how much does a tax lawyer cost site:www.quora.com

by Carmela Brown 8 min read

What is the average cost of hiring a tax attorney?

Answer: Services provided by an advocate to any person other than business entity is exempted from GST as per Sl.No.45 of Notification No.12/2017-Central Tax(Rate) dt 28.6.2017. Legal Services rendered by an advocate to a business entity with less than Rs 20 lakhs turnover in the previous year is...

What are the requirements to become a tax attorney?

Answer (1 of 4): Anonymous because of a currently in force contract …. Working at H&R Block, the average of all the returns that I did last year was close to $130/person. This is across a variety of returns from single slip personal returns to business returns in excess of $500. Most employed t...

How much do income tax lawyers get paid?

Answer (1 of 3): There are too many variables to give you an accurate estimate, without knowing more facts about your situation. A great deal depends on the attorney that you use to assist you, because the attorney fee is typically the biggest expense in …

Can a tax attorney really help?

Answer (1 of 7): The cost basis for securities- at least in the modern world- is identified by the statements you get via email/computer. I will let your other answers address that. In a, say, multi family rental, what you paid for the property is a basis for the price paid, but it is not the ba...

How much do the best lawyers cost?

Attorney fees typically range from $100 to $300 per hour based on experience and specialization. Costs start at $100 per hour for new attorneys, but standard attorney fees for an expert lawyer to handle a complex case can average $225 an hour or more.

Are lawyers worth the money?

Like any profession, lawyers are not appropriate or necessary in every situation, but they can be extremely useful and even necessary in certain situations. Many lawyers specialize and are knowledgeable in a particular area, so they can help you if you need representation or assistance in their area of expertise.Dec 5, 2014

What is the highest hourly rate for an attorney?

Just as it did last year, the District of Columbia has the highest lawyer hourly rate, an average of $380, up 8.4% from 2019, when the average was $348. After D.C., the top jurisdictions are, in order, New York at $357 (+3%), California at $338 (+4.4%), Delaware at $333 (+7.2%) and Nevada at $312 (+1.2%).Feb 3, 2021

How much do the most expensive lawyers cost?

Topping the list of the country's most expensive lawyers is Kirkland & Ellis partner Kirk Radke. The private equity and corporate counsel bills $1,250 per hour. The big billers tend to cluster in finance-related practices.Oct 4, 2017

What should you not say to a lawyer?

9 Taboo Sayings You Should Never Tell Your LawyerI forgot I had an appointment. ... I didn't bring the documents related to my case. ... I have already done some of the work for you. ... My case will be easy money for you. ... I have already spoken with 5 other lawyers. ... Other lawyers don't have my best interests at heart.More items...•Mar 17, 2021

How much is a lawyer?

You can pay anywhere from $50 to thousands per hour. Smaller towns and cities generally cost less while heavily populated, urban areas are most expensive. The more complicated the case and the more experienced the attorney, the more you'll pay. Lawyer fees can range from $255 to $520 per hour.

What is a retainer fee for a lawyer?

A retainer fee commonly refers to the upfront cost of a contract for professional services, such as with a consultant, freelancer or a lawyer. You put down a deposit, which the service provider will use to cover any costs involved in their legal services.May 23, 2019

How much do lawyers make an hour?

According to the United States Department of Labor's Bureau of Labor Statistics, the annual median wage for an attorney as of May 2016 was $118,160. This means that 50 percent of attorneys made more money than $118,160 and 50 percent made less. This breaks down to a median hourly wage of $56.81 per hour.

Who is the richest lawyer in the world?

A Dozen of the Richest Practicing Lawyers in the WorldWichai Thongtang. Net Worth: $1.8 billion. ... Charlie Munger. Net Worth: $1.6 billion. ... Bill Neukom. Net Worth: $850 million. ... Judge Judy. Net Worth: $440 million. ... Robert Shapiro. Net Worth: $120 million. ... John Branca. Net Worth: $100 million. ... Roy Black. ... Jane Wanjiru Michuki.More items...•Sep 29, 2021

What type of lawyers make the most money?

