Tax attorneys are becoming increasingly sought-after by corporations and other businesses, but many are underpaid.
Tax lawyers typically charge $50,000 a year, according to an Associated Press analysis.
The average lawyer earns about $60,000 annually, according the Tax Foundation, and many of the top-paid lawyers earn more than $100,000.
They have a reputation for being tough on the corporations they represent, but it can also lead to them losing their clients to the tax man.
“The reality is, a lot of tax attorneys don’t have a lot to lose,” said Matthew Miller, a partner at the law firm Jones Day, who specializes in corporate and employment taxes.
He added that it’s not unusual for one to lose a case for more than a year because the case is resolved without a resolution or agreement between the parties.
One of the biggest reasons that tax attorneys are underrepresented is due to a tax system that rewards attorneys for helping the government make its case.
This system has been the subject of a recent Senate audit that found that the Internal Revenue Service (IRS) paid the largest amount of money in compensation to tax attorneys during the 2017 fiscal year, with the IRS paying $8.2 billion to the firms that represented clients, according a Senate report released last week.
Even as the IRS audit was released, the Senate Finance Committee approved an extension of the current law that allows the agency to continue paying attorneys.