4 Helpful Small Business Tax Preparation Tips

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Taxes are complex. Tax laws are constantly changing. Keeping on top of these rules can seem like an uphill struggle. Small business owners face numerous challenges while preparing and filing taxes. They have limited resources and have to juggle multiple tasks.

Many last-minute tax filers scramble to make the deadline. They make mistakes and end up earning the wrath of the IRS.

They say preparation is half the battle. Tax preparation does not have to be time confusing or complex. Start preparing your taxes early to avoid last-minute confusion and ensuing chaos. Break down large tasks into bite-sized tasks. Carry out a task every day.

Here are some tips to help you prepare your taxes effectively.

1. Get Organized

Open a savings account specifically for taxes. You can use account funds to meet your tax obligations as a business owner. Start making estimated quarterly tax payments, or you may be subject to penalties. Keep your business and personal accounts separate.

Effectively track business expenses. Get sufficient documentation for them (for example, travel expense vouchers for travels that occurred during the financial year). Keep personal, and business expenses separate. To reduce paperwork, digitize receipts.

2. Hire a Professional

Preparing taxes can feel like an insurmountable task. You need to check transactions appearing in your books and verify and validate them. This is a time-consuming task. As a business owner, you have better things to do than maintaining your financial records.

If you have too much on your plate, consider hiring a professional such as a CPA or tax attorney. These professionals keep on top of tax rules and regulations. Your CPA will prepare your taxes, help you identify ways to minimize your tax liability, and ensure tax compliance.

3. Leverage Technology

If you rely on traditional paper-based methods, you will end up getting bogged down by paperwork. Paper-based methods are inefficient, and you need physical space to store your files and documents. Paper documents can be easily misplaced, stolen, or damaged.

Automate your document management processes. Using electronic statements is a great way to eliminate paper for good.

Use accounting software. Accounting software will allow you to access accounting data anytime, anywhere, foster collaboration, improve accounting security, and improve bookkeeping and accounting accuracy.

4. Stay Informed

Stay up-to-date on industry developments. Follow eminent people in the financial world and affinity groups that publish articles, information, and opinions.

Do not give attention to preposterous rumors. It is best to hear it straight from the horse’s mouth (in this case, the IRS) so you are sure it is true. Visit the IRS website to watch videos and participate in webinars.

Need tax help? Have you got tax problem? Look no further than FinishLine Tax Solutions. We will create a tax strategy customized to your specific needs.

Why Hire a Tax Professional?

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Filing taxes can be both tedious and confusing, especially for non-professional who don’t customarily stay up-to-date with tax code changes. There are many tax laws, and all must be accounted for each time you file to avoid hefty fines or interest on unpaid tax. However, taxes are as inevitable as death, and unfortunately, ignorance is no defense where they are involved. This is why some people choose to enlist the services of tax professionals or tax preparers during filing season. Apart from that, a helpful tip is to stay prepared for filing by ensuring you keep your bills and receipts for deductible expenses, especially if you run a small business. If you’re wondering what the value of a qualified tax professional, below is a list of benefits you can enjoy from their services.

Saves Time

According to the IRS, the average consumer spends 13 hours to file their tax returns, although some estimates quote as high as 24 hours. If you’ve tried to do your own taxes, you have probably taken longer than one day to do it, especially if you have a small business or rental income to report. Assuming your time was worth $20 per hour, you are easily spending $260 and above to file. Because you aren’t conversant with this process, you spend double or triple the amount of time a tax professional would take. The tax preparer works efficiently and does the correct thing on the first try, saving a ton of time and effort.

Cost is Tax-Deductible

If you itemize your expenses, the cost of hiring a tax professional is a deductible expense on Form 1040. Therefore, you end up paying less tax because of this deduction.

Reduces Complexity

As mentioned, filing taxes is a difficult and complicated process. For the average consumer, there are hundreds of details to consider, and it’s very easy to make a costly mistake. What’s more, the Tax Code is updated annually, and you may not be aware of how such changes affect your next tax returns. This gets even more complex if you did any of the following:
  • Lost or made money in investments
  • Started or sold a small business
  • Sold or bought a capital asset
  • Bought or sold real estate
  • Changed your marital status
  • Changed your residence so that your income and residence are now different
A tax professional handles tax matters on a daily basis. They stay abreast of all tax codes and how they affect various consumers. Therefore, they are best placed to advise you on the impact of these changes and how you should file your next returns. Should you choose to do it yourself, always check how such changes affect your next returns.