Types Of Lawyers That Make The Most MoneyMedical Lawyers – Average $138,431. Medical lawyers make one of the highest median wages in the legal field. ... Intellectual Property Attorneys – Average $128,913. ... Trial Attorneys – Average $97,158. ... Tax Attorneys – Average $101,204. ... Corporate Lawyers – $116,361.Dec 18, 2020

Who is the richest lawyer in America?

The wealthiest practicing attorney in America, he was frequently referred to as the "King of Torts". In 2011, his net worth was estimated by Forbes to be $1.5 billion, making him the 833rd richest person in the world....Joe Jamail.Joseph D. Jamail Jr.OccupationAttorney5 more rows

How much does a small business audit cost?

A small-business audit costs anywhere from $5,000 to $75,000, depending on the size of the company, the complexity of its data and other factors—typically double the cost of a financial statement review, the next highest level of CPA-verified assurance after an audit.

What can auditors identify?

Auditors can identify wasteful expenditures and recommend better options. They can identify income generating positions compared to auxiliary positions. They will advise businesses which are important income earning positions and which ones are not directly linked to the profitability of a company. Related Answer.

Why do banks love audits?

JAMES STEINBERG. "Banks love when you have audited financials because they view it as a form of insurance ," says Buzz Rose, a certified public accountant in Pittsburgh. "But audits have become very expensive and to have one done 'just in case' would seem to be a waste of time and money.".

What is the purpose of an audit?

The purpose of the audit is not to extract money from hapless taxpayers, but to be sure that the tax return was filed in accordance with the rules. Let the chips ( or tax forms) fall where they will.

Why is it important to audit a company?

An audit helps a business to understand its weaknesses and recommend improvements .

What is auditing financial statements?

An audit provides third-party assurance that a company's financial statements are correctly prepared and based on verified business data, while a review shows the statements are at least internally consistent with data provided by management.

How long does it take to break even?

It takes about 3 years for you to break even, from the date of starting your practice. While the initial cost may at best be the advance, furnishings, interior decoration,and staff salaries, besides miscellaneous expenses like electricity, wages to support staff etc, you should also factor in your living expenses.

How many years of experience do I need to become a lawyer?

You should opt for a lawyer with an experience of 10 years or more. But if you will choose a brand then obvious the amount will be high. If you will choose a lawyer who has an experience and has a good knowledge (alumnus of a renowned government college not private college), then you may have a slight bargain.

What is an AB and bail?

AB and Bail are matter of your innocence, Police report, Public Prosecutor’s say and your Lawyer’s petition with authorities. So if you have a right mix then any good lawyer means a lawyer not only with degree but profound knowledge can get you an AB (at a affordable cost). All the best. Related Answer.

What does a judge decide on bail?

While deciding on the bail amount and bail conditions, generally the Judge focuses on the following points:-. a) The seriousness of the offence.

How long does it take to get an AB?

Usually an AB petition in Sessions court will take not longer than a week to get orders and around 2 weeks at HC level. This is also on the higher side. As to cost - a competent attorney may charge you 50,000/- for getting AB but if charges are really serious - then fees may be as high as 5,00,000/-.

What is a bail under section 438?

A bail under Section 438 is a bail before arrest and a person cannot be arrested by the police if the anticipatory bail has been granted by the court. The process to apply for a bail depends upon the stage at which the criminal matter is.

Can a person file a false 498A?

For instance, if the person has an apprehension that his wife may file a false 498A case against him, he can obtain an anticipatory bail before the police register a complaint against him. The bail amount or the bail bond to be deposited depends upon the discretion of the court.

Can I file anticipatory bail?

It all depends on the case and your financial status. A person who discerns that he may be arrested by the police for a non-bailable offence, can file an application for anticipatory bail. It is like an advance bail obtained under Section 438 of the CrPC.