CommonCentsMom.com is advertiser-supported: we may earn compensation from the products and offers mentioned in this article. However, any expressed opinions are our own and aren't influenced by compensation. The contents of the CommonCentsMom.com website, such as text, graphics, images, and other material contained on this site (“Content”) are for informational purposes only. The Content is not intended to be a substitute for professional financial or legal advice. Always seek the advice of your Financial Advisor, CPA and Lawyer with any questions you may have regarding your situation. Never disregard professional advice or delay in seeking it because of something you have read on this website!
Most CPA’s will tell you that you can’t become a tax attorney. But that is not the case. A CPA can become a tax attorney. In fact, some CPAs have made it to the top of the profession as a tax attorney.
What does this mean? It means that you can use your accounting knowledge and expertise to help other people file their taxes, get them in compliance, and fight back against the IRS. You are already trained in accountancy and tax law, so why not use those skills to help others with their taxes?
You can become a tax attorney because of all of the training that you receive as an accountant at work and through continuing education classes that you take. And once you start working on these cases, it will open up other opportunities for income or new clients for your business.
How CPA Can Become Tax Attorney
Here are three ways that a CPA can become a tax attorney:
1) Work for A Tax Attorney as an Employee: Many accountants have been hired by attorneys to do things like file paperwork for clients or prepare their taxes for them. They also do other things like negotiate with the IRS over audits or prepare legal documents on behalf of clients. You can become a tax attorney by doing the same things for a law firm or for other CPA’s.
2) Become an Employee of A Tax Attorney: You can also work for a tax attorney as an employee. This is not always as lucrative as it sounds, but you can use your accounting knowledge and skills to help them do their job better. If you want to be paid, you will need to have an accounting degree and some experience.
3) Become a Consultant for A Tax Attorney: In this situation, you would be paid by the hour for your services. This is a good way to make money if you don’t mind working with clients or having some administrative duties such as scheduling appointments and helping with billing clients. You will need to have experience in the field of taxation and accounting.
Examples How CPA Become Tax Attorney
You are a CPA who has been working as an employee for a tax attorney. The tax attorney has been doing all of the client preparation and legal work for the clients. He needs you to file the client’s taxes on his behalf. He pays you $150 per hour for your services. This means that you will need to file 5 hours of work per week, 52 weeks per year, for 10 years in order to break even on this job. That’s one hour every two weeks!
You are a CPA who has been working as an employee for a tax attorney. The tax attorney has been doing all of the client preparation and legal work for the clients. He needs you to prepare his taxes on his behalf. He pays you $100 per hour for your services. This means that you will need to prepare 6 hours of work per week, 52 weeks per year, for 10 years in order to break even on this job. That’s one hour every two weeks!