Finds Relevant Deductibles and Credits

There are tax-deductible expenses and tax credits that most taxpayers qualify for, but the system and common tax software may not be updated on them. Therefore, you lose precious money and end up overpaying your taxes when you don’t claim all your relevant deductibles and credits. A tax professional is aware of the latest credits and deductibles and how they affect various individuals and businesses. Therefore, he/she can ensure that you take advantage of them to reduce your payable taxes. If you have overpaid in the past, he/she can also help you to file amendments and request for refunds.

Assistance with Audits

Finally, should you ever be audited, a tax professional can work with you and your business to get the relevant bills, receipts and documents to support your returns. He/she can represent you when dealing with the IRS to ensure that you are protected. While only 1 percent of taxpayers are audited, it is best to have a tax professional if you ever land in these murky waters.

Conclusion

Tax accountants and tax professionals are real people, which means you can defer to them with any questions or concerns you have. Before filing your taxes this year, talk to a tax professional and find out how they can help you wade the murky waters of taxation reporting.

Tax Attorneys: 10 Things To Look out before you Hire one

If you are in tax debt and are looking for a way to reduce the burden, a professional tax attorney can help you. But hiring a tax relief service is not as easy as it looks. It is a very crucial decision and you should take every care to ensure you choose the right one providing legitimate services. 


Here are a few tips that can help you easily weed out the scam artists. In this article, we will be discussing how you can evaluate and hire a legitimate and competent tax attorney for helping you fix your tax issues. Remember, this is an important decision that will affect the next 10 years of your life, financially and emotionally. So, read the below-mentioned tips very carefully and then make the right decision.


Tips To Choose The Right Tax Attorney Services


1. The Offer in Compromise (OIC)


Tax attorneys who make promises of erasing your liability, reducing the owed amount, and guaranteeing a settlement through OIC must be avoided. You need a lot of tax compared to your income and assets before you can even make an offer. The IRS is very strict about this policy and doesn’t give out OIC easily. So, don't fall into the trap of false promises and hire one who sounds genuine and has a proven track record.

 2. Penalties and Interest


If an attorney is telling you that as soon as you hire him, your interest and penalties will stop, you have to walk the other way. Your interest will continue to accrue as long as there's debt. Penalties are imposed when you fail to pay or file your taxes. You cannot just hire a tax relief service and expect all your penalties to go away.

 3. Licensed professionals


All legitimate tax attorney services are required to have licensed attorneys, CPAs, or Enrolled Agents who can act as your Power of Attorney. So, broadcasting about how they licensed employees on staff must not be considered as a major selling point as they are legally required to do so. That being said, not all licensed tax practitioners are equal. 

Another important factor to take into consideration is who will be handling your case during the consultation and proposal phase. There are many tax relief services that don’t get licensed tax attorneys to handle this.

4. Proposal


You might even come across tax attorneys who are too eager to sign a power of attorney or a work agreement and get the money before you even had the opportunity to research about them. Chances are, they are hiding something. It doesn’t matter how complicated your situation, you can take out a day or two for due diligence. Apart from this, when you receive a contract or proposal, make sure that they have included personal licensure evidence. A small amount of research now can save you from untold frustrations and thousands of dollars.

5. Evidence


You can use the Better Business Bureau complaints as a filter to weed out average or bad tax attorney services. The BBB tracks and reports the complaints that come from verified customers. On the basis of this, they give subjective grades of A+, B+, or A-. But this grade is not of much help because the BBB grades the companies on the basis of testimonials and complaints submitted by the customers. 


Suppose a firm has an A rating as they handled 2,000 cases in a year and had 30 to 40 verified customer complaints. This is a major red flag. That is why you need to check the complaints and not the grade.

6. Internet sources


Be very careful before hiring a tax attorney and don’t get carried away with everything you read on the internet.  Be careful of the sources you are referring to take the information from the internet. Don't jump to any conclusion before you are completely sure about the tax attorney services.

7. Promises


The bigger the promise a tax relief service is making, the more skeptical you need to be. In fact, if the firm says ‘No’ when you ask for guaranteed results of reducing your tax debt significantly, it is a sign of ethics, honesty, and knowledge. Such firms will spend a lot of time explaining the exact reason why you are not qualified for a reduced settlement. Just remember that if the tax attorneys are making a promise that is too good to be true, go the other way.

