• diagram1

    Tax & Financial Accounting

    • Knowledge of interrelationship of tax and different accounting methods
    • Pro formas for tax planning
    • Projections of tax liability scenarios
    • Analysis necessary for future tax and long term planning
    • Depreciation and other tax elections/options
    • Benefits of family tax bracket analysis and benefits of tax deferrals
    • Knowledge of GAAP to support tax structures
    • Knowledge of accounting and applicability to tax and commercial transactions
      – Cash basis vs. accrual basis (and other accounting and tax methodology)
      – Various other accounting methodology/construction and EBIDTA calculations
    • Tax elections – stock vs. asset sales, passive activity, classifications (capital gain), elections out of subchapter K
    • Knowledge of accounting software and programs
    • Coordinate with CPA firms on financial statement presentation issues
    • Assist in lenders issues regarding financial statements and tax returns

  • diagram2

    Tax Dispute Resolution

    • Effective negotiations with taxing authorities
    • Representation in federal audits, appeals, Tax Court, federal courts
    • Representation in state and local audits, and local tribunals
    • Representation in IDES audits, appeals and administrative law courts

  • diagram3

    Optimizing Tax Structures

    • Succession planning
    • Estate tax planning including advanced entity restructuring
    • Restructuring of entities for tax planning and creditor protection
    • Use of trusts for multiple objectives
    • Asset protection
    • Developing entity strategies for title and tax purposes
    • Allocations for tax benefits in a passive vs. active portfolio
    • Analyzing acquisition and liquidation issues
    • Structuring basis allocations and benefits
    • Advising optimal leasing and licensing options
    • Transferring entity interests to future generations
    • Freezing growth through effective, timely gifting
    • Formulating special elections/allocations
    • Tax-free exchanges (1031 exchange)

  • diagram4

    Entity Formation

    • Structuring proper entity for specific objectives
    • Recommending jurisdiction and tax (federal, state, local) compliance
    • Weighing jurisdictional benefits and detriments in multiple states
    • General vs. limited partnership; LLC vs. corp vs. S‐corp
    • Trusts – irrevocable and revocable options for income and estate tax benefits
    • Asset protection
    • Entity structures for unique assets
    • Benefits to maximizing and maintaining privacy
    • Compliance services – registered agent, annual report filings, corporate minutes, good standing, and franchise tax filings

  • diagram5

    Acquisition, Disposition, and Allocation of Assets

    • Family entity participation
    • Allocation of income to beneficiaries in lower tax brackets
    • Multiple tax election opportunities
    • Benefits of using limited liability companies
    • Sale vs. liquidation vs. merger vs. reorganization analysis

  • diagram6

    Real Estate

    • Residential, industrial and commercial real estate contracts and closings
    • Tax advice on aspects of allocations of sale, purchase, lease, license
    • Section 1031 (Starker and reverse Starker transactions)
    • Planning and gifting with real estate
    • Depreciation options and elections
    • Construction contract accounting
    • Revenue and expense recognition options
    • Advising on available tax deductions and credits
    • Personal residence trust planning
    • Private land trusts

  • diagram7

    Commercial Transactions

    • Lender work‐out and refinancing transactions
    • Purchase or sale of business
    • Loan documentation, basis issues
    • Sales/purchasing contracts
    • Employment contracts (83b issues, work for hire, non-compete)
    • Investments in private equity and hedge funds
    • Capital commitments/elections

  • diagram8

    Family Wealth, Estate, & Asset Protection Planning & Compliance

    • Multi-generational planning for income and estate tax issues
    • Planning with family entities and trusts
    • Succession planning for family businesses and investments
    • Freeze estates while transferring growth and opportunity to future generations
    • Proper allocation of income – special allocations between trust and beneficiary
    • Creating different types of trusts, not only as basic estate planning vehicles that avoid probate, but also for sophisticated gift and wealth transfer planning
    • Asset protection considerations
    • Administration of trust estate
    • Administration of probate estate
    • Representation of beneficiaries in estate distributions
    • Preparation of estate plan documentation and funding trusts
    • Representation of interested parties in estate disputes

  • diagram9

    Income Tax Planning & Compliance

    • All tax compliance matters including federal, state, and local preparation
    • Year‐end and interim tax planning including projections and pro formas
    • Family tax planning
    • Various trusts, limited liability company structures
    • Pro forma and projection analysis