Tax issues have now become very relevant to almost all areas of law and they can crop up on both transactional as well as litigation contexts. In addition, tax laws have quite a profound impact on commerce, as well as personal matters, throughout out world. It is for this reason that practically all lawyers need to be fluent in tax laws, because both individuals and businesses need tax advice from their attorneys.
Most tax law schools have courses that focus on issues regarding federal income tax applicable to all individuals, which is of great use not only to students who are thinking of a career in tax law but also for those who are planning on going into other aspects of law. Most people deem taxes as a necessary evil, and in the same way, an aptitude in tax law is deemed a basic building block of a successful career in all areas of law.
Most tax law courses require an introductory income tax course as a prerequisite. Students who intend on pursuing tax law need to take such a class during their second year so that they have the best preparation for dealing with their advanced tax courses in their later years. Tax law courses are very comprehensive and cover income tax issues with regard to individuals, partnerships and entire corporations. They deal with charitable giving, transfer taxation, tax procedure and tax policy.
Something that is rather surprising about studying tax law is that it is certainly not as boring or difficult as most students expect it to be. Many find that their tax law course is one of the easiest and best in their entire law school curriculum. Students tend to enjoy their tax law courses so much that some decide halfway through law school to further study tax matters and pursue a career in it. Even if you are a student whose focus is on other aspects of law, you may find that taking an extra class or two in tax laws will help give you a better comprehension of the tax system.
Students could not possibly lose out by taking a course or two in tax law while at law school. Whether they are an aspiring general litigator, who needs the best framework with which to view the system, or a future tax lawyer, who needs to have mastered all the intricacies of the complicated tax system, there are few other courses that could better prepare you for such careers.