Job Responsibilities
My job responsibilities focus primarily on seeing through the
back end of any transactions that my firm does, in that I look at
all the tax consequences of the deal. My job entails quite a bit
of research and writing on various tax consequences for various
courses of action.
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Job Requirements
I have an LL.M. from a top University. This is a very detailed
oriented field, because of all the nitty gritty details of the
code.
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Uppers
It's intellectually stimulating, and there's no document review or engaging in
due diligence on a deal.
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Downers
I'm one of few tax associates at my firm, which means that I'm
not in the mainstream. Also, I only see the tax consequences of
the deal, I usually never follow a deal from start to finish.
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Lifestyle
Because I handle such a little part of any or all deals, I have a very limited
work load. It's good to branch into other areas of the law, such as Trusts and
Estate or Bankruptcy, but I'm happy with my niche as it is.
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Compensation
Standard market rate. Bonuses are Lock-Step, which means they're
based on hours billed. This is tougher for Tax Associates,
because we don't get much work in the first place.
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Advice to Jobseekers
I'd stay away from this field, especially with all the new tax
changes.
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