8. Flat fee


This is a major point to look out for. Tax relief services that claim to have a flat fee are a red flag. In most cases, they won’t have a flat fee as this is not a viable business model. They make this promise only to get you on the hook. This is why you have to carefully read the work agreement. You will notice that the contract has a few lines detailing how the company can ask you for more money. In case of additional, you might need to pay more than the initial, fixed amount.

9. Ethics and Character


This is simple. Tax attorney firms that are involved in the community services display a true character. When they work closely with charities, do pro-bono work, and perform other acts of ethical behavior, it indicates that the firm is ethical. Another aspect of checking ethics is when tax relief services imply that they get preferential treatment from the IRS or have a special relationship with the IRS officials. Not only are they lying, but they are violating the US Department of Treasury circular 230. This circular includes the legalities associated with practicing before the IRS, including strategies of marketing. If the company is willing to break the law for earning your business, their moral compass and ethical standards definitely come into question.

10. Experience


Many tax attorney firms misrepresent the years of experience. Now, more years does not mean good work as 10 people won’t be working on your case. You will get only 1 or 2. To know about how long a company has been around, you can check them up on the official website of BBB. To know the exact date, you can check the Secretary of State website of the firm’s location.


Now that you are aware of these factors, you are way ahead. With just a little bit of research, you can weed out average tax attorneys  and find the one that suits your need the best. A conversation or two can help in knowing which company stands above the rest. The time you invest now will ensure that your financial situation is in good hands.


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What Can A Tax Attorney Do For Me?

If you’re in legal trouble, a tax attorney can be incredibly helpful. However, a tax attorney can also help you with paying off tax debt. There are many benefits to hiring a tax attorney. However, you might be wondering when the right time is to hire a tax lawyer. Similarly, you may be wondering what a tax attorney can actually do for you. The truth is, tax issues can cause a lot more trouble than you realize. Therefore, it’s important to handle them very carefully. In other words, even the slightest mistake when dealing with tax issues can cause you a lot of financial harm. Likewise, not having a tax attorney can cost you money, time and may even land you in jail. Dealing with tax laws can be time-consuming and confusing for the average taxpayer. Furthermore, tax laws are super complex. Hiring a tax attorney is your best move.

When should I Hire A Tax Attorney?

There are some situations when you should definitely hire an attorney. Alternatively, you may just want legal advice from a tax attorney. Furthermore, legal advice can be good to get when you’re starting up a business. However, there are some times when it’s absolutely necessary to hire an attorney. Here are some cases in which hiring an attorney is your best decision. Once you're ready, call the experts at Platinum tax Defenders for more information.

Tax Attorney For Audits

There are some audits are just routine procedure for the IRS. In other words, the IRS just sends you a letter asking for more information. Furthermore, the IRS may ask you to provide documents that support tax credits or deductions you claimed. If you aren’t comfortable responding to the IRS’ request, you should hire a tax attorney. Furthermore, if you already went through an audit and disagree with the outcome, hire an attorney. If you want to appeal a decision, you may have legal representation. Furthermore, if you owe the IRS an attorney can help you negotiate a settlement.

Negotiating a Settlement During an Audit

An attorney can represent you in court, or help you negotiate a settlement with the IRS. In other words, you can often settle your debt for less with a tax attorney. Furthermore, there are several main ways to negotiate your tax debt settlement after an audit.

  • First, you can apply for an Offer in Compromise. In other words, an attorney can negotiate a deal so you pay less taxes than you owe. However, filing for an Offer in Compromise is difficult. It’s best to work with a tax attorney.
  • Second, you can apply for penalty abatement. This tax relief option will reduce the amount of late penalties you owe. Furthermore, this option will reduce your overall tax debt.
  • Third, you can enter into an Installment Agreement. In other words, you work out a deal to pay back tax debt in monthly payments.

Hire a Tax Attorney if the IRS Pursues Criminal Charges

If you are at risk of going to jail, hire an attorney immediately. Furthermore, you do not want to handle potential criminal charges on your own. In other words, the IRS doesn’t pursue criminal action over small mistakes. Therefore, if you’re at risk of criminal charges, it’s because you did something serious. Likewise, the IRS reserves criminal charges for people who fully evade their taxes. You may be at risk of criminal charges if:

  • You chose not to file your tax returns
  • Hiding taxable income
  • Claiming fraudulent tax deductions or credits

Never ignore notices from the IRS. Furthermore, if the IRS is sending you notices and you ignore them, hire a tax attorney. In other words, you won’t be able to avoid the IRS for long without a tax lawyer. However, an attorney can help you reduce your penalty and keep you out of prison.

