Tax Attorneys …
Tax attorneys have 2 separate law degrees; the second is called a Master of Laws in Taxation. The first law degree is the same as any regular attorney, the second law degree is specifically in the field of taxation, and is the most prestigious law degree there is; known for its difficulty in both being admitted to an LL.M. Tax attorneys shouldn’t be used to file standard taxes — something you would probably fully realize once the bill rolls in. Tax attorneys can sometimes work with the IRS at lowering the amount your company is required to pay the IRS. Keeping track of your finances is extremely important.
IRS tax lien makes it very difficult to obtain credit or to sell real estate. IRC section 83 (property transferred in connection with performance of services) is a consideration, but, theoretically, an unlitigated claim is without value and highly uncertain. The partnership then hires the attorneys to pursue the action.
Lawyers in Duane Morris’ Trial Practice represent clients in all types of complex commercial and other litigation, from inception through trial and appeal. Our litigators are experienced in an array of areas, including securities, antitrust, intellectual property and real estate disputes. Lawyers who practice in the Real Estate Section have significant litigation skills regarding ad valorem tax issues.
Tax Attorney 101