Tax Planning

Tax Planning

 


Each attorney practicing at G&G holds an advanced degree in taxation and is well-equipped to help our clients navigate the complex tax laws in order to achieve beneficial results.  We are familiar with the intricacies among the federal, state and local income, estate, gift, transfer, sales and use taxes of several jurisdictions, and are therefore able to provide comprehensive planning strategies and advice.  We regularly assist and/or advise our clients the following areas:

●     Individual income tax minimization 
●     Tax Opinion Letters
●     Private letter ruling requests
●     Mergers and acquisitions
●     Reorganizations
●     Acquisition/disposition of real estate, including like kind exchanges
●     Tax-deferred exchanges
●     Joint ventures
●     Liquidations and other dispositions of businesses 
●     Creation and operation of non-profit organizations

 Estate Planning


From a simple will to a complex estate planning structure, G&G enables our clients to achieve their desired objectives, and advises our clients as to the associated estate and income tax consequences.  Our attorneys provide expertise in the following areas:

●     Simple Wills
●     Trusts, including marital and credit shelter trust planning
●     Powers of attorneys, Living Wills and Burial Instruction
●     Insurance planning, including irrevocable life insurance trusts
●     Asset protection planning
●     Family partnerships and/or limited liability companies
●     Gifting programs, including the preparation of gift tax returns
●     Complex estate planning techniques, including grantor retained ____annuity trusts and sales to intentionally defective grantor trusts
●     Charitable planning, including charitable remainder trusts, charitable  ____lead trusts, private foundations and charitable planning using ____retirement assets
●     Marital planning, including pre-nuptial and/or marital agreements


Probate & Trust Administration


G&G is highly experienced in representing executors, trustees, family members and beneficiaries in every phase of probate, estate tax reporting and compliance, as well as fiduciary income taxation.  We offer the following services:

●     Probate administration, including formal and informal probate and    ___ intestacy proceedings
●     Estate tax return preparation
●     Fiduciary income tax return preparation
●     Trust administration
●     Accounting and inventory preparation
●     Representation for guardianship and conservatorship proceedings
●     Representation in estate tax audits and appeals.


Business Planning and Governance

G&G represents clients ranging from fledgling entrepreneurs to mature well- established companies throughout all stages of their business lives.  We realize that different businesses have different needs, and therefore we strive to thoroughly understand the specific issues each client faces.  We provide expertise in the following areas:

  • Choosing the appropriate entity for business operation
    ●     Filing articles of incorporation and articles of organization
    ●     Preparation of operating and partnership agreements
    ●     Structuring acquisitions, mergers and sales
    ●     Analyzing stock vs. cash and/or debt transactions from a tax and ____liability perspective
     ●     Developing exit strategies, including preparing buy-sell agreements ____to address business valuation issues, co-owners, family members, ____continuity of business, etc.
    ●     Developing employee incentive plans to motivate and retain key ____employees
    ●     Assisting with annual compliance requirements
    ●     Restructuring entities, as appropriate
    ●     Representing non-profit  companies with respect to tax exempt    _     application and operations

Tax Controversy Representation


G&G represents its clients through all phases and aspects of tax controversy with the Internal Revenue Service, as well as with  state and local taxing authorities.  Our clients range from individual taxpayers to large corporations.  We represent clients in the following proceedings:

  • Tax audits
    ●     Tax appeals process
    ●     Trial court and appellate levels
    ●     Protests at the state tax level
    ●     Penalty abatement

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