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

  • Investment in Opportunity Zones

    Opportunity Zones

    In December 2017, President Trump signed The Tax Cuts and Jobs Act into law enacting a national Opportunity Zone program designed to provide significant real estate and other investors significant federal tax incentives to invest in 8,700 historically distressed, state-designated neighborhoods throughout the United States. Specifically, the federal tax incentives provided through the Opportunity Zone program may permit an investor not only to defer present taxation on any of its currently realized and recognized capital gains, but also to reduce the actual amount of capital gains ultimately realized in the future. In addition, for certain investments held for more than 10 years, any and all gains on such investment amounts will be 100% tax-free for federal income tax purposes, to the extent initially comprised of deferred capital gains. Read our client update todayDisclaimer: You should not act or rely on any information at this website without seeking the advice of an attorney. The determination of whether you need legal services and your choice of a lawyer are very important matters that should not be based on websites or advertisements.  Read More

  • New Partners Named at DarrowEverett LLP

    Nicholas Hemond, attorney and Providence, R.I. School Board President, has been named Partner at the full-service business law firm, DarrowEverett LLP. As an alumnus of area educational institutions Roger Williams University Law, Providence College, and Classical High School, Mr. Hemond is a longstanding, active member of the Rhode Island community. He earned a bachelor of arts in political science from Providence College, and a Juris Doctor from Roger Williams University Law. Mr. Hemond had been an associate with the firm for the past four years, concentrating his practice in the areas of government affairs and litigation and representing firm clients in civil, criminal defense, and family court matters. His experience also includes serving as an assistant city solicitor for the city of Central Falls and as legal counsel to the Central Falls Zoning Board of Review. For the full press release click here Read More

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