An Attorney Works With the IRS On Your Behalf

If you’re afraid to deal directly with the IRS, don’t worry, you aren’t alone. In other words, many U.S. taxpayers find the IRS to be a very threatening agency. However, you don’t have to worry about dealing with the IRS on your own. An attorney can help you by communicating directly with the IRS on your behalf.  Furthermore, if you don’t understand the notices from the IRS, consult with a tax lawyer. In other words, before you choose to ignore the IRS, consult with an attorney first. Hiring an attorney can go a long way in keeping your money in your pocket. Furthermore, hiring an attorney can even help keep you out of jail.

Tax Attorneys for Businesses

You don’t always just need a tax attorney when you’re in trouble. In other words, a tax lawyer can help you in a variety of other situations. For instance, if you’re starting a business, it’s smart to consult with an attorney. Furthermore, if you’re selling a business, you should consult with a tax attorney. A tax attorney can help you determine which type of business you should set up as. Furthermore, a tax attorney can help if you’re running an international business. In this case, a tax attorney can help with:

  • Tracking and reporting income
  • Contract negotiations
  • Any other tax matter you may encounter while doing business

International business can be tricky when it comes to taxes. Therefore, working with a tax attorney can help you avoid any future tax trouble.

Tax Attorneys for Inheritance

If you plan to leave money for loved ones, hire an attorney. In other words, you don’t want to leave your loved ones with a big tax debt because of their inheritance. Most U.S. taxpayers will not have to worry about estate taxes. However, it doesn’t mean consulting with an attorney isn’t a good idea. Many tax lawyers specialize in mapping out estate-planning strategies. In other words, these strategies can help you protect your assets and keep them below the current value threshold.

Do you owe a large tax debt?

If you owe back taxes to the state or federal government, a tax attorney can be helpful. In other words, sometimes it’s not as easy as simply paying off your debt. However, if you can pay off your debt, that’s the easiest way to get out of tax trouble. Alternatively, your situation gets complicated when you owe more than you can pay. In other words, the best way to solve significant tax debt is hire a professional tax lawyer. A tax attorney knows how to deal with the IRS. Similarly, a tax attorney can help you negotiate an agreement to make paying your debt easier. Your tax lawyer will work with the IRS to set up a more manageable way to pay off your debt. In other words, they can help you set up an payment plan or negotiate an Offer in Compromise.

Getting Help from a Tax Attorney

The knowledge a tax lawyer brings is invaluable. An experienced tax attorney knows how the IRS works in and out. Furthermore, a tax attorney can save you money at the end of the day. They have the experience to lower the full amount of tax you owe. In other words, they can help you lower interest and penalties that you may also owe. A tax lawyer’s experience regarding how the IRS operates can be invaluable.

Why Hire a Tax Attorney During A Global Pandemic

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As so many tax laws are changing during the COVID-19 crisis, help from a tax attorney can be beneficial. In other words, you might have tax-related questions that a tax attorney can help with. Fortunately, the IRS has created a number of new measures to help taxpayers during the crisis. Unfortunately, these new tax laws and measures can be hard for the typical taxpayer to understand. However, the tax attorneys at FinishLine Tax Solutions are here to help with any COVID-19-related tax needs. But, how can a tax attorney help with COVID-19 related tax issues? In this blog, we’ll help you understand how and when you should consider hiring a tax attorney. 

Do I Need A Tax Attorney To File Taxes?

If you need to file taxes, a tax attorney or accountant at FinishLine Tax Solutions can help. However, accountants are typically more involved in the financial side of your taxes. In contrast, a tax attorney can help with the legal side of your taxes. Depending on the result of your taxes, a tax attorney can be a lot of help. For instance, if you find out you owe more than you can pay, a tax attorney can help. During the COVID-19 crisis, the federal government is offering different tax relief programs to taxpayers. While it can be hard to stay up to date with all the new rules, we can help. We employ tax attorneys and accountants that can help you file taxes. Even though the filing deadline has been extended, we encourage you to file sooner rather than later.

How Can A Tax Attorney Help Me?

