How to Become a Tax Attorney?

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Before choosing a Tax Attorney, it is important to ask around for recommendations. Also, look up the attorney’s reputation online. You should be wary of hard-sell tax attorneys who ask for all the money up front. However, many tax attorneys do accept retainers. Ask questions about the firm’s experience and their plan of action.

Job description

The job description of a tax attorney includes a wide range of duties. They assist customers, advise businesses, and analyze tax laws. Typically, tax attorneys work full-time, during normal business hours. During tax season, overtime may be required. However, most tax attorneys are able to spread their workload throughout the year. Tax attorneys can work for one of the Big Four accounting firms such as Deloitte, PricewaterhouseCoopers, or KPMG, or they can establish their own private tax law practices. Some tax attorneys are also kept on staff at individual businesses with significant tax needs.

A tax attorney helps clients understand the complexities of tax laws and advises them on how to minimize their tax liability. They conduct extensive research and meet with clients to determine their needs. In addition, they may represent their clients in tax disputes. A tax attorney may also work in private practice, either as an independent attorney or as part of a legal team.

Education requirements

To become a tax attorney, you’ll need to complete at least a law degree from an accredited law school. While most schools do not offer specialized tax courses, you can take a few to see if tax law is right for you. After graduation, you will need to pass a bar exam in the state in which you wish to practice. The exam is usually a two-day or three-day exam, and you’ll need to take a preparation course lasting six to eight weeks.

As a tax attorney, you’ll have to have a strong understanding of math and accounting. This is crucial to your role in this field, because you’ll need to be able to communicate complex tax code concepts to clients. In addition, you’ll need to be able to read statutes, analyze case law, and conduct thorough research.

Bar exam

The Bar exam is a comprehensive test with several different sections. It consists of six types of questions and is presented back to back over three days. The content is not rigid and the right answer for any of the questions may not be clear at first. This is why it’s important to study specifically for the exam.

In order to become a tax attorney, you must pass your state’s bar exam. These exams vary from state to state, and may contain multiple-choice questions as well as written essays. The exam also requires you to pass a set of ethics questions and maintain a certain number of professional standards. Once you’ve passed the exam, you can continue your education by enrolling in continuing education courses in your field.

Experience required

To become a tax attorney, you will need a background in accounting, mathematics, and tax law. The job requires a lot of communication and problem-solving skills, as you will be required to explain complex laws and regulations to clients. Additionally, you must have strong research skills and be able to analyze case law and statutes.

A tax attorney’s education begins with the completion of four years of pre-law and three years of law school. The best electives to take during pre-law are general business taxation, estate planning, and financial services. In addition, attorneys must pass a state bar exam and continue to take continuing legal education courses. Licensed attorneys are expected to adhere to all laws and regulations in their state.

Fees

Most tax attorneys offer a free initial consultation. This is a great way to learn whether a tax attorney is the right fit for your needs, and to ask any questions you have. Many attorneys provide a free consultation of at least 30 minutes. It is also an opportunity to discuss the costs and fees of hiring a tax attorney.

Fees for a tax attorney can vary depending on the complexity of your case. For a simple IRS appeal, fees can range between $5,000 and $10,000. For US Tax Court litigation, fees can easily reach tens of thousands of dollars.

Mike

Find top rated attorneys and law firms profiles with Find Attorneys Directory, the best and free online attorney directory. Guest bloggers can also publish their articles here as other bloggers are doing.

How Do I Find the Best Lawsuit Funding Company in Arizona?

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Arizona roads are some of the most dangerous in the country. If you’ve been injured in an accident that wasn’t your fault, you may be considering filing a personal injury lawsuit. Arizona is one of many states that employ an “at fault” (often called a “tort”) system for insurance claims. For a successful claim, a driver must show fault on the other driver’s part before insurance claims will be paid out.

If one has been injured in an accident, they may wonder how they will pay for the medical bills and other expenses. Lawsuit funding can help. This financing allows the victim to receive money before their case goes to trial, giving them the financial stability they need while waiting for a settlement.

But how do you find a reputable lawsuit funding solution in Arizona? Follow these three tips.

  1. Do Your Research

The first step in finding a reputable lawsuit funding company is to do your research. You can start by asking for recommendations from friends, family, or colleagues who may have used a lawsuit funding company in the past. One can also check online reviews and consumer protection websites.

It’s important to remember that not all lawsuit funding companies are created equal. Some may have hidden fees or less-than-reputable business practices. Therefore, you’ll want to choose a company that is upfront and transparent about its fees and terms.

