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Tax law refers to the rules constituting the law applicable to taxation. In the United States, these rules include the Internal Revenue Code and other statutes, regulations, the Constitution and common-law court decisions. Tax law also refers to the area of legal study regarding these rules. more »
The federal gift tax applies to transfers of property where the giver/donor receives nothing in return. Sensible gift giving can result in lower overall tax liability when planned for appropriately. more »
Taxes and lawyers might be two of the most unpopular topics in America. But tax lawyers, ironically, provide an essential service to people and businesses that can be quite helpful. Usually the adversary to the tax lawyer is the Internal Revenue Service (IRS) itself, because the attorney is hired to help their client pay as little... more »
Lawyers have long been regarded as one of the most highly paid professions in the world. Indeed, many people who enter law school are motivated primarily by prospects of wealth and success. However, what most people fail to consider is that, based upon the type of law an attorney practices, the salary can be very different. Criminal... more »
The only government that most people encounter on a daily basis is local. Education, police, fire protection, libraries, parks, streets, water and sanitation are all operated by local governments. Most of the services that we consider "essential" are funded within the community that uses them---and much of the funding comes from local... more »
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Tax law generally refers to the legal requirements for paying taxes to the federal government. Tax law can also refer to state taxes and local... more »
Tax law does not have to be a frustrating mystery to ordinary people. You can find good information and general advice on the Internet, but you... more »
Each year there are a number of changes in the tax law that affect most people who file Federal income tax returns. You can normally anticipate... more »
If you ever needed a lawyer and searched the yellow pages for one, you were probably stunned and confused by the large number of names to choose... more »
The United States has gone through several different phases in its development of federal tax law. The individual income tax, for example, was a... more »
Donating a car can qualify you for a valuable tax deduction. Car donations are regulated just like any other charitable contribution. Generally... more »
:"Tax code" redirects here. For the term as used in the United Kingdom PAYE system, see Tax code (PAYE).
Tax law is the codified system of laws that describes government levies on economic transactions, commonly called taxes.
Major issues
Primary taxation issues facing the governments world over include;
* taxes on income and wealth (or estates)
* taxation of capital gains
* taxation of retirement pensions and social security contributions etc.
* inheritance taxes
* taxation of gifts
* consumption taxes (or sales tax)
* taxation of corporations, LLCs, partnerships
Tax education from law schools
In law schools, "tax law" is a sub-discipline and area of specialist study. Tax law specialists are often employed in consultative roles, and may also be involved in litigation. Many U.S. law schools require about 30 semester credit hours of required courses and approximately 60 hours or more of electives. Law students pick and choose available courses on which to focus before graduation with the J.D. degree in the United States. This freedom allows law students to take many tax courses such as federal taxation, estate and gift tax, and estates and successions before completing the Juris Doctor and taking the bar exam in a particular U.S. state.
There are many fine LLM or Masters in Laws Graduate programs currently being offered in the United States, United Kingdom, Australia, Netherlands etc. Many of these programs offer the opportunity to focus on domestic and international taxation. In the United States most LLM programs require that the candidate be a graduate of an American Bar Association-accredited law school while a mere graduate law degree is a sufficient eligibility criterion in other countries for admission to LLM in Taxation law programmes.
Tax education from business school programs
There are hundreds of accredited business schools in the USA. Many are accredited by the AACSB or ACBSP or recogniz read more at » http://en.wikipedia.org/wiki/Tax+law
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