A tax attorney can help you if your tax situation needs legal help. For example, if you are under an IRS audit, a tax attorney can represent you. Furthermore, if you own property overseas, a tax attorney can help you. In other words, there are certain exemptions you can take advantage of depending on your tax situation. The average taxpayer may not be aware of the different exemptions available. Therefore, working with a tax attorney can often get you the most out of your taxes. Furthermore, the world of taxes is going to be a different thing once the COVID-19 pandemic is over. You’ll want a tax attorney’s help to see if you qualify for any relief resulting from the pandemic. Here are some other instances where a tax attorney may be helpful.

Taxes When Buying or Selling a Business

If you are buying or selling a business, help from a tax attorney can be beneficial. You will want a tax allocation that maximizes capital gain if you’re selling a business. But, if you’re buying a business, you’ll want a different tax allocation. In other words, when buying a business you’ll want to recover the purchase price faster through depreciation. Setting a business up tax-wise can be complicated for the average taxpayer. Fortunately, this is an area of taxes that many tax attorneys have experience in. The professional tax attorneys at FinishLine Tax Solutions have helped many individuals buy and sell businesses. If you’re in the middle of buying or selling a business, contact an attorney.

Taxes to Set Up A Business

The tax attorneys at FinishLine Tax Solutions have tons of experience helping business owners set up their companies. Starting a business can be complicated for taxes. Fortunately, FinishLine Tax Solutions specializes in businesses. Our tax attorneys can help you anticipate potential tax incomes. In other words, your tax incomes will differ depending on how you set your business up. For instance, an LLC is treated differently for taxes than an S-Corp or C-Corp. This level of complexity is often outside of a normal taxpayers’ experience. Therefore, the tax attorneys at FinishLine Tax Solutions can help. Our tax attorneys can also help you with setting up your business type. For instance, you will have to choose between an LLC, S-Corp, or C-corp. We can help you go over the pros and cons of each business type. Furthermore, we can help you understand how each business type can impact taxes.

Taxes when Leaving Money or Property to Heirs

A tax attorney can also help when you’re leaving money for family members in your will. Additionally, a tax attorney can help if you have a property you want to leave to family in your will. Some tax attorneys also specialize in estate planning, which will be especially helpful here. If you’re leaving over $11 million, you will need to file an estate tax return. This can be especially difficult to understand if you’ve never filed one before. Therefore, seeking the help of an experienced tax attorney can save you a lot of time. Furthermore, if you don’t have $11 million, it can still be a good idea to consult a professional.

Been Accused by the IRS? Hire A Tax Attorney

You also want to hire an attorney if you’ve been accused of doing something wrong. For example, these may be some potential scenarios when you want to hire an attorney.

  • If you are under an IRS audit. But don’t worry, an IRS audit doesn’t always mean you’ve done something wrong. However, it is an investigation into your financials by the IRS. In other words, the tax audit should be taken very seriously.
  • Additionally, you may want to appeal your IRS audit if you are under one. In that case, a tax attorney can also be very helpful. Moreover, an attorney can be extremely helpful if you are being taken to court over your audit.

Owe Back Taxes To The IRS? Hire A Tax Attorney

In some cases, you can handle filing and paying back taxes on your own. This is especially true if you have the funds to settle your tax debt. However, if you owe a significant amount of money, hire an attorney.  The federal government has put in place a number of tax relief measures for taxpayers. In other words, if you’re worried about paying back taxes during the COVID-19 pandemic, hire an attorney. Our attorneys specialize in all kinds of tax laws and are here to help. If you find yourself in a stressful financial situation due to taxes, get help. Hiring an attorney can mean the difference between financial debt and financial freedom.

If you need to hire a tax attorney, call the professionals at FinishLine Tax Solutions today. We offer free consultations to new customers.

Here Is How You Can Become A Tax Attorney

Many people envisage the work of a tax attorney to be always stressful, involving courtroom litigation. However, this doesn’t mean that tax attorneys don’t have a fruitful career. The best part about being a tax attorney is that they will never become obsolete. Taxes will always exist, and so will the tax lawyers. Making a career as a tax lawyer will help provide stability and longevity.

