Almost every form of transaction, negotiation or transfer of any sort has significant tax implications. The role of a tax attorney is to assist clients in managing these implications and create the most advantageous taxation scenario possible.
The DeCotiisTax Practice Group provides sophisticated and comprehensive tax services in all areas of Federal and state income tax planning for corporate, partnership, estate and trust, and individual clients as well as nonprofit tax-exempt organizations. The group concentrates its practice in tax advisory and planning for sale dispositions, mergers and acquisitions, spin-offs, liquidations and divestitures, business formations, business restructuring and reorganizations, shareholder agreements and financing.
The group also provides extensive business and tax counseling in the selection of the type of tax entities, from start-up business ventures to the restructuring and reorganization of mature business entities. This entails the structuring of closely held corporations, including C corporations, S Corporations, partnerships, limited liability companies, limited partnerships and joint ventures. Industry expertise includes real estate, insurance, healthcare, manufacturing and distribution and professional service entities.
We are also conversant in new and statutorily devised tax markets, such as low income tax credits, real estate tax credits and the syndication of tax credits. Additionally, we frequently assist clients in structuring transactions or relationships in order to minimize taxation – as an example, we recently assisted a major toy company in structuring royalty payments such that they were taxed at a lower capital gains rate rather than as income.
Our attorneys have extensive experience representing clients in tax controversy matters before the Internal Revenue Service, including examinations, collections, appeals and Tax Court. The group also represents clients before the New Jersey Division of Taxation and the New Jersey Division of Labor. When appropriate, we work closely with other DeCotiis practice groups, including Litigation, Bankruptcy, Trusts and Estates and Real Estate.
The group also represents key executives in closely held and public companies in executive compensation and employee benefits planning. DeCotiis tax lawyers have extensive experience in qualified and nonqualified deferred compensation plans, stock option plans, phantom stock plans and a myriad of equity compensation formats, including restricted stock plans.
The group also provides tax and corporate services in the formation and governance of nonprofit and tax-exempt organizations. We provide assistance in tax-exempt status determinations and ongoing filings. The firm represents a variety of tax-exempt organizations including private foundations, hospitals, schools, colleges, religious organizations, and performing arts companies.
DeCotiis also has extensive experience in property tax issues related to real estate. For more information, please see our Real Estate practice group.
Effective tax management and planning can often be what insures a successful, strategically effective outcome and a competitive advantage. The attorneys of the DeCotiis Tax team are experienced, invaluable partners in helping our clients make this happen.