Individual & Business Tax Planning & Compliance

Identifying the factors to consider and assisting in choosing the appropriate form of business entity (C or S corporation, partnership, limited liability company, etc) and explaining the federal and state tax treatment applicable to each phase of the life cycle of each type of entity. Advising the business owners of their rights, preferences, privileges, restrictions and liabilities associated with each form of business entity.

Advising clients on corporate and partnership tax planning, including the computation and taxation of income and loss from operations. and the tax consequences regarding: contributions to new or existing corporations or partnerships, current and liquidating distributions of assets to shareholders or partners and transfers of stock or partnership interests.

Advising on tax accounting issues involving capitalization, deferral of advance payments, installment obligations, depreciation and amortization, income and expense accruals, and the economic performance rules. Assisting clients in seeking IRS consent to changes in accounting methods.

Identifying tax problems and opportunities and recommending solutions to achieve successfully the client´s tax as well as non-tax objectives.

Assisting closely held and family-owned businesses by devising business succession plans, buy-sell agreements, restructuring agreements for closely held corporations and agreements for intrafamily transfers of corporate and partnership interests.

Advising clients in connection with state and local income, sales, use, franchise, and other taxes, and in planning to minimize such taxes.

Using sophisticated income, estate and gift tax planning techniques to produce maximum benefits while safeguarding personal and family-owned assets.