Some hidden charges may include:

  • Application fees
  • Brokerage fees
  • Origination fees
  • Documentation fees

Make sure to ask about all potential charges before applying for funding. You should also read the fine print carefully to avoid any surprises down the road.

  1. Check Licensing and Accreditation

In Arizona, if you change lanes and collide with a car hiding in your blind spot, a police officer will probably issue you a ticket for violating this statute. There are many such laws on the books, and if you’ve been injured because somebody violated one of them, you may have a personal injury case.

To find a reputable lender, check whether the State of Arizona licenses them. The office of the Arizona Attorney General should have a list of all the licensed lenders in the state.

One can also check whether the Better Business Bureau accredits the lender. The BBB website has a search function where the victim can input the business’s name and determine its rating.

  1. Check What Types of Cases the Company Funds

The lawsuit funding solution in Arizona you work with should be willing to fund various case types. It shows that they are experienced in the field and are more likely to have the resources to fund your specific case. For example, some companies only fund personal injury cases, while others may also fund employment disputes and other civil claims.

Some common cases which are eligible for funding include:

  • -Commercial Litigation
  • -Personal Injury
  • -Medical Malpractice
  • -Employment Disputes
  • -Breach of Contract

The company should also be willing to provide the victim with a list of past clients they have worked with. It will give one an idea of their experience and success rate.

Final Words

Whether you’re looking for a pre-settlement cash advance or funding after settling your case, you want to work with a reputable company. So do your research and ask around for recommendations. Once you’ve found a few companies that look promising, give them a call and see if they can help you with your specific case.

Mike

Find top rated attorneys and law firms profiles with Find Attorneys Directory, the best and free online attorney directory. Guest bloggers can also publish their articles here as other bloggers are doing.

A Guide to Lawsuit Funding

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If you’re thinking of filing a lawsuit, it’s a good idea to learn about lawsuit funding, so you can have immediate help to pay for your lawsuit. Some instances where lawsuit funding can be useful are:

  • A car accident victim needs money for medical bills and car repairs.
  • A worker who was injured on the job and is unable to work.
  • A consumer who has been victimized by a defective product.

The possibilities are endless, and if you have a good case, there’s a good chance you can get lawsuit funding. With lawsuit funding, you can get the money you need to pay for your lawsuit without having to worry about how you’re going to come up with the money.

What is Lawsuit Funding, and How Does It Work?

Lawsuit funding is not a loan. It is simply an advance on the future settlement or verdict you may receive from your lawsuit. The best part about lawsuit funding is that you only have to pay the money back if and when you win your case. If you lose, you don’t owe anything.

What are the Requirements for Getting Lawsuit Funding?

In order to qualify for lawsuit funding, you must have a strong case with a good chance of winning. The funding company will review your case and make a decision based on the strength of your case and the likelihood of success.

How Much Money Can I Get from Lawsuit Funding?

The amount of money you can get from lawsuit funding depends on the strength of your case. It also depends on the amount of money you’re seeking in your lawsuit. In case of personal injury lawsuit funding, you can expect to receive 10-20% of the settlement value. However, most companies will cap the amount they’re willing to fund at $100,000.

The Benefits of Lawsuit Funding

The benefits of lawsuit funding are numerous. Perhaps the most important benefit is that it allows plaintiffs to level the playing field by providing them with the financial resources they need to continue their legal battle against powerful defendants.

Lawsuit funding can also help plaintiffs cover the costs of living and other expenses while their case is pending. This can be a huge relief for plaintiffs who are struggling to make ends meet.

Another benefit of lawsuit funding is that it can help plaintiffs stay in their homes and keep up with their car payments and other bills. This is important because if plaintiffs fall behind on these payments, they may end up losing their homes or cars.

Lastly, lawsuit funding can help plaintiffs get the best possible settlement or verdict in their case. This is because plaintiffs who have the financial resources to continue their fight are more likely to get a larger settlement or verdict than those who don’t have the same resources.

How to Find the Best Lawsuit Funding Company

If you’re looking for a lawsuit funding company, there are a few things you should keep in mind. First, it’s important to find a company that has a good reputation. You can check online reviews or ask around to see if anyone has used a particular company and if they were happy with the service they received.

It’s also important to find a company that has experience funding the type of case you’re filing in court. Not all companies fund every type of case, so it’s important to find a specialized lawsuit funding company to suit your requirement.

Finally, it’s important to find a company that offers competitive rates. Some companies charge high fees and interest rates, so it’s important to shop around to find a company that offers a fair rate.

Conclusion

When you’ve been injured because of someone else’s negligence, the last thing you want to worry about is how you’re going to pay your bills. Lawsuit funding can help ease the financial burden and give you the resources you need to continue your fight for justice.

