Practice/Industry Group Overview
The Tax Practice Group is an integral part of the firm's transactional practice. We work closely with our business lawyers to structure and effectuate complex transactions from a tax perspective to better fit our client's business objectives. We also maintain an independent tax practice that focuses on public and private domestic and foreign business entities (corporations, partnerships and limited liability companies), private clients and tax-exempt organizations, including federal, state and local tax controversy matters for all of the foregoing.
Many of our lawyers are recognized authorities in their fields, consultants to other professional advisors, frequent speakers and panelists at tax conferences and authors of tax articles and treatises.
Responding to our clients' needs, we provide tax advice in connection with:
- Choice of Entity
- Mergers, Acquisitions, Dispositions and Restructurings
- International Tax Planning
- Tax Structuring of Workouts and Bankruptcies
- Real Estate Transactions, including Syndications, REITS and Section 1031 Transactions
- Venture Capital
- Low-Income Housing and Historic Rehabilitation Tax Credit Transactions
- Municipal Bonds
- Tax-Exempt Entities
State and Local Tax Matters
Our state and local tax attorneys have multistate experience in such matters as:
- Sales, Use and Gross Receipts Taxes
- Real Property and Transfer Taxes
- Required Recordkeeping
- State Income and Franchise Taxes
- State Tax Exemptions
- State Tax Implications of e-Businesses
- Unclaimed Property Matters
- State Tax Aspects of Mergers and Acquisitions
- Tax Amnesty and Tax Disclosure Agreements
International Tax Matters
Duane Morris' international tax attorneys provide United States tax advice to our multinational clients on a wide range of cross-border business activities, including:
- Cross-Border Transfer Pricing: Planning and Compliance
- Tax-Efficient Realignment of Foreign Subsidiaries
- CFC and PFIC Tax Planning
- Tax Treaty Utilization and Compliance
- Foreign Tax Credit Planning
- U.S. Tax Withholding on Payments to Foreign Persons
- Cross-Border Employee Transfer Planning
- Pre-Immigration Planning
Civil and Criminal Tax Controversy Practice
Our tax controversy lawyers have in-depth experience in client representation:
- At Federal Tax Examinations and IRS Appeals Offices
- Before U.S. Tax Court and Federal Appellate Court
- At State and Local Tax Examinations and Administrative Proceedings
- Before State Trial and Appellate Courts
- In Administrative and Grand Jury Criminal Tax Investigations
Our tax lawyers, working closely with our attorneys in other practice groups, advise private clients on the tax consequences of their activities, including the following:
- Family Tax and Business Succession Planning
- Executive Compensation Structures
- Charitable Giving, including Use of Private Foundations
Articles Authored by Lawyers at this office:
Severance Payments Are Taxable Wages Under FICA
, April 01, 2014
The U.S. Supreme Court ruled on March 25, 2014, that severance payments made to employees terminated against their will are taxable wages under the Federal Insurance Contributions Act (FICA).
UK Budget Speech - Key Points
, March 26, 2014
The UK's Chancellor of the Exchequer, George Osborne, delivered his annual Budget Speech on 19 March 2014. More details of measures announced will be known when a new draft of the Finance Bill 2014 is published on 27 March. A full analysis of each and every measure announced in the Budget Speech is...
House Ways and Means Committee Releases Proposal on Tax Reform
, March 07, 2014
On February 26, 2014, House Ways and Means Committee Chairman David Camp (R-Mich.) released his plan for U.S. federal tax reform by introducing draft legislation called the "Tax Reform Act of 2014." The proposal is intended to simplify the Internal Revenue Code and strengthen the economy...
Consider These Tips in Maximizing Your Charitable Tax Deduction
, February 06, 2014
As you gather your tax materials and prepare to file your 2013 tax returns, you may wish to consider whether you have incurred out-of-pocket expenses while serving as a volunteer on behalf of a charitable organization. If so, your expenses may be tax deductible provided they are properly...
Treasury and IRS Recognize Same-Sex Marriage for All Federal Tax Purposes
, September 04, 2013
On August 29, 2013, the U.S. Department of the Treasury and the Internal Revenue Service (IRS) issued Revenue Ruling 2013-17, declaring that same-sex couples legally married in a jurisdiction that recognizes same-sex marriage will be recognized as married for all federal tax purposes, regardless of...
IRS Publishes Notice Providing Transition Relief in Response to ACA Delay
, July 12, 2013
As outlined in our prior Alert, the Obama administration recently announced a one-year delay in the effective date of three key provisions of the Patient Protection and Affordable Care Act (ACA): (1) the annual information reporting requirements applicable to insurers, self-insuring employers and...
Don't Miss the FBAR Filing Deadline
, June 07, 2013
Despite the Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) publishing final regulations for reporting bank accounts, securities accounts and other financial accounts located in a foreign country on Form TD 90-22.1, Report of Foreign Bank and Financial Accounts (the...
Recent Developments in New York's Taxation of Unauthorized Life Insurers
, May 06, 2013
Prior to 2012, New York afforded surprisingly favorable tax treatment to life insurance companies that are not licensed to conduct business in New York ("unauthorized life insurers"), but that owned real estate investments in New York. The New York State Department of Taxation and Finance...