Practice Areas & Industries: Nexsen Pruet, LLC

 





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Practice/Industry Group Overview

Nexsen Pruet's experienced Federal Taxation team works skillfully and diligently to minimize the tax impact on corporations, closely held businesses, and their owners, and high net-worth individuals and executives.

Our tax attorneys, a number of whom hold advanced degrees in taxation and others who are also Certified Public Accountants, bring substantial knowledge and experience to bear in creating value for our clients. This value is created in work in the areas of mergers and acquisitions, investing, real estate transactions and in minimizing taxes for our clients.

We provide sophisticated tax planning for businesses, families and individuals across a range of transactions and situations, working to reduce taxes. Listed below are some of the subjects we address on behalf of our clients:

BUSINESS TAX PLANNING

  • Tax-free reorganizations
  • Taxable acquisitions
  • Consolidated group issues
  • Tax accounting methods
  • Financial products, including debt and equity offerings
  • Mergers, acquisitions, divestitures and joint ventures
  • Real estate transactions, including like-kind exchanges and transfers
  • Tax treatment of corporations and shareholders (including S corporations and consolidated groups)
  • Tax treatment of partnerships and partners (including limited liability companies and members)

INTERNATIONAL TAX PLANNING

  • U.S. taxation of international operations and U.S. reporting associated with foreign resident and nonresident taxpayers

TAX PLANNING FOR INDIVIDUALS AND PASS-THROUGH ENTITIES

Our tax attorneys are experienced in providing advice and assistance to many types of pass-through entities such as limited liability companies, S Corporations, limited partnerships and general partnerships. Our planning typically involves the following:

  • Entity selection to achieve business and tax objectives
  • Preparing operating agreements and partnership agreements with allocations that comply with IRC Section 704(b)
  • Assistance with issues involving the termination or liquidation of entities
  • The admission of new members, partners or shareholders
  • The specific tax issues affecting S Corporations
  • Conversion of a C Corporation to a S corporation
  • Structuring Buy-Sell agreements that protect the closely held business and minimize income and estate taxes
  • Working closely with our Trust and Estate attorneys to ensure that the business owner’s transfer taxes are minimized

Our tax attorneys are also very involved in assisting high net worth individuals, executives and clients operating professional businesses, such as medical, dental and legal practices, with minimizing their taxes and compliance with tax laws, including:

  • Selecting the best entity to own investments and operate related businesses
  • Providing a structure which provides asset production for individuals and their families
  • Reviewing executive compensation plans and benefit plans to ensure that the greatest benefit is achieved with the lowest tax cost; assistance with planning for stock options and restricted stock plans
  • Assisting clients with choosing the best retirement savings vehicle
  • Achieving how to minimize taxes on various investments such as stocks, bonds, municipal bonds and other traditional investment platforms
  • Advising clients of the taxation of various complicated investment vehicles such as hedge funds and derivative contracts

Projecting of tax liability for the year and planning throughout the year to minimize tax liabilities


 
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