Reply to What do all of the financial professionals do and how are they different?

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[quote=Anonymous][quote=Anonymous]Well, there is a very wide spread of what these folks do even within each category.

I'm a lawyer who litigates tax cases. I'm a fed. I pretty much learn whatever tax issue I need to understand for any given case. I'm good at tax, and it interests me, but I'm more of a litigator than a tax attorney. Most tax attorneys don't litigate -- they plan and execute strategy, usually for corporations or very, very rich people looking to minimize tax burden.

Tax accountants, often CPAs, do everything from preparing very basic returns for individuals up through preparing very complex returns for business entities up through planning complex strategy.

Both accountants and lawyers represent clients before the IRS. The IRS hears very simple appeals with like $200 at issue and hears extremely complex appeals with like $500 million at issue. And everything in between.

I'm not totally sure exactly what financial planners do -- I think that industry is full of a lot of sketchiness. Lots of legit folks in there, but lots of sketch as well. A lot of them are just selling investment products and have little to no actual knowledge of or even experience in finance. I'd love more info about this if others know a lot about it.

Advice regarding the drafting of a will should be given by a lawyer. [/quote]

+1 Just adding that tax attorneys often work closely with M&A attorneys for structuring deals.

I’m a tax attorney working at a cpa firm and do everything from writing opinions/consulting on tax positions, to assisting with tax compliance. [/quote]

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