Practice Areas & Industries: Nexsen Pruet, LLC


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Practice/Industry Group Overview

We have extensive experience in all facets of federal and state taxation.

Our tax team consists of business attorneys, litigators, and former IRS District Counsel. Together, we help businesses and individuals understand and comply with complex tax rules and strategically plan to minimize their tax burdens.

Our highly trained tax attorneys include:

  • 13 attorneys with Masters of Laws degrees in taxation
  • Four Certified Public Accountants
  • Four attorneys who are Certified Specialists in Taxation in South Carolina
  • Two attorneys who are Certified Specialists in Estate Planning in South Carolina

A wide range of tax matters

Tax law touches virtually every transaction, person, and business, throughout our lives and at our deaths. Even organizations that are exempt from taxation, such as tax-qualified retirement plans, tax-exempt organizations, and governmental entities, must abide by tax law requirements to maintain their status.

Our tax attorneys are regularly engaged to:

  • Customize estate plans to the individual needs of clients and their family members across generations
  • Assist with administering estates and trusts
  • Advise companies on the adoption or maintenance of retirement and insurance plans for their employees
  • Design and implement executive compensation plans for key management and highly compensated employees
  • Help companies with business succession planning, corporate mergers and acquisitions, the maintenance of or conversion to Subchapter S corporation status, partnership allocations and the maintenance of capital accounts
  • Provide counsel on tax and information return filing requirements, the reporting of wages and other types of income, and withholding requirements

Articles Authored by Lawyers at this office:

Tips from IRS for Year-End Gifts to Charity
, December 09, 2015
On November 25, the Internal Revenue Service published "Tips from IRS for Year-End Gifts to Charity."

Important April 30, 2016 Deadline to Adopt Updated Pre-Approved Defined Contribution Retirement Plans
Suzanne G. Odom, October 26, 2015
All employers who are using a pre-approved form for their 401(k), profit sharing, or other defined contribution plan must sign updated documents on or before April 30, 2016 to preserve the tax-qualified status of the plan.

Relief for Federal Disaster Areas in South Carolina
William M. Wilcox, October 22, 2015
On October 7, 2015, the Internal Revenue Service (IRS) issued SC-2015-71 to grant relief to taxpayers located in federal disaster areas of South Carolina.

Maybank on the Government Accounting Standards Board issued Statement No. 77, Tax Abatement Disclosures
Burnet R. Maybank, August 25, 2015
Today, August 15, 2015, the Government Accounting Standards Board issued Statement No. 77, Tax Abatement Disclosures.