Tax & Employee Benefits

Tax

Overview

Every transaction, business opportunity, and business relationship has tax implications. The Firm's Tax practice assists clients in understanding the tax consequences with respect to their current and anticipated operations and in structuring their operations to achieve their objectives in a tax efficient manner. In addition, the Tax practice assists individuals in accomplishing their wealth planning goals while minimizing wealth transfer taxes.

Services

Partnership, Corporate, Trust, Estate, and Individual Taxation

The Tax practice has experience in all federal and state tax matters affecting individuals and entities in a wide range of industries, such as corporations (including S corporations), limited liability companies, trusts, and limited and general partnerships (including limited liability partnerships and limited liability limited partnerships).

The Tax practice advises clients with respect to tax issues involved in entity formation, acquisitions, redemptions and sales of equity, dispositions, restructurings, liquidations, and spin-offs. In addition, the Tax practice has expertise in structuring transactions in a tax efficient manner, including sale and purchase agreements, buy/sell agreements, capital investments, debt financings, operating and partnership agreements, shareholder agreements, joint ventures, option plans, and incentive and deferred compensation. In addition, the Tax practice represents clients in federal and state tax disputes.

Contact: J. Alston Thompson, Jr. or Travis N. Carter
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Business and Physicians Practice Acquisitions, Divestitures, and Joint Ventures

The Tax group assists buyers, sellers, borrowers, lenders, and investors in the negotiation and financing of equity and asset acquisitions and entering into joint ventures. In addition, the Tax practice advises clients with respect to liquidations, reorganizations, and entity conversions.

With respect to the acquisition and disposition of equity and assets, the Tax practice has experience in negotiating, drafting, and structuring the allocation of purchase price, earn-outs, escrows, deferred payments, and working capital adjustments in a tax efficient manner.

Contact: J. Alston Thompson, Jr. or Travis N. Carter
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Estate and Wealth Planning

The Tax practice provides guidance to its clients with respect to effecting their wealth transfer objectives and assists clients in preparing wills, healthcare directives, trusts (revocable and irrevocable), and financial powers-of-attorney.

The Tax practice strives to achieve the client's wealth transfer objectives in the most tax efficient manner, taking into account gift, estate, and generation-skipping taxes. This advice routinely involves business-succession planning, including the drafting of buy-sell agreements among family members.

The Tax practice has experience with family limited partnerships, defective grantor trusts, qualified personal residence trusts (QPRTs), and grantor retained annuity trusts (GRATs).

The Tax practice assists clients in understanding the role and potential tax ramifications of life insurance in estate planning. The Tax practice also advises clients in obtaining their charitable giving objectives through the estate planning process, including the establishment of charitable remainder unitrusts (CRUTs), charitable lead unitrusts (CLUTs), and private foundations.

Contact: J. Alston Thompson, Jr.
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Tax-Exempt Organizations

The Firm's Tax practice represents not-for-profit corporations, including public charities and private foundations. The Tax practice assists non-for-profit corporations and trusts in formation, administration, and ongoing compliance under the Internal Revenue Code, including assisting in the preparation of Form 1023 and Form 990.

Contact: J. Alston Thompson, Jr. or Travis N. Carter
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