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Definition: Tax Advisor
A tax advisor is a financial expert with advanced knowledge and special training in tax laws. Tax advisors are sometimes required in government offices in a few countries to verify the balance sheets of a few companies which are above a certain size. Services of tax advisor are also utilized by individuals or companies to minimize their tax expenses at the same time maintaining compliance with laws in complex financial situations. Companies also appoint tax advisors to write a proper income and to have a better understanding of tax laws in presence of a professional advisor.
Tax advisors can include financial advisors, tax attorneys and certified public accounts. Tax advisors are regulated by Internal Revenue Services but are not licensed by them. Hence any deviation from the standards outlined by the IRS may lead to penalties or strong disciplinary actions.