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Tax Planning and Compliance
Understanding the federal, state and international tax
implications of business or asset sales, equipment purchases, asset
based financing, business formations and other business transactions
and of personal estate planning transactions is an integral part
of the decision–making process in connection with the structuring
of these transactions. Clemons Richter & Reiss is able
to give advice on the tax aspects of these transactions to individuals,
trusts, estates, closely-held businesses such as partnerships,
corporations and limited liability companies, and to nonprofit/tax-exempt
organizations.
Our attorneys do not simply focus on the tax aspects of a transaction.
We seek first to fully understand our clients’ financial
and non-financial objectives in using the many tools available
to structure transactions and to design and implement business
and estate plans that will not only apply relevant laws and cutting-edge
techniques but also meet our clients’ non-tax needs, such
as preserving a business culture in the midst of a structural
or ownership change or structuring an estate plan that will meet
the needs of various family members and also promote or preserve
family harmony.
We also have assisted many clients who have encountered problems
with IRS and State taxing authorities, helping to work out those
problems in a manner that preserves our clients' business interests
and standards of living.
"Anyone may arrange his affairs so that his taxes shall be as
low as possible; he is not bound to choose that pattern which
best pays the treasury. There is not even a patriotic duty to
increase one's taxes."
By Judge Learned Hand
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