Tax

We represent clients in both preparation of taxes and in audits/litigation for tax matters. We prefer to work as ongoing consultants to reduce or eliminate your tax bill over time. There are many methods that businesses and individuals can use to protect earned income from taxation. It is extremely important that you seek the advice of a tax attorney to assist with tax planning and tax mitigation strategies, as opposed to a tax CPA, as discussed below.

We offer this service as an extension of our business consulting service, as we are often asked to structure and prepare business enterprises for clients that wish to protect wealth from erosion by outside entities such as the IRS. Our enterprise planning is easily extended to individual situations, as we are the leaders in strategic business development and tax avoidance is a major part of our normal consultancy services.

Tax Mitigation and Elimination Strategies

There are many ways to reduce or eliminate taxes, both for businesses and individuals. We offer planning advice so that you can work toward a lower tax bill or no tax bill at all. Our solutions are unique to each client, and are a reflection of our dedication to not only interpreting the law as applied by the courts, but to our forward thinking and commitment to legal and viable long-term solutions.

Regardless of your current situation, we can likely immediately reduce your tax liability, and we specialize in offering advice that legally reduces your tax bill over time. This can sometimes involve setting up or spinning off separate taxable entities, gaining federal or state tax exemption for certain circumstances such as agriculture or conservation, and maximizing the available deductions and credits by properly engaging in supported activities.

Tax Attorney v Tax CPA

Note that there are many disadvantages to using a CPA, such as lack of any attorney-client privilege, inability of a CPA to represent a client in courts, and lack of a work-product doctrine to govern discoverable items that have been prepared by a CPA. Persons working as both attorneys and CPAs can expose their clients to all the risks of CPAs, and top-level attorneys will actually rescind their CPA license so as to avoid potential client losses. This distinction between attorney and CPA can mean the difference between evidence and information being accessible or not, and it is not a choice that you should take lightly.

If you have a CPA that you like, we can often provide a legal shelter for your information and protect you from losing attorney-client privilege by handling the contact with your CPA for you and preventing you from jeopardizing your work product. Contact us for details, as this arrangement can be complex and must be created and implemented in the correct manner. These arrangements are known as Kovel arrangements, and are impossible without attorney advice and representation. You need this arrangement if you believe your CPA could be called to testify against you for any reason.

Business Tax Strategies

Our unparalleled financial advice for businesses extends to tax matters. We understand the intricacies of your business, and can help to set up a variety of advanced techniques, such as multiple divisional entities to handle operational cash flow, varied corporate structures, subsidiary ventures, and international processing. Nobody understands business finance like we do, and nobody understands the caveats of the tax code like our legal team. We can put you on the path to lower or no tax.

Our business advice is unique to each client, and we need to work with you to develop strategies that create long-term solutions. We do not encourage one-time or short-term solutions, nor do we participate in trickery or deception. We create wealth, and taxation is an integral part of our overall plans to bring success and maximum profitability to your company.

Individual Tax Strategies

Our individual strategies tax vary widely depending on your circumstances, but are based in our complete understanding of the tax code as applied to individuals and our ability to migrate business principles to your own tax situation in order to mitigate most or all of your personal tax liability. Our strategies are long-term solutions, developed over time and often resulting in complete elimination of individual tax obligations.

Many wealthy individuals need to treat their personal financial situation as a business enterprise, protecting earned income from as much taxation as possible. Filing only individual returns would be considered malpractice in our environment, as we have developed a strategic planning system that relies on the favorable treatment of enterprises to shield income and assets from the reach of the IRS and the courts.

While wealthy clients are most exposed to the IRS, we handle nearly every individual situation, as long as you are in a position to make an investment in your financial future. We can offer advice to any situation, and we treat every client like our only client.

Scope of our Tax Representation

Much of what we do to eliminate tax liability is developed over several years, and we prefer to be a part of your ongoing plan to mitigate unnecessary expenses. However, we realize that not everyone is looking for complete consulting service, so we offer our tax advice as a stand-alone service that can be purchased each year. We help prepare your current taxes and offer advice for minimizing tax liability in future years. This one-time fee is extremely affordable compared to big-box tax stores, and we guarantee our tax preparation against litigation, which means we will litigate your liability for free if our tax strategies are challenged by the IRS or other entity.