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Accounting. Audit and Tax
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Subject Topic: Tax Attorney vs Tax Accountant (Topic Closed Topic Closed) Post ReplyPost New Topic
  
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naziofsoup
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Posted: 17 Jan 2010 at 14:03 | IP Logged  

I've been looking at various career choices again, and I
was wondering what you guys think is a better career path
in terms of pay, exit opportunities, etc.
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clips2007
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Posted: 17 Jan 2010 at 14:14 | IP Logged  

You make more money as an attorney to start, but if you had to pay for your own law school then it would be a wash. You do more fas 109/fin 48 calculations as a tax accontant (in Big 4) and do more compliance (tax return prep). You should be doing more research and planning as an attorney, but youll get the same opportunities as a cpa/tax accountant at a large firm.

So when it comes down to the final decision, it depends on who pays for law school: you or mommy and daddy.    

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QuantJockMN
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Posted: 17 Jan 2010 at 14:14 | IP Logged  

Tax Accountant - 22 year old out of undergrad whom slaves away for the senior tax accountant during busy season.  Also seen cramming for the CPA exam from the months of April - December.  Also known as staff accountant, entry level accountant, etc. 

Tax Attorney - 25+ year old out of law school whom does not kiss anyone's a$$ in upper management and deals exclusively with the tax law interpretation and/or issues with the IRS.  Willingness to tell others to F off (upper management, dilbert IRS revenue agent).  Will go to bat for big clients in tax court. 

In sum: Tax attorney>Tax accountant


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kj_nyc
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Posted: 17 Jan 2010 at 14:27 | IP Logged  

The work of a tax attorney is more along the lines of what I'm interested in, but of course, you need the law school which is out of the question for me financially.  It will take more time, but there are ways you can eventually do more of the tax attorney type of work even as a tax accountant.  There a Tax Court exam for non-attorneys that, if you pass, can allow you to represent clients in tax court.  That's what I'm studying for these days.

Good summary, QuantJockMN, but you are talking about entry level.  And note the age differences.  By the time the 22 year old tax accountant is 25+, they will be at least a senior tax accountant who, although still stuck with a lot of tedious compliance work, also gets to do more of the research and planning.

But, if you have a mom or dad who is able and willing to pay for or help substantially with law school, I'd definitely recommend the law school to tax attorney route if you are at all interested in that kind of work.



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Donald11
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Posted: 21 Jan 2010 at 22:41 | IP Logged  

I was about to provide you with advice, but I am not going to since you have the word nazi in your screen name. 
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