Education of a tax attorney

If you want to be a tax attorney, there is an educational path specifically mapped out for you. The one thing that you need to know before starting a career in this field is that it is very different from family law and won’t involve a lot of personal interaction. You will be interacting with ‘Numbers.’ This is why students who want to be future tax attorneys need to have a strong academic background. Here are some education requirements for a tax attorney:

  • A Bachelor’s Degree
  • Law School admission through LSAT
  • Juris Doctor Law Degree
  • MPRE
  • Passing the Bar examination

The first step towards becoming a tax attorney is earning a bachelor’s degree. But there is no specific undergraduate degree that you need. However, it is recommended that you major in either accounting or business to help you prepare for law school better.

Once you have graduated, you would have to take the Law School Admission Test or the LSAT. This score is compulsory for admission to any law school and without which no school will even consider your application. If you want to get into a top tier law school, it is important that your application is strong. Also, there are only a limited number of seats, and having a good LSAT score will strengthen your position. You can take LSAT more than once. However, you will have to report test scores for a period of 5 years. So, it is important that you perform well on your first attempt.

Now that you are in law school, you need to focus on the extreme workload you will be facing. Every law degree is 3 years long, and the specific requirements and courses will depend on the school you are in. In law school, you will learn everything you need to know about the field.

After graduating, the next step is passing the Multistate Professional Responsibility Examination or the MPRE. In the exam, you will be asked 60 questions about ethics. Once you get a passing score in this, you will be eligible for taking the State Bar Examination.

Next comes the most difficult step in becoming a tax attorney – the Bar Exam. Students usually spend months preparing for it. It is a very comprehensive exam in which students are tested in all areas of the law. However, the bar exam is not the same for every state. To be a Los Angeles Tax Attorney, you might have to check up the Bar Exam in the California state. It might include either one of the following:

  • MBE (Multistate Bar Examination)
  • MEE (Multistate Essay Examination)
  • MPT (Multistate Performance Test)
  • UBE (Uniform Bar Examination)

The Bar examination is the final step in the journey of a tax attorney’s education. 

Skills and job description of a tax attorney

It is clear that a tax attorney is responsible for helping people and businesses with their taxes. Now, this could include representing them during disputes with the IRS or any other government agency or finding a legal way to reduce any tax exposure. Also, their job involves a number of tasks like doing research on tax law, negotiating with other lawyers, conducting transactions, etc. If they are representing their clients in a court, they will be preparing for a trial.

A tax attorney can enter into a number of specialty fields including the following:

  • Corporate tax
  • Mergers and acquisitions
  • Litigation
  • Audits
  • Appeals
  • Estate planning
  • Real estate tax

Regardless of the area you choose, there are some required qualities that a tax attorney should possess to be successful in their field.

  • Attention to detail
  • Knowledge of IRS protocol
  • Knowledge of tax law
  • Strong analytical reasoning
  • A strong foundation of legal codes
  • Updated on the government regulations

One of the main duties of a tax attorney, or for that matter any attorney, is ensuring full compliance for clients. This means that they have to strictly adhere to government deadlines. Another responsibility of a tax lawyer is working on designing a tax planning project. For projects like these, creativity is needed, and usually, clients hand over the responsibility to their attorneys who are tax experts. Also, there are some other complicated job assignments that a tax attorney must perform, including providing support to the clients through domestic market calculations. Tax audits are another important and common responsibility of a tax attorney.

It is the job of a tax attorney to help individual clients and business owners understand their tax situation. The reason why these tax experts are so much in demand is that the tax is an important and essential part of every business transaction. Even NGOs hire tax attorneys for documenting their transactions and staying updated with all the tax processes involved. Also, tax attorneys are the client’s line of defense against state tax agencies and the IRS.

Salary of a tax attorney

Attorneys are usually paid through billable hours. The same goes for tax attorneys. They will have to log every single minute of work done for the clients. The salary of a tax attorney depends on their experience. For example, the entry-level tax attorneys earn an average of $77,000 to $105,000, which is less than the average income. They spend most of their time conducting research. With experience, the value of a tax attorney also increases. Also, the salary will depend on the city you live in. This means that a Los Angeles tax attorney might earn more than a tax attorney in smaller cities. According to Glassdoor, a Los Angeles Tax attorney earns on an average of $141,000 per year while a Houston Tax attorney earns about $133,000 per year. 

Every business and every professional has to deal with taxes. This means that no matter which sector you work in or which state you live in, you will need a tax attorney. These tax experts can be hired by a law firm or an accounting firm. Tax attorneys are very flexible. They can work in a law firm, in a large corporation, or have their own business. It is a stable field for any lawyer. And if you want to work as a less-stressed lawyer, tax law is the one for you.