Tax Attorney & Tax Consulting

Tax attorneys help individuals and businesses with tax planning, IRS disputes, complex transactions, and tax controversy matters.

With tax code complexity creating significant planning opportunities and IRS enforcement increasing, clients pay $250-$600 per hour for tax counsel, generating attorney revenue of $130,000-$500,000 annually with profit margins of 45-55%.

The practice requires a law degree, bar admission, and typically an LLM in Taxation or significant tax experience.

Many also have CPA credentials.

Services include tax planning for businesses and high-net-worth individuals, estate and gift tax planning, M&A tax structuring, IRS audit representation, tax appeals, and tax litigation.

Attorneys may charge fixed fees for specific matters like $5,000-$25,000 for audit representation or $10,000-$100,000+ for complex transaction planning.

Success factors include deep technical tax knowledge, strong relationships with CPAs and financial planners, and ability to navigate IRS procedures.

Many attorneys specialize in specific areas like international tax, estate tax, or partnership taxation.

The practice requires extensive continuing education to stay current with tax law changes.

Marketing focuses on professional networks with CPAs and wealth managers, educational seminars, and thought leadership on tax issues.

With tax regulations continuing to evolve in 2025 and wealthy individuals/businesses seeking sophisticated planning, tax law offers excellent opportunities for attorneys passionate about solving complex financial puzzles while minimizing tax burdens legally.