Services Provided
ESTATE PLANNING: Evaluation of the entire family holdings with a view towards advice on, and implementation of, asset freeze techniques, gift giving programs, trusts, wills and other testamentary instruments. Valuation of Closely Held Businesses necessary to establish the value of privately held business for both tax and non-tax purposes, and in connection with estate planning and business reorganizations. Also the probate of estates, preparation of estate tax returns, estate administration and Post Mortem Tax Planning
TRUSTS: The use of trusts to reduce estate taxes and to shift income is essential to reduce overall tax burdens. Different types of trusts (Revocable or "living" trusts, irrevocable life insurance trusts, charitable remainder trusts) are structured to suit the particular objectives of each family and are coordinated with gift giving programs to achieve the greatest benefit.
CORPORATIONS: Clients are advised on the organization, operation, reorganization, division and dissolution of corporations and S corporations, as well as taxable and tax-free acquisitions and dispositions of corporate assets and stock; - and active participation in the planning, negotiation and consummation of such transactions. Ongoing maintenance includes preparation of corporate articles, minutes, by-laws and shareholder agreements as well as continuing tax planning.
PARTNERSHIPS: Organization of general and limited partnerships, Family Limited Partnerships, LLCs and LLPs, to provide flexible structures for clients' tax and legal needs. Solid experience in special structuring of partnerships provides the most advantageous tax posture for partners with different tax needs. Family limited partnerships for estate planning purposes.
INTERNATIONAL: Consultation, negotiation and tax planning for American businesses exporting, or establishing oversees offices, foreign subsidiaries or joint ventures, with emphasis in the republics of the former USSR. Planning compensation arrangements for Americans working oversees, taking advantage of U.S. and foreign tax laws and Tax Treaties. Tax planning and compliance services for foreign nationals relocating to the U.S., taking into account immigration status, physical presence and applicable tax treaties. Tax planning and compliance for foreign investors on how to structure U.S. investments in light of FIRPTA, tax treaties and other tax laws applicable foreign ownership of U.S. businesses and assets.
TAX PLANNING: Tax planning for both individuals and their related business entities on a transactional basis with a view toward tax minimization; including specific issues concerning the timing of income recognition, acceleration or deferral of deductions, accounting methods, real estate and passive activities, workouts and bankruptcies and constant review of ever-changing tax laws.
TAX RETURN PREPARATION: Preparation of tax returns for individuals, partnerships, trusts, estates; and corporations, using the latest computerized tax preparation and planning software. All returns are prepared with a view towards the most advantageous tax posture allowed under the Internal Revenue Code.
RETIREMENT PLANNING: Consulting for individuals who are participants in Qualified Retirement Plans on plan benefits and the tax aspects of distributions from such plans. Full range of services to corporations and self employed individuals who desire to establish retirement plans; preparation of all documents necessary to implement such plans and obtain approval by the IRS. Advising retiring executives who are faced with complex distribution choices.
TAX CONTROVERSIES AND ADMINISTRATION: Representation of clients before the Internal Revenue Service and the Massachusetts Department of Revenue, in all matters of audits, negotiations, collections, liens/levies, requests for private letter rulings, and qualifying charitable organizations and employee benefit plans.
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