TAXATION

There are tax consequences to virtually every thing you do. In Estate Planning, you need to consider the estate taxes that may affect the language in your Will or Trust.

• If you want to make a gift to any one, related or otherwise, is it a taxable gift?
• How can you minimize or eliminate these taxes?

In the Business arena the following questions need to be considered:

• What are the tax consequences of your business structure?
• Should the owners make a loan to the business or contribute the money as part of their ownership contribution?
• When the business sell an asset, merges, or buys another business, how do you structure the transaction to minimize or eliminate taxes?
• Should the business purchase property or lease it?
• What is a deductible business expense and what is not?

As your lawyer, I can provide tax advice regarding a proposed course of action rather than discovering adverse tax consequences after the fact. In most cases, you cannot unwind a transaction after it is final and the tax problem exists.