Mike

Find top rated attorneys and law firms profiles with Find Attorneys Directory, the best and free online attorney directory. Guest bloggers can also publish their articles here as other bloggers are doing.

What Should I Do if I Lost Money Investing?

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I Lost Money Because of My Financial Advisor. Now What?

Investors hire securities attorneys to recover losses that resulted from their financial advisor’s misconduct. Investing always comes with some degree of risk, but financial advisors must follow regulator rules when they recommend securities and offer investing advice. When they break the rules, securities lawyers help investors recover as much of their losses as possible.

What Are the Most Common Types of Investor Fraud?

The Financial Industry Regulatory Authority (FINRA) maintains statistics regarding investor disputes. These are some of the most-cited reasons for investor complaints:

  • Negligence

Financial advisors need to take common-sense steps to make sure their clients’ investments earn a return. FINRA could decide a broker engaged in negligence, for instance, if they failed to inform an investor about potential fee discounts.

  • Misrepresentation

Financial advisors should give accurate descriptions of their potential investments.

  • Omission of Facts

Financial advisors cannot omit facts that could affect an investor’s decision. This might include details about how long the investor should hold the investment.

  • Suitability

Financial advisors must “know their customers.” They have to take into account factors like age, financial goals, and risk tolerance before they recommend securities.

  • Failure to Supervise

This complaint is directed at the brokerage or the firm. FINRA requires that member firms supervise their financial advisors. Supervision includes tasks like reviewing trades to make they fit FINRA’s suitability requirements.

Brokers and Investment Advisors: What’s the Difference?

Financial advisors could be either stockbrokers, or investment advisors, or both. Investors should know that registered investment advisors and brokers work under different sets of rules.

Let’s break down the main differences:

Different Regulators

Brokers and investment advisors both recommend securities, but they have different regulators.

  • Brokers are regulated by the Financial Industry Regulatory Authority (FINRA)
  • Investment advisers are regulated by the Securities Exchange Commission (SEC)

Different Standards of Conduct

  • Registered investment advisors are fiduciaries, meaning they are legally obligated to work in their client’s best interests.
  • Brokers must follow suitability requirements when recommending securities, but they are not required to disclose as much information regarding potential conflicts of interest.

What Steps Should I Take to Recover My Losses?

When you start working with a financial advisor, you typically agree to settle disputes through FINRA arbitration instead of civil court. FINRA’s website states that arbitration is often a quicker way to settle disputes.

  1. File a Statement of Claim.
  2. The firm or brokerage might choose to settle with you or deny the claim. A denial does not mean you lost your case – it simply means that the brokerage isn’t willing to settle.
  3. Arbitration panel selection. Both parties have a say in panel selection.
  4. Arbitration hearing. Today, these hearings increasingly take place over Zoom.

How Much Does a Securities Lawyer Cost?

Fees depend on a variety of factors, but initial case evaluation are usually free. Securities lawyers often work on a contingency, meaning that they don’t get paid unless the investor wins their case.

When Should I File a Claim?

Investors have six years from the time the alleged financial misconduct to file their claim.

Why Do I Need a Securities Lawyer for Arbitration?

Investors are not required to have securities lawyers, but studies suggest that lawyers can have a positive impact on the investor’s outcome. Firms and brokerages sometimes have an unfair advantage and more insider information on the potential panel members. You are not required to hire an attorney for arbitration, but according to FINRA, brokerages are almost always represented by a lawyer.

With a securities attorney, you’ll be able to present a more confident case. And since they only get paid when you win, they’re motivated to do everything they can to help.

Marc Fitapelli

Marc Fitapelli is a co-founder of Fitapelli Kurta, a national law firm focusing on securities litigation and arbitration. During his decade-plus of experience, he has successfully recovered millions of dollars on behalf of investors.

How Can Creditors Use the Option of Litigation Finance for Recovering Unsecured Loans?

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It is a known fact that when a person files for bankruptcy, it is an official declaration that they are no longer in the position to repay the loans they have taken. Depending on the type of bankruptcy they have filed for, their obligation to repay loans, particularly unsecured ones, is wiped off. Ultimately, the creditors who have granted unsecured loans are at the risk of facing major losses. Read more

Brandon L. Fernandez

Brandon L. Fernandez is a native of Fort Lauderdale, Florida, and is an associate in the Lydecker Diaz’s Miami office. Mr. Fernandez’s practice includes all aspects of federal and state civil trial litigation with a primary focus in civil rights litigation, complex commercial litigation, government liability, law enforcement liability, labor & employment law, premises liability, and professional liability.