Tax

The DarrowEverett Tax Practice Group is a comprehensive practice designed to meet the needs of all federal, state, local, planning and compliance matters that our clients encounter throughout their business and personal activities. The attorneys of DarrowEverett have experience and expertise in both personal and business tax areas, providing our clients with a full range of services. The comprehensive range of tax services offered includes not only planning, but resolving matters such as complex return items or representation before a tax authority if a prior return has been called into question.

The business tax practice at DarrowEverett is wholly integrated with the firm’s other practice areas to ensure that in the planning of our clients’ investment and business structures and activities, the focus is on the overall product, emphasizing our clients’ goals and business objectives. This enables us to deliver results that are both tax efficient and well tailored to the client’s individual circumstances. Our tax attorneys participate in entity selection, the drafting of operating agreements, ensuring tax efficient capital infusion through business financings, and being always available to address questions and concerns as they appear through the life of the business, including tax issues pertaining to debt and distressed assets. The operational capabilities of the DarrowEverett tax practice include advising on individual return items that arise through business operations, transactional planning, compensation plans, and securities compliance. Our tax attorneys are well versed in matters arising throughout the life of a business venture, including the crafting of tax efficient exit strategies through business sales, mergers, and acquisitions. The DarrowEverett attorneys are equally well versed in tax-free reorganizations as well as taxable business sales.

Providing a full service tax practice also includes expertise in direct and indirect state and local tax matters as well as real estate tax planning. The attorneys of DarrowEverett understand that tax is an ever evolving practice and strive to stay on top of all current developments that may affect our clients’ interests. As part of the firm’s commercial lending and financing practice, our attorneys are capable of advising on quickly expanding areas such as financing development entities through tax credits, covering both real estate development as well as alternative energy projects. The tax attorneys at DarrowEverett also provide a full complement of tax planning and transactional services related to international taxation, including financial products tax issues related to currency transactions as well as income sourcing.

The personal aspects of the firm’s tax practice are also comprehensive; covering general tax planning for individuals addressing annual return based issues as well as estate planning. The estate planning practice of DarrowEverett is well positioned to handle all estates; including those larger estates where estate and gift tax planning is a necessity. In providing our personal tax services, our attorneys are fully capable of handling matters that bridge personal and business tax issues, including planning for family and closely held businesses. The tax attorneys at DarrowEverett are also available to address matters related to compensation and stock options, helping our clients minimize their tax liabilities while planning their financial future.

 

 

 

 

 

 

 

 

 

 

 

We have committed ourselves to assisting our clients in making well-informed, productive and ultimately successful decisions on all issues that come before them.

We take pride in on our ability to provide each client with the attention to detail and high level of service that their transactions require, while at the same time providing practical and business-oriented advice and solutions.

Current News and Events

  • Why Estate Planning Should Be Your Top Priority for 2019

    As the New Year turns, we often make resolutions for improving our lives in the coming year. We promise to eat healthier, to exercise, and to be more organized in our finances. One of the most important ways to improve our lives is to take concrete steps to plan for your estate. Estate plans are not just for the wealthy or those getting along in years. They are for everyone who has other people that depend on them or for anyone who wants to leave a legacy. Read our full client alert to learn how our attorney's can help you with your resolutions. Read More

  • End of Year Tax Update

    The Tax Cuts and Jobs Act of 2017, signed into law by President Trump on December 22nd, 2017 (the “Tax Cuts and Jobs Act”), added Code Section 199A to the Internal Revenue, which provides for up to a 20% deduction applicable to pass- through income, including income from S-Corps, partnerships, and sole proprietorships. Given this new deduction, it is within an owner of a passthrough’s interest to maximize what the IRS refers to as Qualified Business Income (“QBI”) which is defined as income net of any deductions or losses from a qualified business or trade, including any wages paid by the pass-through entity. To take advantage of accelerated depreciation and expensing of certain business related assets, read the full update. Read More

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