At General Counsel, P.C. our tax attorneys teach, lecture and publish on both a local and national level regarding a wide variety of tax issues.
With the ever-changing nature of the tax laws we continually monitor and master new tax law developments in order best to serve our clients, and have the experience and knowledge to advise them in virtually all areas of tax law.
Ideally, we seek to help our clients plan their business activities in advance so at minimize their tax exposure and reduce their tax liabilities. Yet often times we are also retained to advise clients after their tax reporting positions and activities have been challenged and/or rejected by the IRS and/or state or local tax authorities.
What Does a Tax Attorney Do?
Tax-beneficial Business Structures
The tax attorneys at GCPC help you focus on your business’ long-term business plan. Tax decisions are not over once you have chosen the appropriate type of business entity for your new business. The tax implications of profits or losses and how they will be taxed or utilized must be reviewed in light of the tax situations of the prospective owners of the business. Our attorneys also provide unique assistance in planning for venture syndication and the raising of capital from individual investors and venture capital groups.
Tax Planning for Transactions
Our tax lawyers advise business and individuals on tax planning from the inception of a business transaction through every stage of negotiation and the transaction’s eventual consummation. Our tax attorneys, working together with their business lawyer colleagues, have the knowledge and experience properly to structure and negotiate mergers, restructurings, acquisitions and sales of ownership interests and businesses in the most tax efficient manner.
Tax Litigation and Administrative Practice
GCPC’s tax attorneys handle all types of administrative proceedings with the Internal Revenue Service and state taxing authorities. When necessary, our attorneys also litigate tax cases in federal and state courts to resolve disputes with tax authorities in the best interest of our clients. Contact us for more information about our litigation practice.
At GCPC, our business and tax attorneys have a thorough understanding of the complex web of federal and state reporting laws. In conjunction with our clients’ accountants and financial advisors, we assist our clients in determining the appropriate reporting positions that should be taken, whether by, corporations, LLCs, partnerships, individuals, trusts, estates or other forms of entities.
Employee and Executive Benefits
Our business attorneys work closely with our labor and employment attorneys to meet the employment needs of your business. Certain types of employee and executive benefit arrangements are entitled to favorable income tax treatment. Our attorneys design and advise employers and employees regarding short and long-term compensation plans. Additionally, our team of attorneys can advise your company on matters regarding executive compensation and qualified retirement plans.
At General Counsel, P.C., our business and tax attorneys are familiar with the unique challenges of establishing tax-exempt organizations and qualifying them as tax exempt with the Internal Revenue Service, and then assisting them in maintaining their tax exempt status.