Tax Strategies

Federal and state income tax laws provide a number of judicious planning strategies that combine to generate substantial income tax deductions and deferral opportunities.Solutions may exist for elimination of capital gains and for the tax-free conversion of paper profits.Deferral strategies postpone recognition of income and the payment of tax.

We help our clients and their advisors identify and implement tax reduction and deferral strategies for themselves and their businesses.While we maintain a respectful relationship with the IRS, we vigorously pursue our clients’ interests.To that end, we seek innovative alternatives for tax reduction within existing government rules and regulations.

Our tax strategies can be used to accomplish myriad taxing dilemmas.Here is list of examples of the types of situations for which may have potential solutions:

• Tax-free sale of highly-appreciated real estate
• Tax-free sale of highly-appreciated stock or other assets
• Tax-free sale of a business
• Bailout of trapped C Corporation retained earnings
• Bailout of trapped retirement plan or IRA assets on a tax-advantage basis
• Tax-deductible contributions of $250,000 or more per year to a retirement plan
• Cash bailout of Section 1031 proceeds
• Charitable income tax deduction for “gift” of a view or promise not to develop land

"There is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible.Everybody does so, rich or poor; and all do right, for nobody owes a public duty to pay more than the law demands; taxes are enforced exactions, not voluntary contributions.To demand more in the name of morals is mere cant."

Judge Learned Hand