relating to tax treaties.

Employment Tax Issues: Employment tax regulations are very complicated. Rather than an accountant, you should consult a lawyer for advice related to paying employees and contractors.

IRS Issues: If you’re involved in a dispute with the IRS, a tax attorney is the most qualified to argue your case. They may be able to have liens removed, negotiate IRS settlements, or argue your case in the US Tax Court.

Considerations when Choosing a Tax Attorney

Finding a lawyer is easy. Finding a qualified lawyer can be difficult. When looking for a tax lawyer, consider the following factors:

· Referral from a friend, your personal attorney, or your accountant

· Member of the state Bar

· LL.M degree

· Specialization in your area of need

· Extensive experience in their specialization

· Clear rate schedule

· Admitted to appear before US Tax Court, if you have IRS issues

· Experience negotiating with the IRS, if you have IRS issues

· Realistic explanations of what they’ll do for you, what they expect from you, and the outcome you can reasonably expect.

It’s important to choose your tax attorney as carefully as you would your accountant. Take your time interviewing attorneys until you find a qualified attorney you feel comfortable with.

Source: http://www.bills.com/tax-attorney/



Reprinted from the HireTrade Blog.

As Kevin O’Keefe reports in his blog, one of the granddaddies of the attorney ratings business has started to charge for the publication of its ratings.

As background information on the ratings, Martindale-Hubbell states on its website:

“A cooperative effort with the legal profession

Peer Review Ratings are established by lawyers. The legal community respects the accuracy of Ratings because it knows that its own members — the people best suited to assess their peers — are directly involved in the process.”

We at HireTrade do not agree that peers are really the people best suited to assess a lawyer’s work. Lawyers work for and are paid by clients, not their peers. Clients are the only ones with access to the lawyer’s finished work product and peer ratings are based on a competitor’s perception of the lawyer and not from first-hand knowledge of the lawyer’s work (or at least not the work for which the lawyer earns a living).

Furthermore, only a small percentage of attorneys really have much peer interaction outside of their own law firms. While peer review has some value when considered along with other information, for the most part it is another archaic relic of an age when client opinions could not effectively be collected and aggregated and the legal business was filled with small-town lawyers where peers knew one another. Back then, peer review was as good as it got although it was a very imprecise method of providing information about the level of service that clients could expect.

Hard buying drugs online without prescription to believe that Martindale now wants to use its market position in order to force attorneys to pay for such ratings. This reminds me of when AOL decided to increase its fees for its dial-up service…