Taxation

Federal, State, and Local Taxes

We advise individuals, business owners and business entities on all aspects of federal, state, and local income tax and other taxes. We assist clients with many tax issues including deferred compensation plans, stock option plans, business redemptions, reorganizations, mergers and dissolutions, tax effects of other business and real estate transactions, and the preparation of individual and fiduciary income tax returns.

1031 Exchanges

We counsel real estate owners and investors who wish to defer gain on the sale of property using Section 1031 like-kind exchanges of property. We have experience in assisting clients both with forward and reverse 1031 exchanges.

Tax Credit Financing

We also assist clients with tax credit financing including low-income housing tax credits, rehabilitation tax credits and new market tax credits for real estate developers and investors. Our tax and real estate attorneys have experience representing real estate developers and owners in all aspects of low-income housing development including FHA and other government assisted financing.

Entity Tax Planning

We provide business and corporate tax advice to entrepreneurs in the structuring of new business entities such as C-corporations and pass-through entities, such as S-corporations, partnerships and limited liability companies (LLCs). We are also experienced in the structuring and use of tiered entities (multiple layers of entities, holding companies and wholly-owned subsidiaries).

Estate and Gift Tax Planning — Trusts

We counsel individuals on estate and gift tax planning, and assist in the establishment of trusts, family limited partnerships and LLCs and charitable foundations to minimize estate taxes.