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The differences between tax attorneys and bankruptcy specialists can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a tax attorney and a bankruptcy specialist. Additionally, a tax attorney has an average salary of $85,681, which is higher than the $35,498 average annual salary of a bankruptcy specialist.
The top three skills for a tax attorney include litigation, law firm and real estate. The most important skills for a bankruptcy specialist are relief, pacer, and foreclosure.
| Tax Attorney | Bankruptcy Specialist | |
| Yearly salary | $85,681 | $35,498 |
| Hourly rate | $41.19 | $17.07 |
| Growth rate | 10% | 10% |
| Number of jobs | 33,760 | 4,381 |
| Job satisfaction | - | - |
| Most common degree | Doctoral Degree, 42% | Bachelor's Degree, 50% |
| Average age | 46 | 46 |
| Years of experience | 4 | 4 |
A tax attorney specializes in assisting clients in understanding tax laws. Their responsibilities typically revolve around conducting extensive research, meeting with clients to conduct initial assessments and interviews, understanding their needs, and helping them make business decisions by providing legal taxation advice. A tax attorney may also help clients to find ways to minimize their tax deductions. Furthermore, aside from working with individuals, a tax attorney may also work for companies as part of their legal team.
The bankruptcy specialist is responsible for filing and documentation loan bankruptcy materials with the appropriate attorneys. They ensure full compliance with loan bankruptcy regulations and monitor accounts throughout the loan bankruptcy process to contact the appropriate party when necessary. A bankruptcy specialist might be an administrator or lawyer in a bankruptcy office and supports bankruptcy law. They are likely to evaluate state declaration and affidavits for legal progression, interact with customers and outside counsel about bankruptcy proceedings through written and verbal communication, and work with local counsel and upper management in effectively reviewing client's files.
Tax attorneys and bankruptcy specialists have different pay scales, as shown below.
| Tax Attorney | Bankruptcy Specialist | |
| Average salary | $85,681 | $35,498 |
| Salary range | Between $50,000 And $146,000 | Between $27,000 And $46,000 |
| Highest paying City | San Francisco, CA | Norfolk, VA |
| Highest paying state | New York | California |
| Best paying company | Akin Gump Strauss Hauer & Feld | The PNC Financial Services Group |
| Best paying industry | - | Finance |
There are a few differences between a tax attorney and a bankruptcy specialist in terms of educational background:
| Tax Attorney | Bankruptcy Specialist | |
| Most common degree | Doctoral Degree, 42% | Bachelor's Degree, 50% |
| Most common major | Law | Business |
| Most common college | University of Southern California | Stanford University |
Here are the differences between tax attorneys' and bankruptcy specialists' demographics:
| Tax Attorney | Bankruptcy Specialist | |
| Average age | 46 | 46 |
| Gender ratio | Male, 62.7% Female, 37.3% | Male, 31.0% Female, 69.0% |
| Race ratio | Black or African American, 5.6% Unknown, 4.4% Hispanic or Latino, 7.8% Asian, 6.4% White, 75.5% American Indian and Alaska Native, 0.3% | Black or African American, 5.7% Unknown, 4.4% Hispanic or Latino, 7.9% Asian, 6.5% White, 75.2% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 10% | 10% |