We serve as attorneys to clients on Federal and California state tax matters in the corporate, individual and partnership tax areas. Taxes play a substantial role in business transactions and we create and implement innovative tax planning for individuals and businesses. Where a transaction or event may be subject to income tax, we attempt to structure the transaction to achieve deferment of the gain by methods such as tax-free exchanges, tax-free reorganizations and installment notes.
Should a transaction be subject to tax, we employ techniques to have the transaction’s gain taxed at lower long-term capital gain rates, rather than higher ordinary income tax rates. We work with clients, their accountants and investment bankers to structure their business and company acquisitions and sales in a tax efficient manner. When required, we obtain rulings from the Internal Revenue Service to assist our clients with tax planning.
Tax Planning for Non-Citizens
The United States taxes foreign investors in United States assets under a complex set of rules set forth in the Internal Revenue Code. Proper planning can reduce or eliminate many of these taxes for foreign investors. If you are a nonresident alien or are about to become a United States resident and are considering making an investment in United States assets, let us show you how to reduce the incidence of United States income taxes.
Tax & Estate Planning for Same-Sex Couples
The U.S. Supreme Court’s 2013 decision in United States v. Windsor to strike down the Defense of Marriage Act means same-sex couples who are legally married will now be eligible for federal benefits, and significantly changes their financial planning options. As a result of this decision, the surviving spouse in the Windsor case was able to get back $363,053 in federal estate tax. Same-sex couples now have access to the same retirement benefits, tax breaks and health coverage as married heterosexual couples.
IRS & State Tax Controversies
Are the IRS and other tax authorities breathing down your neck? We have the expertise in dealing with the tax problems that arise with these agencies. It is our standard to provide carefully tailored, correct, and complete tax help. There is no universal handbook for resolving tax controversy issues with the Internal Revenue Service and state taxing authorities, as each tax problem has unique facts and circumstances. We formulate case-specific solutions and help you exercise your rights to find a no-bankruptcy solution to any tax problem. This might include negotiating an offer in compromise, setting up an IRS Installment Agreement, stopping a tax levy, and other resolutions to your IRS liability. When you need IRS help, consider having us on your side. Our law firm will deal with the IRS and state tax agencies so you don't have to, and we will aggressively pursue the best possible IRS Debt Relief option(s) to fix your problem and protect your income and assets.