12/22/2020 0 Comments What Is Tax Attorney Practice?The field of taxation has laws, rules, regulations and codes by which taxes are assessed, collected and paid by citizens, subjects and businesses. Tax law or income tax law is a field of criminal law in which official or unofficial authorities, for example, state, federal and municipal governments employ a system of procedures and laws to evaluate and collect taxes from individuals, subjects and corporations in a formal legal context. The process is generally agreed upon and authorized by statutory law, but can vary from one jurisdiction to another. Income tax law covers different areas such as progressive taxation, the estate tax, gifting, income tax, personal and corporate taxes, and payroll taxes among others. Accountants are qualified tax attorneys. They ensure compliance with laws, regulations and internal policies regarding the collection and payment of taxes. Their duties include preparing federal and state tax returns, ensuring proper documentation and compliance with applicable laws, and representing taxpayers in court proceedings as their legal representatives. In United States, accountants are required to be licensed by the Internal Revenue Service, CPA, or CPAs. Generally, CPAs are employed by large private accounting firms, but there are some independent accountants who work under self-employment contracts. A CPA is a person who holds both the accountant license and the tax attorney license. The two licenses are necessary for practicing in the United States. CPAs have to pass a complex series of tests and examinations to become licensed by the state in which they plan to practice. CPAs must pass examinations that test their knowledge on financial records, double entry bookkeeping, state tax laws, and strategies for tax minimization. Aside from these exams, CPAs are required to take a written examination on ethical principles and practice. Before becoming a practicing CPA, CPAs complete a three-year post-graduate degree program at an accredited business or university. Many CPAs begin their careers as bookkeepers or auditors before pursuing further studies. Upon successful completion of their degrees, CPAs can pursue careers in taxation, law, or accounting. While most CPAs start out in accounting, some also find employment in other fields as well, depending on their interests and abilities. Some of the fields where CPAs often find employment include real estate, engineering, public accounting, and health care. In addition to providing expert legal advice for their clients, CPAs also assist their clients in analyzing their financial records and preparing their taxes. CPAs, like attorneys, prepare detailed financial reports and tax code reports for their clients. CPAs, like lawyers, ensure that their clients comply with all the tax code requirements and laws. Delia Law firm ensure their clients maximize deductions and pay the lowest possible tax rate. The responsibilities of Delia Tax Attorneys include defending their clients against criminal prosecution or civil litigation for any reason. When CPAs represent their clients, they work with both IRS representatives as well as their clients' accountant, wage earner, landlord or creditor, or tax resolution organizations. CPAs can also be involved in any number of administrative processes with the Internal Revenue Service, including collections, appeals, compliance examinations and audits. To learn more about the challenges of taxation issues, contact a qualified tax attorney today. If you want to know more about this topic, then click here: https://en.wikipedia.org/wiki/Lawyer.
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