If you're interested in a career in tax law, you'll need to be committed to years of study and training. Tax law specialists are legal professionals who have a high-level knowledge of tax law and help their clients resolve tax-related legal issues. To become a tax law specialist, you'll need to earn a bachelor's degree, prepare for and take the LSAT, attend law school, pass the bar exam, and apply for jobs.
Characteristics | Values |
---|---|
Education | Bachelor's degree in accounting, finance, economics, or business administration. Master's degree in accounting or business administration with a concentration in taxation is advantageous. |
Experience | Internships or entry-level positions in tax law firms or with tax-focused lawyers. |
Credentials | Certified Public Accountant (CPA) credential. Enrolled Agent (EA) status. Board-Certified Tax Law Specialist credential from at least one State Bar. |
Skills | Analytical reasoning, critical thinking, research, problem-solving, attention to detail, strong communication, and motivation. Proficiency in legal practice management software. |
Exams | Law School Admissions Test (LSAT). Bar exam. Uniform Certified Public Accountant Examination (for CPAs). Special Enrollment Examination (for Enrolled Agents). |
What You'll Learn
Earn a bachelor's degree in a relevant major
Earning a bachelor's degree in a relevant major is the first step towards becoming a tax law specialist. Aspiring tax attorneys should consider a bachelor's degree in accounting, finance, economics, business administration, or pre-law. Common majors for aspiring tax attorneys include accounting or related taxation degrees. During your bachelor's degree, you should also consider taking courses that cover tax laws, tax rules, and accounting. This will help build a strong foundation for your future studies and career in tax law.
In addition to choosing a relevant major, it is also beneficial to gain practical experience through internships or entry-level positions in the field. Building your resume during your undergraduate studies is important, as it demonstrates to law schools that you are a well-rounded applicant. Consider joining law-related student organizations, interning at law firms, or even exploring volunteer opportunities to boost your law school application.
Furthermore, if you are planning to pursue a master's degree in taxation or a similar field, a bachelor's degree in a relevant major will provide you with the necessary foundation. A master's degree can enhance your employment opportunities and improve your earning potential, especially if you specialize in taxation or tax law.
Overall, earning a bachelor's degree in a relevant major is a crucial step towards becoming a tax law specialist. It provides you with the necessary knowledge and skills to succeed in your future studies and career. By choosing a major such as accounting, finance, or business, you will develop a strong understanding of financial and tax systems, which will be highly advantageous in law school and your future career as a tax law specialist.
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Prepare for law school
While preparing for law school, it is a good idea to build your resume throughout college. You can do this by joining law-related student organisations or interning at law firms. There may even be volunteer opportunities that can boost your law school application. You can also use this time to start studying for the Law School Admissions Test (LSAT). Consider enrolling in an LSAT test prep course or working through an LSAT workbook. You may also want to take a practice test to prepare yourself for the real thing. Getting a high score on the LSAT can improve your chances of getting into law school. This exam tests your analytical reasoning, reading and critical-thinking skills and is made up of a series of challenging multiple-choice questions.
Most people take their LSAT by the summer of their junior year or the fall of their senior year. It is important to give yourself enough time to receive your test results so that you can submit them with your law school application.
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Take the LSAT
To become a tax law specialist, you'll need to take the LSAT, or Law School Admission Test. This is an integral part of the law school admission process and is required by most law schools. Your LSAT score is a key component of your law school application, and the higher you score, the more options you'll have for attending law school.
The LSAT is offered seven times a year, and it's important to schedule your test early enough that your scores will be available by your first law school application deadline. The test costs $222 and consists of multiple-choice questions. It is designed so that the average test-taker should not be able to finish all the questions in the time allotted. The test is 2 hours and 30 minutes long and consists of 99–102 multiple-choice questions.
Starting with the August 2024 test, the LSAT will consist of two scored Logical Reasoning sections, one scored Reading Comprehension section, and one unscored variable section. The LSAT is scored on a scale of 120 to 180 points. Because most top law schools average multiple LSAT scores, it's best to prepare thoroughly and only take the test once.
You can prepare for the LSAT by taking practice tests. There are free Official LSAT PrepTests available online, or you can upgrade to access an extensive library of full, official LSAT sample tests. It's important to familiarize yourself with the different types of LSAT questions so you can optimize your test preparation and perform your best.
In addition to the multiple-choice sections, all LSAT takers are also required to complete a written essay called LSAT Argumentative Writing. This section responds to the evolving needs of the legal profession.
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Attend law school
To become a tax law specialist, you will need to attend law school to earn your Juris Doctor (J.D.) degree. This usually takes three years of full-time study and you should aim to attend an accredited law school with a strong tax law program. During your first year, you will cover basic law subjects, and in your second and third years, you will take elective courses, internships, and clinical placements.
If you want to become a tax attorney, it is important to concentrate on tax law during your studies. Some law schools offer joint J.D./Master of Laws (LLM) in Taxation degree programs, which can give you a more extensive knowledge of tax law. These programs tend to be longer than typical law school programs but can make you a more competitive candidate in the job market. You can also pursue an LLM after completing your J.D. Some of these programs may require you to complete an internship with the IRS, which is invaluable experience for a career in tax law.
During law school, you should also get familiar with the different technology systems used by tax lawyers. Legal technology is becoming increasingly important in the legal profession, so it is worth getting to grips with this as soon as possible.
After graduating from law school, you will need to pass your state's bar exam before you can practice as a tax attorney.
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Pass the bar exam
Passing the bar exam is the penultimate step to becoming a licensed tax attorney. While the exam varies from state to state, you can expect several days of exams that involve multiple-choice questions and essay questions. Law school should prepare you for this important exam, but you can also enroll in bar exam prep courses to improve your chances of passing.
The bar exam is a rigorous assessment that covers many different areas of tax law, including areas that may not be included in your daily practice. Study materials for the exam are scarce, so you will need to rely on your experience and knowledge to pass. In addition to passing the exam, you must also meet rigorous ethical and experience requirements to become a board-certified tax law specialist.
Most states require attorneys to complete an ABA-accredited law degree before they can take the bar exam and earn a lawyer license. Every state stipulates that attorneys must pass a bar exam. Many jurisdictions use the Uniform Bar Exam from the National Conference of Bar Examiners. Typically, you start studying for the bar exam in law school and take the exam shortly after graduation. Once you pass the bar exam, you can apply for your lawyer license. Depending on state regulations, you may need to complete continuing legal education to maintain your license.
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Frequently asked questions
You need a bachelor's degree in a relevant field such as accounting, finance, economics, or business administration, followed by a Juris Doctor (JD) or Master of Laws (LLM) degree from an accredited law school. Some states may also require you to become a certified public accountant (CPA) by taking the Uniform Certified Public Accountant Examination.
You need a detailed understanding of federal, state, and local tax laws, strong research skills, problem-solving abilities, and excellent technical skills, including proficiency in legal practice management software.
First, earn a bachelor's degree in a relevant field. Then, attend law school and specialize in tax law if possible. Gain practical experience through internships or clinical programs. Finally, pass your state's bar exam and apply for jobs at government agencies, law firms, or private companies.
Tax law specialists often earn higher-than-average wages, with lawyers typically earning more than accountants and auditors. The career also offers strong job security as it is closely tied to the overall economy.
The road to becoming a tax law specialist can be challenging and time-consuming, requiring multiple degrees and specialized training. Additionally, tax laws are constantly changing, so professionals need to stay updated through research and continuing education.