The United States of America imposes several different tax regimes, including, but not limited to, taxes levied on income, payroll, property, sales, capital gains, dividends, estates, trusts, and gifts. As a result, taxes should be heavily considered when structuring a business venture, transaction, sale, or one’s estate plan. Staying current on changes in relevant tax laws is important for managing wealth, businesses, and estate plans.
An experienced Florida and Palm Beach County tax planning attorney at Comiter, Singer, Baseman & Braun, LLP can advise business entities and their principals about tax planning regarding operations and various types of transactions and how decisions interrelate with their respective estate plans. By taking a holistic approach, we ensure that our clients’ business plans are cohesive with estate plans in order to maximize efficiency in both income tax and wealth transfer planning.
Tax Planning & Your Financial Goals
Our goal as your Florida and Palm Beach County tax planning attorney is to offer advice on the most tax-efficient mechanisms for achieving your business and financial goals. We frequently assist clients with the choice of entity for certain ventures, as well as the most efficient manner to capitalize entities. Our tax planning services include:
- Corporate tax planning
- Partnership tax planning
- Subchapter S tax planning
- Taxation of executive compensation
- Opportunity zones (tax incentives)
- Taxation of financial products and derivative financial instruments
- Taxation of regulated investment companies
- Taxation of regulated real estate investment trusts
- Taxation of insurance companies and products
- Taxation of royalty streams
- Use and documentary stamp taxation
- Tax accounting and payroll
- Other withholding taxes
We regularly serve as lead counsel for tax-free reorganizations, taxable acquisitions, like-kind exchanges, installment sales, debt restructurings, and the issuance and holding of various financial products.
Estate Planning Income Tax Considerations
Since the Tax Cuts and Jobs Act increased each individual’s unified tax credit to over $11 million, income tax planning has become an important aspect of estate planning. Our estate planning group has a wealth of experience in estate, gift and generation-skipping planning, trust and estate administration, and fiduciary litigation. By leveraging our income tax experience, we are able to actively manage high-net-worth families’ estate tax exposure by integrating estate planning into their business planning.
Comiter, Singer, Baseman & Braun, LLP routinely handles IRS examinations at the revenue agent level, both directly or indirectly with a client’s CPAs and their compliance departments. Our firm also represents clients during IRS examinations at the IRS Appeals Office level and interfaces with the IRS National Office and Treasury Department, preparing ruling requests and seeking creative solutions through administrative determinations, revenue rulings, and Treasury regulations.
Every Florida and Palm Beach County tax planning attorney at our firm has substantial experience litigating tax controversy matters in the United States Tax Court, the United States Court of Federal Claims, United States District Courts across the country, and the United States Courts of Appeal.
Comiter, Singer, Baseman & Braun, LLP regularly assists clients on all types of tax deficiencies and refund claims arising from income taxes, payroll taxes, estate and gift taxes, and related penalties and interest. We assist clients with tactical decisions in connection with settling a tax controversy matter while preserving other tax benefits, such as rights to refunds and/or refund claims.
Contact a Florida and Palm Beach County Tax Planning Attorney
To learn more about our tax planning services, contact a Comiter, Singer, Baseman & Braun Florida and Palm Beach County tax planning attorney, either online or by calling us at 561-626-2101 or toll free at 800-226-1484. We work with clients throughout the state of Florida, including those in Boca Raton and Palm Beach Gardens.