Tax Attorney Salary
Salaries for Tax Attorneys in the United States are generous, with average pay above six figures ($101K) per year. Career duration is the biggest factor affecting pay for this group, followed by geography. Making up 73 percent of those who took the survey, male Tax Attorneys greatly outnumber their female counterparts. Most enjoy medical while a majority get dental coverage. Vision coverage is also available to slightly less than one-half. The majority of Tax Attorneys claim high levels of job satisfaction. Participants in PayScale's salary questionnaire provided the particulars of this report.
Job Description for Tax Attorney
A tax attorney is a lawyer whose specializes in guiding clients through the intricacies of tax law to help them to make the best possible financial and legal decisions. Corporations may have a tax attorney as part of their legal team to advise them and prevent them from making any expensive revenue-reporting mistakes. Many larger law firms also keep general tax attorneys on staff to assist individual clients either with proactive advice on financial matters or with revenue service inquiries or hearings. Tax attorneys also provide counsel and legal representation for clients who are undergoing an audit or face penalties or legal proceedings (such as those regarding past tax payments). In these cases, the tax attorney must provide the best possible advice for the client and help negotiate the most favorable settlement possible.Read More...
Tax attorneys must have an up-to-date knowledge with current tax laws and codes to provide sound legal counsel. Tax attorneys often review various business or investment strategies, and they may be called upon to present a forecast of tax burdens or taxable income. In this circumstance, the attorney must not only have an in-depth knowledge of current tax laws, but they also must have knowledge of developments on a federal and local level.
Tax attorneys are lawyers, and they must possess a degree in law from an accredited university. Additionally, they typically must have a strong educational background in tax law. Tax attorneys must pass state bar exam certification, and they also may be required to obtain additional certification to work in this specialization.
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Popular Skills for Tax Attorney
Survey takers who work as Tax Attorneys usually report a few specific skills. Those who have experience with Tax Consulting, Legal Research, and Tax Compliance can expect to be compensated well for these skills. Skills that seem to negatively impact pay include Tax Compliance. The majority of those who know Tax Compliance also know Legal Research.
Pay by Experience Level for Tax Attorney
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Tax Attorneys generally obtain higher compensation for more plentiful past experience. Respondents with less than five years' experience take home $80K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $139K. For Tax Attorneys, 10 to 20 years of experience on the job amounts to an average salary of $189K. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $225K.
Pay Difference by Location
New York offers some of the highest pay in the country for Tax Attorneys, 46 percent above the national average. Tax Attorneys can also look forward to large paychecks in cities like Los Angeles (+29 percent), Washington (+27 percent), Atlanta (+25 percent), and Houston (+21 percent). Tax Attorneys in Detroit earn salaries far below the national average by 41 percent, proving that geography overwhelmingly affects the pay scale for those in this field. Below-median salaries also turn up in Miami and Denver (29 percent lower and 22 percent lower, respectively).
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Key Stats for Tax Attorney
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