• Bank Counsel
• Business and Corporate Law
• Elder Law
• Guardianships and Conservatorships
• Health Care and Behavioral Health Law
• Litigation and Creditor's Rights
• Non-Profit Law
• Probate and Estate Administration
• Commercial Real Estate Law
• Tax Law
• Wills, Trusts & Estates

Tax Law

Tax considerations drive many business transactions and the tax codes continue to grow in complexity. Tax planning for a business involves the ability to advise clients on tax-efficient business formations and tax-efficient business transactions. Additionally, it is imperative that an attorney preparing an estate plan does so in a way that considers all potential estate and gift tax implications.

The attorneys at McDermottWard advise clients in many areas relating to income tax and estate tax. We have substantial experience advising clients in the tax planning of business transactions of all sizes. We are also able to advise clients forming a new business as to which type of business entity (e.g., Limited Liability Company, Corporation or Partnership) best meets the clients’ tax planning needs. Our experience extends to advising on the U.S. tax consequences of persons involved in foreign investments and transactions.

Our attorneys have extensive experience advising our Elder Law and Estate Planning clients on the potential estate and gift tax consequences of planned gifts or bequests and are able to advise clients on tax-efficient estate and gift tax planning. Such planning could involve the use of one or more trusts and/or business entities to ensure that gifts are completed with minimal tax liability.

We also assist clients in disputes with taxing authorities, which includes the possible settlement of disputed tax liabilities through offers in compromise or other means.

Please contact us to schedule a consultation.