Do you want to be a happy lawyer? Investigate tax law


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Tax attorneys, in fact, report being the happiest with their professions when compared to all other practice areas. Continue reading to find out why.

Below is a look at some of the main reasons why you should consider studying this lucrative specialty in law school, as well as a preview of the work you may perform as a tax lawyer.

1. You will be more stable

Tax attorneys will always be needed as long as there are taxes—and you know what they say about death and taxes.

There is always a need for tax law knowledge, and your skills will undoubtedly be in demand all year. (In litigation or other transactional jobs, you may be busier than your law school contemporaries!)

While tax law is not immune to the ebb and flow of the economy, it does tend to be more stable, especially during economic downturns. Furthermore, with tax reform being a continuously heated political subject, the industry is expected to see even more demand.

Tax legislation may also be more emotionally stable. The task is not as emotionally charged as, say, family law. So, if you want to avoid the dramatic side of the legal profession, studying tax law can be the correct path for you.

2. There are several work opportunities

Because tax law applies to everyone, tax attorneys may find work in almost any industry.

Tax attorneys may work in legal companies, accountancy firms, and the federal and state governments. They may also act as in-house counsel for companies. All of this adds up to a plethora of work opportunities.

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3. Your work-life balance will improve

Tax attorneys report working shorter and more regular hours than their colleagues in other legal fields. The only possible exception is tax season. They also claim that taking holidays as a tax lawyer is easier…though probably not around.

4. You’ll make a solid living

Tax attorneys anticipate significant, sustained profits. To be sure, where you practise will have a significant influence on your revenue. Working for a bigger firm or in a city will greatly increase your compensation.

Though your income may not be as high as in other legal disciplines, such as litigation, the tradeoff may be worth it when you consider other desired characteristics of the position, such as more flexible hours, stability, and work-life balance.

5. You have the ability to make a difference

Tax legislation can make a significant difference—and we’re not just talking about a few bucks saved on a tax return.

Taxes may be complicated at times, and your advice can help companies stay afloat or a family’s finances intact. You might also work for a nonprofit organization, supporting their purpose administratively. You may also help folks in need by volunteering with organizations such as the volunteer income tax assistance (vita) programme.

Finally, if you wish to reform tax laws at a higher level, you may collaborate with the IRS, the treasury department, or other government agencies.

Everyone’s tax position is unique, and the sort of results you get will be determined by your specific circumstances. Contact us at polstontax.com immediately to learn more about the tax relief alternatives that may be available to you and how BC Tax may assist you in resolving your tax issues.

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Elyse Walker