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8 Reasons Law Students Should Choose to Become Tax Lawyer

If you are planning for what will happen after law school, you may want to consider the following question. Have you thought about majoring? If you haven’t thought about it, you probably should.

In fact, you should consider majoring in tax law. Here are 8 reasons why you should become a tax attorney.

  1. Tax attorneys are always in demand

Everyone is affected by taxes, whether business or personal. Whatever happens in the economy, taxes are constant.

Furthermore, tax laws can be complex, particularly in the midst of tax reform. Therefore, the demand for tax attorneys is always there.

In addition, the more specialized you become, the more experience you gain. This makes your skill set more valuable. In general, the order provides better job security.

  1. You will earn a competitive salary

Because of the demand for tax attorneys, you will receive a stable competitive salary. For example, according to Payscale, the average base salary for a first-year tax attorney is $85,000. This does not even include bonuses.

In fact, tax attorneys are among the most competitively paid types of law practice. Additionally, tax attorney salaries have increased in the past several years, according to Indeed.

  1. You will feel satisfied with the job

In addition to a good salary in the desired field of law, you will also feel job satisfaction. Tax code gives you a chance to make a difference. Because of the experience involved, clients listen to your advice.

Also, given the variety of tax law clients, you can choose who you want to work with. Working with clients of your choice brings you more job satisfaction.

  1. Influential tax law

There is more to tax law than just numbers. Taxes are always a hot topic because taxes affect the economy. Ultimately, people pay attention to matters that affect their pocket.

As a result, by choosing tax law, you are choosing an influential field.

  1. Tax law is a challenge

Tax laws are always changing. Besides this, there are many different pieces of the puzzle. For example, you have federal, state, and local laws to consider.

You have to stay familiar with the tax law. The constant need to learn makes tax law difficult. Additionally, tax problems require mental agility. If you like a good mental challenge, then Tax Code is for you.

  1. You have to work with different types of people

As a tax attorney, you will communicate with different people, such as accountants and financial planners. In addition, you will collaborate with specialized law professionals such as securities law. Moreover, you will work with different entities.

Being among all these players offers you the potential for growth. You will have an expanded knowledge base to draw upon to increase your own knowledge.

  1. Tax law provides more specialization

There are many different areas in which you can specialize in tax law. For example, you can become a judge. If that doesn’t work for you, you may consider mergers and acquisitions or estate planning.

If you’re looking for something innovative with potential, consider international taxation. With the push towards globalization, the demand for international tax attorneys has increased. By majoring in this, you will increase your sphere of influence and your knowledge base while expanding your expertise internationally.

  1. Tax law provides a variety at work

Besides working with different types of people, as a tax attorney, your time will be occupied with different tasks. You can go from doing your research to writing a tax opinion.

Tax law is far from boring

When most people hear about tax law, they think it’s boring, but they can’t be wrong anymore. Tax law is a demanding field that offers job security and competitive pay. Most of all, it provides a fulfilling career with the potential to grow and influence.

These are the reasons why you should consider becoming a tax attorney.

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