Tax Planning Services

Tax Planning Overview of Services

Tax planning is an essential element of to minimize income and estate taxes. We prefer to take a proactive over a reactive approach to tax services and tax planning. By making tax planning part of your overall business strategy, you can use our experience and access to the most current new developments in the tax laws to minimize both your current and future income, estate and gift tax liabilities.

By keeping current on new tax laws and legislation, we are in a position to identify key tax planning opportunities. We provide our individual and business clients with the tax expertise, knowledge and updates throughout the year.

Going to this website frequently helps clients stay up to date and aware of new tax laws and tax strategies. For tax articles please go to Income Taxes and Income Tax Planning Articles.  For example, here are a few articles that can be found at this website that explore income tax considerations:

• For the an update on filing amended return please read Amending Tax Returns with the IRS
• For the failure to file and pay penalties and ways to avoid such penalties please read IRS Failure To File and Pay Penalties
• For IRS guidance on the tax rules for cell phones please read CELL PHONES: IRS ISSUES NEW TAX BREAKS.
• For the IRS Voluntary Worker Classification Settlement Program that will allow for past payroll tax relief when an employer agrees to reclassify their workers as employees please read Employers Playing Tax Games with Workers: IRS Offers Way to Come Clean.
• For why it is so important to get it right the first time when it comes to complying with IRS filing and documentation requirements please read IRS Slams Taxpayers: Attention to Tax Details Matter.
• For reasons why you may not get back your refund due to the IRS offset program please read IRS Tax Refunds Not Received Due To Offsets
• Remember there are numerous other income tax articles that may be of interest to you at Income Taxes and Income Tax Planning Articles.
• There are also estate and gift tax articles you may find interesting at Selected Estate and Gift Tax Planning Articles

Tax Planning and Documentation When Buying and Selling of A Business

Getting a handle on the tax implications when buying or selling of a business from both an income and estate tax perspective are critical when it comes to negotiating a sale.

The form of the transaction can be of critical importance.

Most importantly it is crucial to have trained tax counsel to prepare and negotiate the proper legal agreements and related legal and tax documentation necessary to implement the sale of a business or shares of stock of a corporation. Such documentation should be done with an eye toward minimizing taxes and the avoidance of tax problems and tax audits down the road.