Practice Areas & Industries: Shartsis Friese LLP


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Practice/Industry Group Overview

Our Tax Department has a broad practice involving federal income, gift, estate and excise tax issues, international tax issues and issues related to state and local income, property and sales and use taxes and other licenses and fees. The focus of the Tax Department includes:

  • Tax Issues related to Investment Advisers
  • Federal and State Tax Disputes
  • Planning for Business Transactions
  • State and Local Compliance
  • International Investors

We have extensive expertise in federal and state income tax issues involved with investment advisers, securities investment pools and venture capital funds, and work closely with our Investment Funds & Advisers Group on those issues. We counsel investment advisory clients on the formation, operation, reorganization and dissolution of management companies, investment pools and venture funds, taxation of complex financial transactions, tax aspects of the advisor’s compensation arrangements and complex partnership accounting and allocation issues. Along with advising California-based clients regarding state and local taxes, our Tax Department represents clients on California’s jurisdiction over out-of-state individuals and companies with business connections to California and the effect of the state’s far-reaching unitary system of income taxation.

In representing clients in international business transactions, our Tax Department counsels on the federal, state and foreign tax consequences of such transactions, including such issues as the proper choice of entities, jurisdictions and transfer pricing in related party transactions. In addition to counseling on the tax issues in proposed business transactions, we represent clients in tax disputes with the Internal Revenue Service and with the California Franchise Tax Board and State Board of Equalization.